A new all-affordable apartment complex was recently approved for 30 Water Street in Ossining, Westchester County, on the former site of the Village Department of Public Works property. Developer WBP Development LLC received final approval for financial assistance from the Westchester County Industrial Development Agency on August 29. The $94 million project was designed to transform the former industrial site into a fully affordable housing development.
The development will consist of two new buildings with 109 rental apartments in total, serving households with incomes and rents ranging from 30 to 80 percent area median income. The residences include 40 one-bedroom units, 60 two-bedroom units, and nine three-bedroom units.
30 Water Street, via Google Maps
The project will also feature municipal parking, 3,745 square feet of retail space, and 3,968 square feet of community meeting space. A linear park along the Sing Sing Kill greenway, currently in need of environmental remediation, will also be included.
Residents of the property will have access to 2,300 square feet of amenity space, including a roof deck, community areas, a fitness center, and common laundry service.
“We applaud the developer of this innovative project that will transform a former industrial site into an attractively designed, fully affordable housing development,” said Westchester County executive George Latimer. “This is the kind of housing that is critically important for Westchester’s economic vitality.”
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Nice stone.