While wages have risen 15.7% in the same time frame, they haven't kept pace with borrowing costs.
In July, inventory saw small gains in some counties, but the market is still tight overall.
The analysis projects substantial traffic growth in the corridor over the next 30 years, due both to proposed development and long-term population trends.
Westside Party Rentals, which is located next door to the Barrie House Coffee building, purchased the property for expansion of its operations.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
If the Town Hall renovation and expansion project moves forward, the town would interview bid respondents in September and October and possibly issue a formal Request for Proposals in November of this year.
BRI officials stated that while the new increases prevent another destructive rent freeze, they once again fall short of what is required to keep up with rising costs.
Located at 23 Bishop W.J. Walls Place, Willow at The Ridgeway will replace three vacant public housing buildings with a new eight-story, all-electric, 100% affordable building with 92 units for seniors.
The office buildings were all built in the 1970s and early 1980s and are currently approximately 50% vacant.
The report warns that if Westchester fails to address its growing housing shortfall, the county could lose between 8,400 to 12,000 jobs annually and $533 million to $742 million in annual earnings.
The Tiki Beach event will feature live music by local band Heard Immunity.
Related Companies and Wynn Resorts announced on Tuesday they had dropped their bid to build a casino on the Western Rail Yards at Hudson Yards.
The Yonkers store will total approximately 114,000 square feet and will feature 19 departments.
The project, which will cost an estimated $750 million, will be financed through a combination of a $500-million Dormitory Authority of the State of New York bond, philanthropy and equity from operating expenses.
Encore was developed by Cappelli Development and built by its affiliate, LRC Construction.
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