Notes from the March 25, 2025 planning meeting -- 28 story mixed use building located on parcels that face Main Street, Centre Avenue and Leroy Place. Contains 547 apartments, 12,060 square foot retail and 446 parking spaces. Address is 570 Main and 106 Centre.
There are 3 stories below grade for self-park, 1st floor is the lobby and two retail spaces. Floors 2 through 4 are valet parking, which are wrapped with residential units. Next is the amenity floor and residential levels are floors 6 through 28. There is a solarium on the top. Parking access is along Leroy Place.
The base of the building has ivory colored terra cotta tiles and the tower is champagne colored metal and glass. Architect is Fogerty Finger. Developer is Allstate Ventures.
Project Data*
Building
Studios: 133
1BR: 297
2BR: 94
3BR: 23
4BR:
Affordable:
Total: 547
Parking: 446
Stories: 28
Retail Space: 12050 sqft
Occupancy
Students: 23
School: Trinity
Jobs
Permanent FT:
Permanent PT:
Dates
Planning Board Approval:
IDA Approval:
Constr. Start:
Length:
Completion:
Tax Incentives
Full Property Tax: $
PILOT: $
Owner Savings: $
PILOT (yrs):
Mortgage Tax Exemption: $
Fair Share Mitigation: $
Data Last Updated: 4/9/2025
*Data listed here is subject to change. FOIL/FOIA requests are pending to obtain any missing data. Some of these numbers are estimated. Data comes from city documents.
** GLOSSARY TERMS: "As Is" taxes are the taxes of the property before development. Full Property Taxes are the taxes of the property after development. PILOT means Payment in Lieu of Taxes, which is less than full property taxes. Owner savings is the property tax abatement in dollars and as a percent of Full Property Taxes. PILOT length is the number of years that the PILOT is in effect. Fair Share Mitigation (FSM) fees are monies collected by the City from the developer to cover future infrastructure needs. The school system gets approximately 2/3 of the FSM fees.
*** Residents are calculated as follows: Studios = 1, 1BR = 1.5, 2BR = 3, 3BR = 4.5 (NDC formula) Students are calculated as follows: Studios (*0), 1BR (*0.014), 2BR (*0.141), 3BR (*0.213) (NDC formula)
*Data updating and collection is done by volunteers and may contain the occasional error or miscalculation.
** New Rochelle Parking Code including Minimum number of Spaces