MOUNT VERNON | 42 Broad Street West | 236ft | 72m | 16 fl | Prep - SkyscraperCity
 

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Old December 23rd, 2015, 08:39 AM   #1
Hudson11
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MOUNT VERNON | 42 Broad Street West | 236ft | 72m | 16 fl | Prep

MV Daily Voice: Mount Vernon To Break Ground On $85M West Broad Street Development

Quote:
[...]
On Tuesday, Dec. 29, on the corner of Fleetwood Avenue and West Broad Street, developers will team with local elected officials for a groundbreaking ceremony for the much-maligned and oft-discussed project.
Nearly one year ago, officials approved a special permit allowing the Alexander Development Group and its partner, the Bluestone Organization, to begin renovating the retail building and parking garage into a 249-unit apartment complex complete with approximately 15,000-square-feet of commercial space near the Metro-North station.
[...]
the height figure is from a diagram on this pdf: http://www.masseyknakal.com/listingi...teet_setup.pdf

rendering: http://www.bluestoneorg.com/42-broad-street-west/

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Old December 23rd, 2015, 02:03 PM   #2
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This one will be very easy to watch progress; its adjacent to the Cross County Parkway in clear view.
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Old December 30th, 2015, 08:20 PM   #3
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Groundbreaking of Sixteen-Story Tower Represents City's First Luxury Rental Development in 40 Years

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MOUNT VERNON, NY - International design and architecture firm Perkins Eastman celebrated the groundbreaking of 42 Broad Street West, the new 16-story luxury residential and commercial development in the heart of Mount Vernon’s downtown Fleetwood business district.

Located on the corner of Broad Street W and Fleetwood Avenue, the new building will feature 16,000 sf of storefront retail space, 205,000 sf of residential space (249 apartments), and amenities including a new courtyard with pool on the second floor, private terraces, and a landscaped roof.

42 Broad is Mount Vernon’s first planned luxury development to be erected in over four decades, and will enable the community to further capitalize on its transition into a pedestrian-friendly city of regional commerce.
[...]
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Old February 21st, 2016, 03:20 AM   #4
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in a bit of legal trouble: http://www.lohud.com/story/news/loca...oval/80563602/

Quote:
[...]
The lawsuit claims that the City Council’s approval of the transfer of the garage to Alexander Development Group required a super-majority four-fifths vote under the City Charter.

On Sept. 23 the council voted 3-2 in favor of the transfer resolution but it was marked as not passing, according to the plaintiffs. The transfer resolution went before the City Council again on Oct. 14 and it was adopted by a 3-1 vote which once again failed to satisfy the super-majority requirement of the City Charter, the legal papers argued.
[...]
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Old December 14th, 2017, 07:11 PM   #5
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financing news

https://therealdeal.com/2017/12/13/w...-for-12m-more/

Quote:
Broad Street tower in Mount Vernon scores $59M in construction financing
The joint venture behind a 16-story tower being built at 42 Broad Street in Mount Vernon has secured a $59 million loan for construction. Partners the Alexander Developer Group, the Bluestone Organization and JP Morgan Asset Management were advised by Cole Schotz in securing the financing from Santander Bank and People’s United Bank, according to a press release about the transaction. The completed building will have 249 apartments, first floor retail space and a four-story parking garage.
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Old December 15th, 2017, 01:45 PM   #6
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Originally Posted by Hudson11 View Post
Its about time there has been some movement on this one.
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Old January 13th, 2018, 12:11 AM   #7
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Demo has begun.

https://www.lohud.com/story/news/loc...er/1027902001/
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