Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Two 55+ Housing Projects Proposed By Toll Brothers, AMS in Yorktown
YORKTOWN—The Town of Yorktown reports that two developers—Toll Brothers and AMS Acquisitions—have submitted zoning requests that would allow their respective 55+ housing developments to proceed to construction.
Toll Brothers, Inc. is seeking zoning changes at 2448 Catherine St. to permit a 118-unit townhouse community for active adults over 55, mostly on undeveloped land next to the Field Home.
AMS Acquisitions is proposing 200 rental apartments and 50 townhome condominiums for active adults aged over 55 at 800 East Main St.
The two proposals follow a string of successful redevelopment projects in Yorktown, including the opening of a new Uncle Giuseppe’s Market at the Yorktown Green shopping center; the conversion of a former Toys R Us into a self-storage facility; the conversion of a former Verizon building into a Nestle Waters distribution center; and the conversion of an empty car dealership into an electric school bus dealership, town officials noted.
“For the past three years, the Town Board has been laser-focused on delivering economic vitality to Yorktown. We have strong interest from developers who are responding to the significant work that we have done to promote our community’s assets and desirability,” said Supervisor Matt Slater.
In its November 15 petition, a representative of Toll Brothers argued that there is a need for housing that targets empty-nester adults who no longer need single-family homes, but who still want to remain in the community. Toll Brothers is asking town officials to change the Field Home’s zoning to permit 55+ residential development.
“As the town recognized in its 2010 Comprehensive Plan, the portion of the community continues to grow in size, and thus, there is an important need to diversify housing options in Yorktown for seniors,” wrote Toll Brothers’ attorney David J. Cooper.
AMS Acquisitions requests a similar change for the former Blue Book Network complex. The developer’s attorney has argued that the empty office complex—just like many vacant or partially occupied office parks in Westchester County—needs repurposing in a very weak office market.
Town officials will now begin reviewing the zoning petitions. The review process can take months, and the Town Board must hold public hearings before making any zoning-change decision.