26 Garden Street is a mixed-use, 24 story project with 186 residential, 100% affordable, dwelling units and 57,000 square foot non-residential office. The Westchester Family Court will occupy the office space. In order to accommodate a tight time frame to open the Westchester Family Court an original 14 story design has been superseded by a 5-story structure and an adjacent 24 story structure. There will be 231 parking spaces. The 5-story base will contain parking on floors 1 & 2, two floors of courthouse space and two buffer floors. The 3rd floor will contain 2 court rooms, 3 hearing rooms, judge’s chambers with support staff and a terrace. The 4th floor will contain support staff and a women’s center. The buffer floor(s) were mandated by the city so that the courthouse could operate during the construction of the residential tower. The residential tower is shifted to the back of the parcel along I-95. The buildings will be window wall, two colors of aluminum panels, sun screens, and a setback with a “green roof.” Phase 1 is the 5 story base, phase 2 is the residential tower and phase 3 is a medical or office tenant on the triangular hot dog parcel. (NR Planning meeting 2/25/20.)
- Construction Begins On New Affordable Housing Tower In New Rochelle (8/11/2022)
- Simone Development and Stagg Group Commence Construction on 186 Units of Affordable Housing in New Rochelle (8/8/2022)
- NY Awards $80M In Financing To New Rochelle Affordable Development (8/1/2022)
- New Family Court Location Found In New Rochelle - PATCH (7/16/2019)
- Family Court Will Move to Garden Street (7/16/2019)
- Workforce, luxury development to be steps from New Rochelle train station (11/30/2018)
Retail Space: 3000 sqft
Permanent FT: 37
Permanent PT: 5
Planning Board Approval: 1/28/2020
IDA Approval: 2/20/2020
Constr. Start: 9/1/2019
Length: 50 months
Full Property Tax: $26,022,861
Owner Savings: $21,859,203
PILOT (yrs): 30
Mortgage Tax Exemption: $1700000
Fair Share Mitigation: $
Data Last Updated: 10/10/2020
*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 calculated 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.