At 11 Garden St. RXR intends to build a mixed-use development in which all 219 units would be affordable. Bramson said the idea would be to provide housing for people to work in the area and still have access to transit and amenities close to home. Luiz Aragon, New Rochelle's planning commissioner, said RXR would probably start construction at 11 Garden St. in fall 2019, with completion about 18 months after that. (Lohud)
Retail Space: sqft
Planning Board Approval:
Full Property Tax: $
Owner Savings: $
Mortgage Tax Exemption: $
Fair Share Mitigation: $
Data Last Updated:
*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.