YONKERS, NY — May 8, 2019 — The troubled Kimball Theatre site has come back to the Yonkers Industrial Development Agency (YIDA) seeking financial assistance in the form of a Mortgage Recording Tax Exemption for a project now called the “Bronx River Commons”.
The Kimball Theatre las been vacant since a 2004 fire destroyed the property and an adjacent row of storefronts.
The site which has been mired in litigation and is a Brownfield Clean-up site seeks help with the purchase in order to qualify for New York State remediation assistance.
Once the brownfield is cleaned up, “Bronx River Commons” could potentially return to the YIDA for sales tax exemptions or a Payment In Lieu Of Taxes (PILOT).
YIDA Chairman Mayor Mike Spano expressed a concern that the developer had failed to at least reach out to have a discussion with the trade unions on this site seeking tax breaks
The proposed 17 story apartment building situated at 1219 Yonkers Ave. is envisioned for 295 apartments. The site was previously approved for only 220 units. The complex’s parking garages will be built into the structure’s lower levels.
There are two other transit-oriented developments currently under construction that are within a two-block radius of the Mount Vernon West station.
The Stagg Group of Purchase has a 44-unit rental residence at 411 Bronx River Road and the MacQuesten Development has a 189-unit affordable-housing tower at 22 West Street in Mount Vernon next to the Mount Vernon West Station.
Mayor Mike Spano also expressed concerns about potential neighborhood traffic issues that could be negatively impacted by the site by noting that the previous proposals were very different than what was being brought to the IDA at yesterday’s meeting.
Board member Hon. Cecile Singer asked about amenities for the building and if there would be a community meeting room.
The developer’s representative said a business center and gym space were currently in the plans, but would look into the feasibility for a community meeting room space.
The resolution for the “Bronx River Commons” development was tabled so that the developer could reach out to the trade unions, as well as, come back with more information about traffic and the possibility of a community room.