Existing Conditions. Occupied by two parking lots.
SOUTH TOWER:
14-story, Mixed-use
116 Residential Units (10% Affordable)
5,092 Sq. Ft. Commercial Space
NORTH TOWER:
14-story, Mixed-use
169 Residential Units (10% Affordable)
11,067 Sq Ft Commercial Space
On February 27, 2019, Cuddy & Feder Land Use Attorneys Anthony B. Gioffre III and Kristen Motel secured Site Plan Approval from the New Rochelle Planning Board for construction of two 14-story mixed use buildings in the City’s Downtown Overlay Zone. The buildings will contain a total of 285 rental apartments and will be connected by a private pedestrian skybridge spanning Centre Avenue. The redevelopment also includes the remediation of a New York Department of Environmental Conservation Brownfield Cleanup site, where a fully attended valet six-story parking structure will be constructed to accommodate parking for the residential units and retail spaces, as well as providing additional municipal parking.
The New Rochelle Industrial Development Agency (IDA) has endorsed $14 million in proposed tax relief for a $90.5 million apartment complex at Huguenot Street and Centre Avenue.
Huguenot Partners has budgeted $11.4 million for land. That includes more than $6.7 million for city parcels at 327 and 339 Huguenot St., $1.75 million for 33 Centre Street, and $1 million to clean up the Centre property. It will pay $851,340 to the Community Benefit Fund, for the right to build 14-story buildings instead of 12-stories.
The firm is asking for a $600,000 mortgage tax exemption and more than $2 million sales tax exemption during construction. A proposed 20-year property tax abatement would save the developer nearly $11.5 million.
NEW ROCHELLE | 327 & 339 Huguenot Street | 28 FLOORS (Phase I) + 28 FLOORS (Phase 2)
Great news, this project is getting a big upgrade. Out is the plan for the dual 14-story towers and in is the new plan for a Phase 1 28-story tower with a potential Phase 2.
Phase 1 includes a 28-story mixed-use tower located at 339 Huguenot Street and includes additional lots on Centre Avenue.
Includes amenities such as an indoor pool, fitness center, lounge area, and so on
Creates approximately 15 full-time jobs, 2 part-time jobs, and around 300 construction jobs
Phase 2 is an option on the table but only if the city council approves adding more units for the zoning. Currently, there are only enough units in DO-2 to contain this single tower. It seems they are definitely interested in having a second 28-story tower on the opposite lot, which would completely transform this area and be a great addition to the city. The applicant also expressed interest in having a bridge between the two towers at some point, once they get that far.
They hope to be approved for Phase 1 at next month’s Planning Board meeting, and hopefully we get some stunning renderings as well!
I think the problem is WP is the slow process of getting approval. Projects in NR have about an average of 60-90 days when it comes to the approval time. It attracted a lot of developers. But even so, WP has a lot of stuff approved and not much seems to be happening.
Of all the suburban cities in the NY metro with skylines (Stamford, CT; North Brunswick, NJ; White Plains; and N.R.), I think that NR has (or will soon have) the most skyscrapers.
