“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
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 move effectively keeps congestion pricing tolls in effect through at least June 9.
The project included a rehabilitation of the interior of the original YMCA facility, transforming it into modern apartments.
NYPA will construct the first major commercial office building in Westchester County in nearly a half-century.
According to the unofficial election results from the Westchester County Board of Elections, Jenkins garnered 64% (57,590 votes) to Sculti’s 36% (32,956 votes) with 100% of the votes counted.
The public-private partnership between the City of New Rochelle, State of New York and New York-based development firm Twining Properties will reimagine a former industrial brownfield site along the Long Island Sound.
The new Westchester headquarters positions OLA for continued growth as it remains on a mission to create better, more efficient environments.
Weisz noted that in the past 15 years, the county’s office market has been reduced from 35 million square feet to approximately 26 million square feet.
One of the report’s major findings is that new multifamily housing development has not resulted in spikes in student enrollment in impacted school districts.
Located at 217 Fifth Ave., the project will provide 127 homes, with six affordable homes set aside for households earning 80% of area median income.
Stephanie Manfredi was re-elected President. Manfredi is a Property Manager at Colliers International.
While the goal of protecting tenants is important, the reality is that this law could have far-reaching consequences that hurt housing affordability and discourage real estate investment.
The development is expected to generate $1 million in property taxes, with almost $900,000 of the estimated total for the Yorktown school district.
The $32-million project consists of renovating, improving and maintaining the life plan community, consisting of 222 residential rental units, administrative spaces and the common amenities.
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