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Yonkers: Rentals proposed for idle building site
RMS Companies has developed luxury apartment complexes like the Moderne at 163 Franklin St. and the Verano at 750 Summer St., both in Stamford.
YONKERS – An abandoned Yonkers construction pit left idle for about 10 years may see renewed activity.
RMS Companies of Stamford, Connecticut, wants to build a 74-unit rental apartment complex at 1073-1077 Warburton Ave., a property that has vexed two previous developers who pulled out or went bankrupt.
Randy Salvatore, RMS Companies chief executive officer, said this week his company has worked on complicated job sites and has the necessary engineering expertise to finish the project. RMS Companies has developed luxury apartment complexes like the Moderne at 163 Franklin St. and the Verano at 750 Summer St., both in Stamford.
The Yonkers Zoning Board of Appeals heard RMS Companies’ presentation Tuesday but took no action on the request for variances related to set-backs and other issues. The hearing is expected to be continued at the board’s Oct. 18 meeting.
City ordinances only require 74 parking spaces, but Salvatore said his project will have 102 parking spaces in an off-street garage.
Councilman Michael Sabatino represents the area and he used to live at 1085 Warburton Ave.
“If you have guests, it’s a nightmare to park,” Sabatino said of the area.
Salvatore said he added parking to the project after meeting with members of the community.
“We want to keep our tenants happy and the neighbors happy,” Salvatore said.
The former Velocity project at the site began around 2004, but an accident, landslides, bankruptcy, foreclosure and lawsuits halted work.
The Velocity was originally called the Millennium Tower, but a retaining wall collapse in 2004 caused then-developer Lalezarian Development Corp. of Long Island to halt construction. REMI Companies eventually bought the stalled project around 2007 and resumed work, but the Great Recession, additional construction mishaps and bankruptcy stalled Velocity again.
With little progress, weather-induced erosion of the land caused the house at 1063 Warburton Ave. to become unstable. The owner of that house, Sheila Bishop, sued Velocity at Greystone in 2008 and in 2011 for being forced from her home.
Westchester County land records show that WCP Velocity LLC acquired Bishop’s house at 1065 Warburton Ave. on Oct. 20 for $500,000.