North Avenue East is located at 583 North Ave., near Fifth Avenue, New Rochelle developer Robert C. Young. The project is "$60 million, five-story, 151,000-square-foot building with 114 apartments, almost 21,000 square feet of retail space and indoor parking ... He says construction will begin by the early fourth quarter and finish in around 20 months. The Sullivan Architectural Group from Fairfield, Connecticut, and VHB Engineering, Surveying and Landscape Architecture, White Plains, are on the project team." Westfair

Project Data*

Building
Budget: $90,000,000
Studios: 36
1BR: 99
2BR: 44
3BR: 10
Affordable: 19
Total: 189
Parking: 297
Stories: 5
Retail Space: 27997 sqft
Occupancy
Residents: 406
Students: 10
School: Ward

Jobs
Construction: 
Permanent FT: 
Permanent PT: 
Dates
Status: 

Planning Board Approval: 6/27/2017
IDA Approval: 
Constr. Start: 
Length: 0 months
Completion: 
Tax Incentives
"As Is" Tax: $
Full Property Tax: $
PILOT: $4,700,000
Owner Savings: $
PILOT (yrs): 

Mortgage Tax Exemption: $395000
Fair Share Mitigation: $232,709

Data Last Updated: 11/7/2018

*Data listed here is subject to change. FOIL/FOIA requests are pending to obtain any missing data. Some of these numbers are estimated. Data comes from city documents.

** GLOSSARY TERMS: "As Is" taxes are the taxes of the property before development. Full Property Taxes are the taxes of the property after development. PILOT means Payment in Lieu of Taxes, which is less than full property taxes. Owner savings is the property tax abatement in dollars and as a percent of Full Property Taxes. PILOT length is the number of years that the PILOT is in effect. Fair Share Mitigation (FSM) fees are monies collected by the City from the developer to cover future infrastructure needs. The school system gets approximately 2/3 of the FSM fees.

*** Residents are calculated as follows: Studios = 1, 1BR = 1.5, 2BR = 3, 3BR = 4.5 (NDC formula) Students are calculted as follows: Studios (*0), 1BR (*0.014), 2BR (*0.141), 3BR (*0.213) (NDC formula)

*Data updating and collection is done by volunteers and may contain the occasional error or miscalculation.

Progress Gallery

11/4/2018


Huge footprint, real progress

10/21/2018


Photo by red359a

10/21/2018


Photo by red359a

10/21/2018


Photo by red359a

10/5/2018


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9/22/2018


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9/14/2018


9/14/2018


9/7/2018


This project is bigger than you think!

8/19/2018


Clearing continues

8/19/2018


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8/11/2018


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7/20/2018


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1/5/2018


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6/30/2016