4 | TOKYO TENANT JUNE 5, 2017 | VOL. 53, No. 23
9 | DOORS OPEN
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Ginsburg to break ground in Peekskill FORT HILL PROJECT TO INCLUDE HOTEL AND APARTMENTS BY ALEESIA FORNI aforni@westfairinc.com
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sprawling, $64.5 million mixed-use development will soon break ground on the site of a former convent and Revolutionary War lookout in Peekskill. Ginsburg Development Cos. is preparing to put shovels in the ground at Fort Hill, a planned development overlooking the Hudson River that will include rental apartments, a hotel and a restaurant.
Signs for our digital times SEE PAGE 2
This LED wall display at the Westfield World Trade Center was designed and is operated by ANC, a 20-year-old company based in Purchase. Jerry Cifarelli, inset, is ANC’s co-founder and president and CEO.
» PEEKSKILL, page 6
Developers fund New Rochelle job center BY BILL HELTZEL bheltzel@westfairinc.com
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chunk of money from New Rochelle developers is being used to find jobs for hard-to-employ
residents. City officials held a ribboncutting ceremony on May 26 for the First Source Referral Center, a one-stop job training and placement office at 247 North Ave.
The jobs center is funded by developers who kick money into a community benefits fund for the right to build higher than the zoning allows. “Economic development can shape the fabric of a community,” Mayor Noam Bramson said at the event. “Even more importantly, it can change lives.” New Rochelle hopes to attract more than $4 billion in investments and create thousands of
TWB Loan Decision Banner Ad 6” w x 1.5” h 2-23-16 construction jobs to develop 12 million square feet of offices, residents and retail space in 10 years. The city’s economy, overall, is strong. The unemployment rate in 2015 averaged 4.9 percent, according to the American Community Survey, compared with 5.3 percent nationally and statewide. But the economy was not necessarily robust everywhere in the city. An estimated 7.7 percent of families lived below poverty level,
and among residents under age 18 the poverty rate was 16.2 percent. “Unemployment and underemployment are high in pockets,” said New Rochelle Councilman Jared R. Rice, a Democrat representing District 3 on the city council. “The beauty of this jobs center is that it’s connected to the downtown development and investments.” The jobs center has a $285,000 one-year budget, said Ayanna C.
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Wayner, the city’s deputy commissioner for economic development. RDRXX, a partnership of RXR Realty and Renaissance Downtowns, donated the office space. The city is partnering with Westhab, a county social services program, and STRIVE, a national job training program based in Harlem. The goal is to train 100 people. » JOBS, page 6
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