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New Rochelle, NY
Breaking News
New Rochelle City Council Moves Forward With Ambitious City Yard Relocation
The New Rochelle City Council has unanimously agreed to move forward with the proposed new Public Works Operation Center. City officials announced this week that they have reached the agreement to construct the new Public Works Operations Center - more commonly referred to as City Yard - in the ground level of the busy Home Depot/Costco complex at Nardozzi Place. Under the terms of the agreement, a private developer will construct a 245,000-square-foot commercial structure, then lease 130,000-square-feet at the ground level for city use. Construction is expected to begin later this year. &…
Newburgh, NY
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Financing Round Secured For Nevele Project
The first round of financing has reportedly been completed for the historic Nevele Grand Resort, which was auctioned off last month. The Nevele Resort and ProSport Campus has successfully completed its first round of funding, according to a statement released by the Asia Pacific Investment House out of Singapore, which is the chief financier of the proposed $318 million development at the prominent location. Mortgage lender iStar took back the property for $3.5 million after being the only bidder at an auction for the land that was held last month. It had initially been put up for sale last…
