SCARSDALE, N.Y. (Nov. 23, 2022) – The Village of Port Chester, N.Y., has approved a site-plan application for a 12-story, 185-unit apartment building at 208-216 King St., a pedestrian-friendly location convenient to downtown and steps away from Metro-North suburban trains, major bus stops and highways.
The property is within Port Chester’s Opportunity Zone, which provides benefits that include waiver of capital gains taxes. The approval includes certification that there will be no adverse environmental impact from construction.
“We are pleased that the Village has approved this application to build an attractive, luxury multifamily destination in an area where housing demand far outstrips supply,” said commercial real estate broker Rajeev Chennattu, who operates applicant Regency Port Chester JV LLC. “Westchester County is known for its growth and economic success, and this project will contribute to the community’s flourishing quality of life.”
Chennattu said Port Chester’s approval has been eagerly awaited since October 2021. He said he will be seeking a development partner to take over or co-develop the project.
Apartments will range from studios to three-bedroom units. Tenants will have access to 13,087 square feet of luxury amenities, which include a top-floor clubroom/lounge, co-working area, fitness area, yoga room, conference center and dog run, in addition to a rooftop amenity deck and pool. The development, on a little more than half an acre, will include 221,000 square feet, 152 vehicle parking spaces and 47 interior parking spaces for bicycles. Nineteen units will be available as affordable housing.
Project team members include attorney Anthony B. Gioffre III of Cuddy & Feder LLP, architect Stuart A. Johnson, AIA, of Minno & Wasko Architects and Planners, and Bonnie VonOhlsen, AICP RLA, of Kimley-Horn Engineering and Landscape Architecture.
Regency Port Chester JV LLC is affiliated with Regency Commercial Real Estate, based in Scarsdale.
Learn more at RegencyRealtyOnline.com.