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From the Mayor: Developer for Kensington Road Condominium to Be Decided December 9 at Village Board Meeting PDF Print Email

Dec. 4, 2013:  After an exhaustive and thorough process, the board of trustees will be ready to make a decision on selection of a developer for the long-approved Kensington Road Condominium Project at the December 9 monthly meeting.

As a refresher, the village sent out a request for proposal (RFP) the week of June 7, 2013. Responses to the RFP were due back to the village by 4:00 pm on September 3, 2013. The announcement of the RFP's availability was publicly broadcast and was followed by publication of the news in various local outlets. The information was also put on the village website. The announcements were sent to a number of developers who had expressed interest in the project going back to 2008 when the WCI Corporation abandoned the development. During the intervening summer weeks, many interested parties interviewed with village staff and the project's architect about the RFP.

With the responses in by the September due date, an expert committee was convened to review submissions, chaired by Deputy Mayor Robert Underhill, trustee point person Guy Longobardo, former trustee Frank Sica, village resident Jay Urstadt, village counsel James Staudt, and Village Administrator Harold Porr.

After careful study of submissions, specific candidates were selected for interviews and an intense review followed both as to the potential developer's financial soundness and the quality of their product. I joined in for the site visits of the finalists.

The RFP was essentially the same document issued in 2003-2004 that required the construction of a residential condominium project of approximately 110,000 square feet creating up to 54 housing units and the inclusion of an underground municipal parking garage with 200 spaces for the exclusive use of the village.

Over a period of two years, the prior developer, who filed Chapter 11 due to a heavy investment in Florida real estate in 2008, obtained all required land use and board approvals for construction of the project. These approvals include an environmental finding statement, a planning board site plan, and a planning board special permit. In addition, agreements were also secured with multiple interested and/or involved third parties, including the New York State Department of Environmental Conservation regarding environmental remediation, MTA/Metro-North relating to access, construction management, drainage and utility issues, the owners of One Pondfield Road modifying an existing easement and providing for relocation of utility lines, United Water replacing a water main, and agreements to protect the property of Christ Church.  In addition, both the former project's architect and project engineering firm have agreed that their drawings and specifications may be used by a new developer. 

All of these pre-approvals, both in terms of time and expenses incurred, have great value to the new developer, making this a truly shovel-ready project.

After extensive market research, the condominiums are designed to attract empty nesters, ideally current residents who want to downsize but still remain in our village. The design schematics provide for formal dining rooms, few bedrooms and many staffing amenities.

In addition to the carefully designed building whose every feature was vetted in the prior comprehensive two-year review process by the village planning board and village staff, the adjoining neighborhood to the project itself will be beautifully landscaped with new sidewalks, curbing, planting, and underground utilities.

Perhaps even most important, approximately 20,000 cubic yards of contaminants will be removed and the property, formerly a power and steam station, gas station, and general industrial site, will be returned to pristine condition.

Proposers provided a bond, letter of credit, or equivalent form of security to insure completion of the environmental remediation and the entire parking facility. So net-net, in the worst case scenario, the village is guaranteed an environmentally clean property and a brand-new parking facility.

The property is not only a visual eyesore in its current condition but has been off the tax rolls for decades. The new high-quality development is conservatively estimated to add $600,000-plus to the village tax coffers, of which 85% would go to the school district.

The bottom line is that a blighted property in the village will be transformed into a show-place, bringing new, quality housing, new tax revenues, and improved public parking facilities to the village. This will be our third attempt to get this project built, but all indications are that this effort will be the one that gets done.

 

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Financial & Legal Services Directory

Accountants

D'Arcangelo & Co., LLP
Certified Public Accountants & Consultants

Partner
Barbara Greene, CPA,CFP

3000 Westchester Ave.
Purchase, NY 10577-2538

914-694-4600
bgreene@darcangelo.com
www.darcangelo.com


Hymes & Associates, CPA, P.C.

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness, and quality.

Listed as one of the 10 largest firms by The Westchester Business Journal, we serve clients throughout the tri-state area. By combining our expertise, experience, and
the energy of our staff, each client receives close, personal and professional attention.

Our high standards, service, and specialized staff spell the difference between our outstanding performance and other firms. We make sure that every client
is served by the expertise of our whole firm.

Hymes & Associates, CPA, P.C.

55 Pondfield Road

Bronxville, NY 10708

914-961-1200

914-961-1715 (Fax)

Website: www.hymescpa.com

info@hymescpa.com

Attorneys

Bertine, Hufnagel, Headley, Zeltner, Drummond & Dohn LLP

Established in 1929, Bertine, Hufnagel is "a general practice law firm, offering clients expertise in both individual and commercial matters." Their broad range of services include the following: Wills, EstatePlanning and Taxation, Probate and Estate Administration, Elder Law, Real Estate (commercial, residential, condominiums and cooperatives), Commercial Law and Transactions, Litigation and Banking Law.

700 White Plains Road
Suite 237
Scarsdale, New York 10583
(914) 472 7700
(914) 472 1946 (fax)
www.bertinehufnagel.com

 


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Griffin, Coogan, Sulzer & Horgan, P.C.

Attorneys and Counselors at Law

Located in Bronxville, New York, Griffin, Coogan, Sulzer & Horgan, P.C. takes great pride in providing our clients with comprehensive, high quality legal services in a responsive manner. The firm concentrates its practice in real estate law with a primary focus on issues relating to real estate tax litigation (also known as tax certiorari), real estate transactions, valuation law, real property taxation and tax planning and real property tax exemption matters throughout New York State.

The firm serves as general counsel for several local cooperatives and represents clients in various issues relating to wills, trusts and estate planning.

