Westchester group lobs its own constitutional challenge to New York’s rent law
A new market-rate apartment development is coming to Peekskill, LoHud reported. Long Island City-based Alma Realty, which is led by developer Efstathios “Steve” Valiotis, plans to build a nine-story, 181-unit building called One Park Place between Park, St. James, Broad and Brown streets, according to the outlet. The development will include a public park, more than 300 below-ground parking spaces and an outdoor terrace with dining space. The project has already secured the city’s approval and is expected to draw “a lot of new residents” to downtown Peekskill, city planning director Jean Friedman told LoHud. It wasn’t immediately clear what size apartments will be offered or how much they will rent for. [LoHud]
