Developer gets IDA incentives for $91M New Rochelle apartment project

TRD New York /
Mar.March 07, 2019 03:09 PM

A developer that hopes to build a $90.5 million apartment complex in New Rochelle could be getting $14 million in tax relief, the Westchester County Business Journal reported. The New Rochelle Industrial Development Agency has given preliminary approval for Huguenot Partners’ proposed tax break, according to the outlet. Huguenot Partners, a unit of Manhattan-based developer DHA Capital, and co-development partner Corridor Holdings hope to build a pair of 14-story buildings and a 259-space parking garage on New Rochelle parcels located at 327 Huguenot Street339 Huguenot Street and 33 Centre Avenue. The two buildings, which will include 13,000 square feet of retail space, will collectively house 285 apartment units aimed at young professionals and college students. Construction is slated to start next year, pending approvals, and the buildings are expected to be occupied by the start of 2022. [WBJ]


Related Articles

arrow_forward_ios

The Seychelles to auction off estate at a discount after diplomat’s divorce

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Paul Simon’s Connecticut estate is on the market for $14M

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

This new bill is taking aim at property taxes for golf courses — including Trump’s

Placeholder image

Rockland County’s troubled Time Nyack Hotel gets a new owner

Placeholder image

Edge-on-Hudson developers enlist architect for parks and paths

Placeholder image

Report finds Norwalk and Stamford have highest rents in Connecticut

arrow_forward_ios