In the latest milestone of the Pelham House public/private partnership with the Village of Pelham, the Village Board adopted a Negative Declaration and approved the developer’s request to rezone 3 parcels along Fifth Avenue to the Business District Floating Zone (BDFZ). The rezoned parcels currently contain a dilapidated parking structure and aging fire house, both owned by the Village. Along with placing these parcels into the BDFZ, the Village Board issued site plan and lot merger approval, in connection with a proposal to convert the parcels into a premier mixed-use private development consisting of 127 residential units and approximately 5,000 square feet of street level commercial amenities.
The approvals represent the culmination of a multi-year land use review process in which Z&S served as lead counsel to a joint venture between the Hudson Companies, Excelsior Housing Group, LLC and several other entities. The joint venture – formed under Pelham Green, LLC – has entered into a Land Development Agreement with Pelham to facilitate the mixed-use redevelopment. The Land Development Agreement also lays the groundwork for Pelham Green to build the Village a new municipal Center on a site Pelham Green currently owns across the street from the future location of the mixed-use redevelopment. The new municipal center will contain a new fire house, police station and Village Hall.
Z&S Partners David Cooper and Jacob Amir are working with the Village and Local Development Corporation on preparing the necessary purchase and sale agreements, construction management contracts and other documents carry out the land swap and development projects.