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New Owner Resurrects Dormant Pleasantville Development
http://pleasantville.dailyvoice.com/news/new-owner-resurrects-dormant-pleasantville-development/589871/
PLEASANTVILLE, N.Y. – A ground-floor retail space and two floors of apartments are planned for a vacant structure at 98 Washington Ave., according to documents on file with the village.
Pleasantville planners have been in discussions since March with the new owner of the building, York Funding LLC of Long Island City.
The plans call for 14 apartments on the second and third floors and retail space on the ground floor. The structure originally was designed for a bank on the first floor, office space on the second floor and seven apartments on the top floor, but that development was never completed, and the building has sat vacant. The village condemned the structure in 2011, according to The Examiner News.
York Funding, a real estate investment group, bought the property early this year and intends to develop it.
York Funding’s original proposal was for eight apartments on each of the higher floors, but parking and other issues reduced that to the current proposal for seven apartments per floor. Two of the apartments would be reserved for affordable housing.
Village Building Inspector Robert Hughes said the building never received a certificate of occupancy and will have to meet current building codes as if it were new. He told the Pleasantville Planning Commission in July the walls would have to be opened up to be sure the building is structurally sound, and it may be necessary to strip the building down to the frame and reconstruct it.
The commission has scheduled a public hearing on the project for 8 p.m. Sept. 30 at Village Hall.
“We don’t have lot of opportunities in Pleasantville to look at development in the downtown that involves mixed use, so it’s rather exciting for us to see that there is some out there,” Village Administrator Patricia Dwyer told The Examiner News. “So we’d like to see this project move in the right direction.”
The property is listed for sale on Coldwell Banker's website for $2.3 million. The listing says the owners are seeking village approvals to finish the development.
http://pleasantville.dailyvoice.com/news/new-owner-resurrects-dormant-pleasantville-development/589871/
PLEASANTVILLE, N.Y. – A ground-floor retail space and two floors of apartments are planned for a vacant structure at 98 Washington Ave., according to documents on file with the village.
Pleasantville planners have been in discussions since March with the new owner of the building, York Funding LLC of Long Island City.
The plans call for 14 apartments on the second and third floors and retail space on the ground floor. The structure originally was designed for a bank on the first floor, office space on the second floor and seven apartments on the top floor, but that development was never completed, and the building has sat vacant. The village condemned the structure in 2011, according to The Examiner News.
York Funding, a real estate investment group, bought the property early this year and intends to develop it.
York Funding’s original proposal was for eight apartments on each of the higher floors, but parking and other issues reduced that to the current proposal for seven apartments per floor. Two of the apartments would be reserved for affordable housing.
Village Building Inspector Robert Hughes said the building never received a certificate of occupancy and will have to meet current building codes as if it were new. He told the Pleasantville Planning Commission in July the walls would have to be opened up to be sure the building is structurally sound, and it may be necessary to strip the building down to the frame and reconstruct it.
The commission has scheduled a public hearing on the project for 8 p.m. Sept. 30 at Village Hall.
“We don’t have lot of opportunities in Pleasantville to look at development in the downtown that involves mixed use, so it’s rather exciting for us to see that there is some out there,” Village Administrator Patricia Dwyer told The Examiner News. “So we’d like to see this project move in the right direction.”
The property is listed for sale on Coldwell Banker's website for $2.3 million. The listing says the owners are seeking village approvals to finish the development.