51 Pondfield Road
Bronxville, NY 10708
(914) 961-1300
info@gcshlaw.com

www.gcshlaw.com


Suzanne M. Bloomer
Wills, Trusts, Estates and Real Estate

85 Pondfield Road
Bronxville, New York 10708
914-337-0142
smbloomerattorney@msn.com


Nobile, Magarian & DiSalvo LLP

We are hardworking and dedicated attorneys who, combined, have more than 150 years of experience delivering quality legal advice. Our cutting edge is our ability to enter both the conference room and the courtroom with strength. Our law firm provides legal representation and counsel for both individual and business clients on issues related to estate planning and administration, real estate law, litigation, and business lawOur practice areas include: Commercial Litigation, Business Law, Real Estate, Wills, Estate Planning, Trusts, Estate Administration, Living Wills, Health Care Proxies, Powers of Attorney, Not For Profits, and Employment Law.

111 Kraft Avenue

Bronxville, NY 10708

914-337-6300

http://www.nmdlaw.com/


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Veneruso, Curto, Schwartz & Curto, LLP

Veneruso, Curto, Schwartz & Curto is dedicated to providing businesses and individuals with exceptional legal services customized to each client's needs and objectives. Practice areas include litigation, real estate, not for profit, wills and estate planning, land use and zoning, business and corporate, cooperative and condominium and real estate tax assessment litigation.

The Hudson Valley Bank Building

35 East Grassy Sprain Road, Suite 400

Yonkers, New York 10710

914-779-1100

http://www.vcsclaw.com/


 

Peter W. Williamson
Attorney At Law
Trusts & Estates, Elder Law

141 Parkway Road
Bronxville, New York
914-337-3434 (tel)
914-337-3392 (fax)
Pwwilliamson@verizon.net

Financial Services

Aegis Capital
Full Service brokerage firm.  Stocks, bonds and mutual funds.  Specializing in tax free bonds and other income
generating investments.

Steven Ircha
26 Paxton Avenue – 2nd Floor
Bronxville, NY 10708
914-361-1099
janeircha@yahoo.com
www.aegiscap.com


Ameriprise Financial Services, Inc.

You have dreams and goals, and we'll work together to help put them more within reach. As an advisor living and working in your community, I'm available to work with you in a way that meets your needs.

Michael P. Mazzilli, CFP® ChFC®

Private Wealth Advisor

111 Brook Street, 3rd Floor

Scarsdale, NY 10583

(914) 341-1482 ext. 200

www.michaelpmazzilli.com


Capital Preservation Partners, Inc.

Your Wealth Made Easier

Local Registered Investment Advisors Who Have Fiduciary Obligations To You, The Client

When you partner with CPP you join your neighbors. We are located in Westchester County, yet are ready to respond to your needs with our 70 years of combined experience. We are always available to answer your questions and concerns. Unlike giant banks and brokerage firms, you will speak to the same advisor who is thoroughly familiar with your portfolio and life circumstances.

SEC registered – Fee only planners – no commissions or hidden fees

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Offering Comprehensive Wealth Management, Estate & Financial planning

Capital Preservation Partners, Inc.

55 Pondfield Road

Bronxville, NY 10708

914-337-2272

914-961-1715 (Fax)

Website: www.cpp.bz

info@cpp.bz


James Van Metter & Associates

James W. Van Metter, CFP, MBA
Financial Planning & Investment Management
81 Pondfield Road, Suite 4
Bronxville, New York 10708

Call 914-793-1213 or JVM@JimVanMetter.com
www.JimVanMetter.com


MDIC Investment Company
Mutual Funds, Stocks & Bonds, Financial & Estate Planning, Investment & Advisory Services, Life & Health Insurance

Daniel S. Macdonald, Jr.
116 Kraft Avenue, Ste. 8
Bronxville, New York 10708
Call 914-793-4095 or call macdonald@mdicinc.com
www.mdicinc.com

Insurance

Allstate
Auto, Home, Business and Life Insurance

Exclusive Agents:
Debbie M. Stockton
George L. Petronella Jr.

108 Kraft Avenue
Bronxville, New York 10708
914-961-7200
dstockton@allstate.com

http://agent.allstate.com/DSTOCKTON2/Welcome/


John L. Vorbach Company, Inc. Insurance Brokers
Manhattan Media & Technology Center
65 Broadway, 9th Floor
New York, New York 10006
212-294-4900 x 112
cvorbach@vorbach.com
www.vorbach.com


MDIC Investment Company
Mutual Funds, Stocks & Bonds, Financial & Estate Planning, Investment & Advisory Services, Life & Health Insurance

Daniel S. Macdonald, Jr.
116 Kraft Avenue, Ste. 8
Bronxville, New York 10708
macdonald@mdicinc.com
www.mdicinc.com


Palmer-Tanno Agency, Inc.
Independent Insurance Agents since 1948

Greg Tanno
141 Parkway Road, Suite #11
Bronxville, New York 10708
914-793-6603
palmertanno@aol.com


Personal Risk Management Solutions
Focuses solely on personal insurance and
provides unique, customized solutions that save
money and time and create peace of mind.

Linda Graef Jones, Private Client Sales Executive
6 East 43rd Street
New York, New York 10017
914-645-3951
JonesL@thePRMSpromise.com

www.theprmspromise.com


Ranieri Insurance Agency
Auto, Home, Business & Life
Over 50 Years' Experience

Paul D. Ranieri, CPCU
457 Palmer Road
Yonkers, NY
914-376-2560
dcranieri@aol.com


The Rollins Agency, Inc.
Insurance and Risk Management Solutions
Since 1910
800 Westchester Ave. Suite N-311
Rye Brook, NY 10573

914-337-1833
info@rollinsinsurance.com
www.rollinsinsurance.com

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