New York Construction Report staff writer
Renaissance at Lincoln Park, a $96 million affordable housing development completed in New Rochelle will provide 179 mixed-income apartments and an expanded Boys & Girls Club facility.
The project contractor was NRP Group and Touchstone Builders.
The development includes a 23,400-sq. ft. stand-alone facility for The Boys & Girls Club of New Rochelle and a five-level garage with 356 parking spaces for residents and the community, funded in part with $2 million from HCR’s Community Investment Fund program.
“Delivering The Renaissance at Lincoln Park and this stunning Boys & Girls Club facility to New Rochelle was a true privilege and a unique opportunity to positively impact generations of children and families,” said Jonathan Gertman, senior vice president of development at The NRP Group. “This project stands as a shining example of what happens when excellent public partners come together with the private sector and the community to say ‘yes’ to bold progress.
“We thank the City of New Rochelle, Westchester County, the Interfaith Development Corporation, and particularly New York State Homes and Community Renewal for their unwavering commitment to this endeavor.”
Mentoring and quality education programs will be provided for more than 3,500 children and teens, and includes a gym, basketball court, recording studio, demonstration kitchen, administrative offices, and multiple spaces designed for work and play.
The development is a partnership between The NRP Group, the New Rochelle-based nonprofit Guion Renaissance Housing Development Finance Corporation, and Kensworth Consulting.
Red Stone Equity Partners provided tax credit equity syndication with Bank of New York Mellon as the investor and letter of credit provider.
