Phase 2 of 14 LeCount (the Stella) is a two-phase project called 10 LeCount. This building is at 455 Main Street and will be a 27-story structure with 173 rental apartments. This building and The Stella will share a podium. In 10 LeCount there will be indoor and outdoor amenity space, including a 5th floor outdoor space, fitness rooms and lounge. There will be 6,500 square feet of retail. The parcels were a brownfield cleanup site. Developer: L&M Development Partners; Civil: Insite Engineering; Architect: Beyer Blinder Belle Architects & Planners LLC; Structural: DeSimone Consulting Engineers, PLCC; MEP Engineer: Cosentini Associates
Zone: D0-2
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Project Data*
Building
Studios:
1BR:
2BR:
3BR:
4BR:
Affordable:
Total:
Parking:
Stories:
Retail Space: sqft
Occupancy
Students:
School: Trinity
Jobs
Permanent FT:
Permanent PT:
Dates
Planning Board Approval:
IDA Approval:
Constr. Start:
Length:
Completion:
Tax Incentives
Full Property Tax: $
PILOT: $
Owner Savings: $
PILOT (yrs):
Mortgage Tax Exemption: $
Fair Share Mitigation: $
Data Last Updated: 11/3/2020
*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.
** New Rochelle Parking Code including Minimum number of Spaces