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Dec 14, 2019

82 new affordable units are slated for Peekskill. Find out when and where

Editor’s note: We don’t want to leave you hanging. “What’s up with” is designed to update our previous coverage and keep you up-to-date on important projects around the Lower Hudson Valley. 

Project: Eighty-two apartments at 645 Main St., Peekskill, by developer Wilder Balter Partners. They will be for households at 40% to 80% of Westchester County’s median income.

Viewed from Main Street, the building will be three stories. As the site slopes downward behind that, it will be five stories of apartments. Planned are 18 one-bedroom units, 49  two-bedroom units, and 14three-bedroom units.

Amenities include a fitness center and community room.

A 141-space parking garage will be built under the apartments and have charging stations for electric vehicles.

Location: Just under 2 acres, between Main Street and Central Avenue, close to the Metro-North Railroad station.

Latest development:  “We are heading toward a spring construction start,” said William Balter, a principal with Wilder Balter Partners.

The development should be completed two years from spring, he said.

No rents have been set. Balter told the City Council last year the housing could serve household incomes in a range of $42,000 to $96,000 and possibly as low as $28,000.

“I’m excited to be doing this; it’s a great development in the downtown,” Balter said on Wednesday. “It has a lot of amenities … it’s just three blocks from the train.”

The project has all city board approvals. And in August, the Westchester County Board of Legislators approved millions of dollars in financing, through bonds, that will pay for the development’s underground parking garage and associated infrastructure.

Up next: The property, once the location of the Charcoal Table company until it closed in the 1950s, has been vacant and undeveloped since. It is a brownfield site that will be remediated as part of the redevelopment, according to a description on the website of state Department of Environmental Conservation, which is reviewing the site.

“We’re finishing the regulatory process for that,” Balter said, “and all things should be ready for us to start construction by springtime.”

Source:  LowHud.com

 

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