The Real Deal Tristate

CVS signs anchor tenant lease at New Rochelle apartment complex

June 05, 2019 05:33PM

A CVS pharmacy in New Rochelle is moving into into a new building down the block from its current site, the Daily Voice Plus reported. CVS inked a lease for 13,200 square feet inside The Rockwell at 583 North Avenue, according to the outlet. The pharmacy will be the building’s anchor tenant, said New Rochelle Mayor Noam Bramson, who spoke with The Real Deal earlier this year about Westchester County’s multifamily landscape. “CVS’ continued presence on North Avenue… is good news for the area and for New Rochelle’s overall development plans,” he told DVP. The Rockwell, which is being developed by New Rochelle-based YoungCraft, is slated to have around 22,000 square feet of ground-floor retail space. The roughly 160,000-square-foot mixed-use project, which takes its name from former New Rochelle resident Norman Rockwell, will also have 114 apartments, ranging from studios to three-bedroom units. DVP reported that construction is expected to conclude by the summer of 2020. [DVP]