Skip to Content
Author: The BCW

Leave a Comment

Developer Eyes Yorktown for Active Adult Community

A major real estate development company announced plans this week for a luxury age-restricted housing development to be built on the site of an empty office complex off Route 6. AMS Acquisitions of New York City presented its concept to the Town Board on Tuesday for 800 East Main Street, the former headquarters of the Blue Book Network. The real estate investment firm’s vision for the 35-acre property includes 200 rental apartments and 50 townhome condominiums with upscale amenities in a park-like setting.

Mark Weingarten, the developers’ attorney, said that a 55-plus upscale community would deliver many benefits to Yorktown, including returning a vacant site to productive use; increased property taxes for the Town and school districts without added school-age children; new construction jobs; a boost to surrounding small businesses that would benefit from the inflow of construction workers and new residents; and the creation of more diverse housing stock for older adults who want to downsize from single-family homes.

The concept for 800 East Main Street would leave 15 acres of the property as open space with two building clusters. One cluster is the ownership townhomes and the other is apartment buildings of various sizes. A clubhouse and other amenities would sit between the two clusters and serve as the center of the complex.

The developer needs a zoning change from the Town Board to proceed with the project, as residential uses are not currently allowed. No formal applications have been filed with the Town. The Town Board took no action in response to the presentation.

After the presentation, Supervisor Matt Slater told the Town Board that he has received several redevelopment proposals from the current owners of 800 East Main Street—and most were undesirable.

“We told the people selling the property—a hedge fund—that we wanted to see it as a high-end, regional attraction,” said Supervisor Slater.

Councilman Ed Lachterman said some Yorktown residents have asked for this type of project. “As the liaison for our Senior Advisory Committee, the availability of having some place they can downsize to has been very, very big for them,” said Lachterman.

AMS Acquisitions has a significant presence in Westchester County, with more than 3,500 luxury residences in various stages of development and more than $1 billion in completed transactions. In Yonkers it has proposed building a mixed-use development on a six-acre site known as Chicken Island.

Similar News Items

More than 450 from business, not-for-profits and government were on hand Tuesday evening for the Business Council of Westchester’s Annual Hall of Fame Awards Dinner. This year’s program, which was held at the Glen Island Harbour Club in New Rochelle, honored business leaders and organizations who have transformed their industries and added to the economic […]

Read Article

Artificial intelligence, or AI, is impacting virtually every industry, offering opportunities to transform business as usual. Understanding the technology and how best to leverage its potential in real estate was the topic of a recent in-depth forum hosted by Fordham University’s School of Professional and Continuing Studies and The Business Council of Westchester. “Revolutionizing Real […]

Read Article

In a big boost for the City of Yonkers, the owners of Ridge Hill held a groundbreaking this week for the launch of a major redevelopment plan. “It’s good to see a company like North American Properties that has the ability to run shopping centers with the success they’ve had in this changing retail market,” […]

Read Article

Become A Member

Join the county’s largest and most influential business organization today.

The Business Council of Westchester is committed to helping businesses market, learn, advocate, and grow. Over 80 events and programs are offered every year, giving our members ample opportunity to connect and meet with businesses representatives in the Westchester community and beyond.
Back to top