The Business Journals - Week of December 27

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AWARD WINNING EDITORIAL

INCLUDING THE HUDSON VALLEY DECEMBER 27, 2021 VOL. 57, No. 51

westfaironline.com

Westfair's 2021 Persons Of The Year

Nicholas Coriano

William S. Null

Margaret Feeney

Howard Saffan

Susan Fox

Bill Taibe

Wilson Kimball

John Visentin

Greg King

Michael Zarin

t

Waterfront development poised to move forward BY PETER KATZ Pkatz@westfairinc.com

W

hen the New Rochelle City Council on Dec. 14 adopted amendments to the city's Downtown Overlay Zone that included creating a new waterfront overlay zone, it was exactly what developer Twining Properties had been waiting for. Twining was selected by the city to create a 13-acre waterfront development that is to include a rehabilitated and repurposed New Rochelle Armory. The city has issued a Request for Proposals (RFP) designed to select a developer for city-owned land in the waterfront area. Twining envisioned a residential and

retail center with approximately 700 apartments and some 80,000 square feet of retail, plenty of parking, waterfront open space areas and possibly a hotel. It also proposed renovating the long-deteriorated former armory and making it a centerpiece of the project. While Twining was able to move ahead with stabilizing the armory and setting the stage for it to come back to life, moving ahead with final designs for the rest of the endeavor had been slowed by not knowing what would be permitted once revised zoning was finalized. For example, Twining needed to know what building heights would be permitted, what set» WATERFRONT DEVELOPMENT

Evan R. Corsello

Frank J. Gaudio President & CEO

203.302.4375

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Chief Lending Officer

CALL US TODAY

203.302.4003

EXPERT LENDERS  COMMERCIAL & RESIDENTIAL Port Chester – 914.908.5444 500 Westchester Avenue

NMLS # 510513

Cos Cob – 203.629.8400 444 E. Putnam Avenue

Stamford – 203.413.6101 900 Summer Street

» PERSONS OF THE YEAR

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