Despite hurdles, developer plans 10-story affordable housing complex in Yonkers

Westchester-based MacQuesten to propose 76-unit project in downtown historic district

Tri-State /
Sep.September 14, 2021 09:40 AM
Despite hurdles, developer plans 10-story affordable housing complex in Yonkers

MacQuestion Development CEO Rella Fogliano, 32/36/38 Main Street in Yonkers (Google Maps, Getty)

An affordable housing complex is being planned in Yonkers, although development of the project could still face several obstacles.

MacQuesten Development is proposing a 10-story building with 76 units and ground-floor retail on a five-lot portfolio that includes 32, 36 and 38 Main Street, as well as 1 and 3 Riverdale Avenue. All 76 units in the building would be priced as affordable housing, an attorney for MacQuesten told the Westchester & Fairfield County Business Journals.

The Mount Vernon-based developer aims to have an application ready for the Yonkers Planning Board by its Oct. 13 meeting, according to the publication.

The rub, however, is that MacQuesten doesn’t actually own all of the property needed for construction. The firm is in contract to buy two of the lots, but the other three are owned by the Yonkers Community Development Agency, which owns about 90 properties across the city.

To build on the agency’s lots, which lie within a historic district, MacQuesten would need to be designated as a qualified sponsor. The building would obstruct a work by muralist Richard Haas on the exterior of 5 Riverdale Avenue. The attorney for MacQuesten told the publication that the firm has offered to pay to relocate the mural to another site in the city.

When completed, the building’s nine residential floors would include 12 studio apartments, 36 one-bedroom apartments, 23 two-bedroom apartments and five three-bedroom apartments. The ground floor would comprise about 4,000 square feet of retail space.

MacQuesten plans on proposing 31 below-ground parking spaces, which would fall below code requirements; the company would propose a payment-in-lieu for the other spaces needed.

Amenities in the building would include a laundry room, a lounge, a meeting room and an outdoor terrace on the roof. A green roof design would be designed by the development firm, which emphasizes green and sustainable construction.

[WestFair] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    A rendering of 165 Broome Street (Credit: Handel Architects)
    Nonprofit plans affordable housing development near Essex Crossing
    Nonprofit plans affordable housing development near Essex Crossing
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    124 South Middle Neck Road in Great Neck, Long Island and Hornig Capital Partners Managing Partner Daren Hornig (Google Maps, Hornig Capital)
    Size, security, transparency: Great Neck apartment project delayed following local pushback
    Size, security, transparency: Great Neck apartment project delayed following local pushback
    Ardie Tavangarian (Photo by Kevin Scanlon)
    LA’s gentleman builder on developing for the ultra-wealthy
    LA’s gentleman builder on developing for the ultra-wealthy
    495 Hoffman Lane in Hauppauge and Beechwood Organization CEO Michael Dubb (Google Maps, Belmont Child Care)
    Luxury senior living could replace shuttered Hauppauge school
    Luxury senior living could replace shuttered Hauppauge school
    66 University Place (Google Maps)
    Grove Press building to be pulverized by luxury condo development
    Grove Press building to be pulverized by luxury condo development
    A rendering of River Ring with Two Trees CEO Jed Walentas (BIG, Getty)
    CB1 approves Two Trees’ River Ring, keeping project on pace
    CB1 approves Two Trees’ River Ring, keeping project on pace
    The Closing: Nancy Ruddy
    The Closing: Nancy Ruddy
    The Closing: Nancy Ruddy
    arrow_forward_ios

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

    Loading...