Wilder Balter Partners,...
Transcript of Wilder Balter Partners,...
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Wilder Balter Partners, Inc.
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Wilder Balter Partnerswww.wbhomes.com
• Cross Creek, Cortlandt Manor
• Stone Creek, New Castle
• Jacobs Hill, Cortlandt Manor
• Bridleside Apartments, North Salem
• Roundtop Commons, Montrose
• Pinebrook Condominium, Larchmont
• Hearthstone, Goshen
• Hemlock Ridge, Livingston Manor
• Heritage Pointe, Staatsburg
• Hillcrest Commons, Carmel
• Livingston Arms, Poughkeepsie
• Stone Hill, Washingtonville
Hudson Valley Affordable Communities
• Woodcrest Estates, Port Jefferson
• Stonecrest, Brewster
• Hughson Commons, Carmel
Hudson Valley Communities / Affordable component
• Westwind, Croton-on-Hudson
• Woodcrest at Leonard Park, Mt Kisco
• Quarry Pond, Philipstown
• Chappaqua Crossing Apartments
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Stone CreekNew Castle
Completed in 1995
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Stone Creek
Berenson Decision Site – Decision helped ease the regional housing crisis by forcing towns to include provisions for moderately priced units in zoning laws; mandated that towns had to consider regional housing needs and provide for a “balanced and integrated” community by including MF housing
26 two family homes for households with incomes at or below 80% of AMI
Homes sold for an average of $160,000 for the two family home (including the income producing apartment)
The 26 apartments all have 1 bedroom and rents and incomes were based on 60% of AMI
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Woodcrest at Leonard ParkMount Kisco
Completed in 2006
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Woodcrest at Leonard Park
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Woodcrest at Leonard Park
124 units on 25 acres– 90 affordable and moderately priced senior
condominiums - achieved affordability component through higher density than zoning compliant single family homes
• 66 one & two bedroom condominiums sold for
$171,000 and $211,000 – 80% of AMI – no subsidies
• 24 two bedroom moderate income condominium
units sold for $276,000 – no subsidies
• 34 luxury semi-attached homes in Glassbury Court
section sold for an average of $900,000
• Westchester Land Trust has a conservation easement
of the 8 acres in the middle of the site
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Jacobs HillCortlandt Manor
Completed in 2007
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Jacobs Hill
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Jacobs Hill• 35 acres property located in Town of Cortlandt
• 160 senior units
– Site was zoned for 45 single family homes. Worked with Town to obtain Special Permit to allow for 161 Moderate and Affordable homes with shared Clubhouse, open space
– 102 unit rental community (plus a super’s unit) at 50% to 60% of AMI
– 58 unit condominium community at 80% AMI
– 50% of the property was preserved as open space
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Quarry PondPhilipstown, NY - Putnam County
Completed 2015
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Quarry Pond – Workforce Homes
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Quarry Pond
• 90 homes on 80 acres
– 10 “Workforce” priced, LEED Certified homes sold for $285,000 at 150% of AMI – with no grants
– 80 active adult semi-attached LEED certified homes
– 40 acre park built and given to Philipstownas a town park
– Former gravel min zoned for Single Family; worked with Town to rezone property to allow for combination of Workforce and Active Adult housing
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Roundtop CommonsMontrose
(FAAH Development)
Completed in 2012
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Roundtop Commons
• Developed Roundtop as a result of the Triglia Decision
• 92 one and two bedroom Fair and Affordable rental apartments under Westchester County settlement
• Rents and incomes based on 50% and 60% of AMI
• 15 apartments had priority lottery for Veterans
• 8 apartments had priority lottery for Town Workforce
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Bridleside Apartments
North Salem
(FAAH Development)
Completed in 2012
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Bridleside Apartments
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Bridleside Apartments
• Continental Builder’s Decision – forced creation of MF zoned sites
• 65 one, two and three bedroom Fair and Affordable apartments that met FAAH requirements of Westchester County settlement
• Rents and incomes based on 50% and 60% of AMI
• Public Private Partnership resulted in Win-Win– 65 Fair and Affordable Apartments
– New Town Highway Garage adjacent to Bridleside
– Renovated Former Highway Garage into Municipal Building for Police and Town Court
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Pinebrook CondominiumLarchmont
(FAAH Development)
Completed in 2016
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Pinebrook Condominium
• 51 Fair and Affordable Condominium homes under Westchester County settlement
• Built under the NYS Brownfield Clean-up Program
• Available to households at up to 80% of the County AMI
• Sale Prices ranges from $155,000 to $241,000
• Satisfied the village’s obligation to pursue 35 units of workforce housing as part of a $2.55 million grant the village received for improvements to Flint Park
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Chappaqua CrossingChappaqua NY
(FAAH Development)
Under Construction
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Chappaqua Crossing
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Chappaqua Crossing
• Adaptive re-use of the iconic former Reader’s Digest building totaling 64 apartments – 25 Market-rate, 10 Town Workforce and 28 Fair and Affordable (and 1 super’s unit)
• 28 Affordable are part of the Westchester County settlement / Rents and incomes based on 40% and 60% of AMI
• Worked with the Town to change this from 28 FAAH apartments in two of the four levels of the building to 64 mixed income apartments spread throughout the whole building
• Town expedited the approval from 28 to 64 apartments.
• Development is part of larger 117 acre development that will include Whole Foods, Lifetime Fitness, other retail, 400,000 SF of office space, 91 townhomes and walking trails.
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Moving ForwardWhat Techniques Have Worked In Our Developments?
Developing in areas where legal decisions have created a requirement or mandate for multifamily / affordable housing
Requiring a % of developments to be affordable or to provide a parcel of land for affordable housing
Offering density bonuses for developments that incorporate a % of affordable housing
Creating overlay districts that allow denser developments than the underlying zoning would otherwise allow
Work with the Town to create a win-win for both parties
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Wilder Balter Partners, Inc.