Proposed 150-unit Yorktown multifamily project would cater to millennials, empty-nesters

New York /
Jan.January 03, 2019 03:00 PM

Townhouse-style rentals could be heading to Yorktown. The development proposal from Diversified Properties seeks to build 11 two-story rentals housing a total of 150 one- and two-bedroom units on Main Street, north of the Jefferson Valley Mall, LoHud reported. The project would include a pool, a clubhouse and pedestrian walkways. The 19.3-acre property sought by Diversified Properties in the hamlet of Yorktown Heights used to be farmland, according to LoHud. Yorktown officials will have to approve a zoning change that the developer needs in order to move forward with its plans. “This is another example where they are gearing toward both the empty-nesters and millennials — people who want to downsize and people who don’t want to purchase,” Yorktown Supervisor Ilan Gilbert told the outlet. [LoHud]


Related Articles

arrow_forward_ios
(Unsplash / Andre Benz)
New listings rise in Manhattan and Brooklyn, but fail to meet fierce demand
New listings rise in Manhattan and Brooklyn, but fail to meet fierce demand
The office space at 99 Church Street  (Google Maps)
Berkeley College selling two downtown White Plains buildings
Berkeley College selling two downtown White Plains buildings
eXp CEO Glenn Sanford and Corofy CEO Eddy Boccara (eXp, Corofy, iStock)
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Trump Plaza New Rochelle at 175 Huguenot Street and Donald Trump (Getty, Anthony22/Wikimedia)
Trump Plaza New Rochelle dumps Trump Org as property manager
Trump Plaza New Rochelle dumps Trump Org as property manager
Parc Grove apartments, PGIM CEO David Hunt and Pacific Urban Residential CEO Al Pace (Photos via Parc Grove, PGIM, RETCON)
PGIM gets $154M for Stamford apartments as rental market heats up
PGIM gets $154M for Stamford apartments as rental market heats up
Additional reason for the slowdown in contract signings is shrinking inventory, which is likely to make the market even more competitive. (iStock)
As inventory shrinks, suburban NYC home market calms down a bit
As inventory shrinks, suburban NYC home market calms down a bit
Professor Randolph M. McLaughlin ro Newman Ferrara LLP and Aaron Carr of HRI (Getty, Facebook, iStock)
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
Finger and Finger principal Kenneth Finger and landlord activist Jeff Hanley with Westchester (Credit: iStock)
Westchester group lobs its own constitutional challenge to New York’s rent law
Westchester group lobs its own constitutional challenge to New York’s rent law
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...