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NEW CASTLE, NY-The owner of the Reader's Digest property here has officially submitted a revised development plan for its Chappaqua Crossing project after being rebuffed late last year on a larger mixed-use proposal. Geoff Thompson, a spokesman for the developers, says the project is seeking approval on two separate applications at the same time.

One application calls for the New Castle Town Board to rezone approximately 65 acres to permit multihousing development. Another proposal is before the town's Zoning Board of Appeals to remove the municipal regulation that restricts the owners to signing three tenants to a maximum total of 171,000 sf of available office space at the Reader's Digest main building, which includes common areas in the building.

Joint venture partners Summit Development and Greenfield Partners, both of South Norwalk, CT, have reduced the number of age-restricted--age 55 and over--and work force housing residences from 348 units to 278 units. Of the revised total, 222 will be senior-restricted units; 32 will be affordable work force housing units earmarked for municipal employees and emergency service volunteers and 24 units will be age-restricted affordable residences. A total of 234 units will be single-floor condominium apartments to be constructed in eight three-story buildings with 44 townhomes built in clusters of 10 and 12 units.