County Executive Robert P. Astorino announced that Westchester’s Industrial Development Agency (IDA) has approved support for two rental apartment projects in Ossining and White Plains with a total private investment of $57.6 million.
The two developments will create approximately 430 construction and permanent jobs.
“We are pleased to provide incentives through the IDA for these two projects, one in Ossining, one in downtown White Plains, that will provide both affordable housing and market rate rentals,” said Astorino. “Each involves renovating existing properties, which creates construction jobs and enhances the neighborhoods where they are located.”
Located on Snowden Avenue in the Village of Ossining, Snowden House Apartments is a $42 million project in which a 37-year old, eight-story apartment building is being acquired and renovated into 124 affordable Section 8 rental apartments.
The renovations will incorporate energy-efficient upgrades, including appliances, as well as low-flow toilets and showerheads. There will also be new controls for the central boilers and energy-efficient lighting upgrades, including exterior light timers throughout the property.
The project is anticipated to be completed in summer 2017. The project developer is Standard Property Company, Inc. of New York City.
The developer of Norben Lofts is converting a 48,000 s/f vacant industrial building at 121 Westmoreland Avenue s into 65 market rate rental apartments targeted to young professionals.
The story-story building will have 42 studios, 18 one-bedroom units and five two-bedroom units. Construction is expected to be completed in approximately one year. The building’s façade will be restored. The $15.6 million project is expected to create 300 construction jobs and six permanent jobs.
The developer is Norben Lofts LLC of Suffern