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YoungCraft, a real estate development company with properties in New York, Connecticut, Massachusetts and Florida, held a groundbreaking ceremony on the future site of The Rockwell, a 160,000 plus square foot mixed-use development at 583 North Avenue.
Robert Young and Phil Craft, Principals of YoungCraft, were joined by the Honorable Mayor of New Rochelle, Noam Bramson, City Manager Chuck Strome and other City Officials at the ceremony.
“Today the YoungCraft team embarks on our twelve year mission to rebuild and reimagine this stretch of North Avenue by breaking ground on this impressive development in the geographical center of New Rochelle,” said Robert Young, Partner of YoungCraft. “The Rockwell will be the premiere luxury living development on North Avenue, with 135,000 square feet of residential space and numerous amenities for our residents. Combined with all the benefits that come with living in this great city and this great location—from the award winning schools, to the nearby parks and restaurants, to the easy access to public transportation—it really makes The Rockwell an attractive place to live and backs up our tagline: ‘Part urban, Part Suburban, All Luxury.’ “
Young went on to thank People’s United Bank and Fairfield County Bank for financing the project. “I would like to thank both People’s United Bank and Fairfield County Bank for being a part of the YoungCraft team and believing in New Rochelle’s redevelopment efforts,” Young noted.
“The Rockwell is the most significant new project on the North Avenue corridor in generations. Fully consistent with our ambitious goals for transit-oriented growth, it will have a dramatic positive impact not only on its immediate surroundings, but also on public impressions of our primary north-south artery. I applaud the YoungCraft team for their vision and persistence, and look forward to the completion of this transformative development.”
YoungCraft takes pride in infusing a sense of local history into their projects, with The Rockwell being named for the famous New Rochelle artist, Norman Rockwell. Designed by The Sullivan Architectural Group of Milford, CT, The Rockwell will feature 114 apartments ranging from studios, 1-bedroom, 2-bedroom and 3-bedroom options, all with hi-end appliances, modern furnishings, and custom kitchen and bath. 11 units will qualify for affordable housing. Residents will enjoy a fully landscaped rooftop terrace, a community lounge, and a fitness center. An additional 22,000 square feet will be devoted to ground floor retail, with 13,000 square feet already pre-leased. The site will also include 207 parking spaces for residents and retail customers. The Rockwell is scheduled to be completed in summer 2020.
“We look for projects that make an impact on communities and this is one of them. Having the opportunity to take 700-800 feet of street frontage in the center of a city like New Rochelle is a once-in-a-lifetime opportunity. I look forward to additional projects here in New Rochelle,” said Phil Craft, Partner of YoungCraft.
With the development of The Rockwell, the YoungCraft team continues its strategy of developing high-end, mid-sized residential and mixed-use properties in New York, Connecticut, Massachusetts and Florida. The company anticipates announcing additional projects in the coming year.
The YoungCraft team operates from offices in New Rochelle. Robert Young and Phil Craft have each been in the real estate development, construction and property management business for over thirty years. Their portfolios include a mix of residential, commercial, sports facilities and hospitality projects. For more information about The Rockwell, visit: www.livetherockwell.com