(Read more on the multifamily market.)
YONKERS-Joining the list of developers looking to build projects here is AvalonBay Communities. Mark Forlenza, VP of AvalonBay Communities, says the firm has filed a preliminary site plan for a rental apartment community totaling approximately 450 units.
The project is located on approximately 20 acres of land owned by the County of Westchester Industrial Development Agency. Forlenza says that Avalon is subleasing the property from Morris Cos. of Rutherford, NJ, which developed the Stew Leonard's and Costco stores nearby.
Forlenza says Avalon has filed a zone change application with the city. The site is currently zoned for industrial. "We have a long way to go," he says, noting the property will have to be rezoned and then the plan will have to undergo environmental and site plan review before construction could begin.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
