New Rochelle Proposes Six-Story Mixed-Use Development
What happened
457 NR North LLC is proposing a six-story, mixed-use building at 457 North Ave. in New Rochelle, which is located in the city’s Downtown Overlay Zone 8. The site, which previously housed an outlet of Mavis Discount Tire, was demolished after suffering a partial roof collapse in December 2020. The proposal includes 162 apartments, 175 parking spaces, and retail commercial locations to reactivate the premises fronting North Avenue.
From westfaironline.com
Why it matters
The project aims to introduce significant residential capacity and commercial space to the area. The redesign, which included retail components, was noted as being important to the city and the Department of Development, suggesting a push to revitalize local commerce in New Rochelle.
From westfaironline.com
Who's involved
- New RochelleThe municipality where the proposed mixed-use development is located
- ConnecticutThe state from which the architect of the project is based
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New RochelleSpeculative
New Rochelle might see changes in local housing demand and commercial property values due to the new mixed-use construction.
Keep exploring
The entities involved
-
New Rochelle
city in Westchester County, State of New York, United States, suburb of NYC
Nothing else this week.
-
Connecticut
state of the United States of America