Oster Properties has revealed a multi-million-dollar plan to redevelop a dying shopping center in Westchester County into a mixed-use complex with residential units, a supermarket, and ground-floor retail shops. The property is located at 335 Downing Drive in Yorktown Heights and will debut as Yorktown Green.
The Town Board is currently in the process of adopting overlay zoning districts within the Yorktown Heights business district including Yorktown Green. The latter was revealed at a Town Board Meeting on Tuesday, January 26.
If approved, the new complex would span approximately 15 acres and will require the demolition of a 90,000-square-foot structure once occupied by Kmart. With the structure removed, developers would then construct a four-story, U-shaped building. Components will include 90 residences, ground-floor retail, and underground parking for residents all surrounding a small park. The entire complex is expected to yield 150 apartments.
“The concept of this is to provide alternatives to empty-nesters or young millennials,” said Oster’s attorney Darius Chafizadeh, who at this time is not able to confirm price points for the planned housing units.
As part of the redevelopment, a new, unspecified supermarket would replace the defunct Food Emporium building at 335 Downing Drive, which has been vacant for nearly a decade.
Oster’s representatives also said that a formal application is in its final stages and would be submitted to the Planning Board within weeks. So far, community leaders and officials have voiced support for Yorktown Green.
“This proposal recognizes the evolving economy that we are facing, especially e-commerce,” said supervisor Matt Slater. “Yorktown Green has languished for too long and I look forward to seeing more details about Oster’s proposal.”
Slater continued that he very much welcomes the development, which in his eyes is another sign of the economic upswing the town is working to accomplish.