Developer Elk Homes recently unveiled plans to construct a new condominium residence in the village of Larchmont, Westchester. This comes in response to the local government’s encouragement of developers to invest in large-scale, mixed-use projects in the central business district.
Designed by Perkins Eastman, the project was announced as Centro Larchmont and will replace several existing commercial buildings located at 112 Chatsworth Avenue and 65 Wendt Avenue.
The 26-unit building will contain 23 market-rate and three affordable condominium residences ranging from 900 to 3,500 square feet, 5,000 square feet of retail area, and parking accommodations for up to 82 vehicles.
“Centro Larchmont is a bold step in the revitalization of the village’s central business district,” said Gary D. Hirsch, chairman of Elk Homes. “The project offers many benefits to the community with increased tax revenue for the schools and village, additional parking for the village, and much-needed modern retail stores—and all with minimal impact on municipal services.”
When in full operation, the Centro Larchmont is expected to generate over $4 million in additional tax revenue for the village. Approximately 60 percent of that revenue will be channeled into local school system. Elk Homes will also provide and maintain a new ten-foot-wide accessible pedestrian walkway from the parking lot to Chatsworth Avenue, making direct access to Chatsworth easier for shoppers and residents.