Three new residential developments bring Peekskill to the forefront of the urban redevelopment trend.
The mixed-use project known as Lofts on Main provides live/work lofts for artists, at below-market prices.
While redevelopment projects in New Rochelle, White Plains, and Yonkers are getting lots of buzz, keep an eye on Peekskill for the next big urban boom. Already packed with popular restaurants and galleries downtown, Peekskill’s waterfront is also hot now, thanks to the city’s ambitious waterfront-trail project and the new dining-and-entertainment complex at the Charles Point Marina.
“[Peekskill is] a happening place — there’s a lot of new activity downtown. Our restaurant-and-bar scene is huge, and we have a lot in the way of art,” says Jean Friedman, Peekskill’s director of planning. “And our waterfront is stupendous.”
Providing a mix of city convenience and up-county comfort, with a unique artistic twist, it’s no surprise that developers have taken notice of Peekskill’s potential. A trio of residential developments are putting the city on the urban-redevelopment map:
Fort Hill at the Abbey: Quickly approaching completion, this three-building project from Ginsburg Development Companies (GDC) will repurpose a historic chapel and former nuns’ quarters into a hotel, spa, inn, and restaurant. Residents of the attached luxury apartment complex will enjoy Hudson River views, discounted access to the restaurant and spa, and a complimentary shuttle to the Metro-North.
GDC’s luxury apartment complex Fort Hill at the Abbey takes the place of a historic chapel and former nuns’ quarters.
Lofts on Main: Complete and preparing for its first tenants, this unique complex contains 75 below-market units, two-thirds of which are designated as live/work lofts for artists. Members of the artistic and literary community will receive preference for those 50 lofts, and the other 25 will be regular rentals. The two residential and mixed-use buildings offer indoor and outdoor communal areas, including an art gallery for artist residents to present their work at no extra cost.
Gateway Condominiums: Another GDC project will bring market-rate townhouses to the foot of Main Street. Newly constructed, affordable townhouses are an unusual find these days, according to Friedman, so these 15 units present a rare housing opportunity.