Mixed Un-Use

Mixed use developments are reeling in residents, but struggle to attract retailers.

1 minute read

November 22, 2007, 11:00 AM PST

"To optimists in this city in southern Westchester County, huge investments by major developers provide proof that New Rochelle's long-awaited renaissance has begun. They predict that with some 775 units in the two buildings, it is only a matter of time before well-heeled residents pour out of the apartments and onto the streets in search of goods and services."

"Even though the new residents are starting to move in, there are few signs of renewed economic vitality downtown. Vacant commercial spaces - some in new storefronts, others in boarded-up commercial buildings - remain a hard sell, brokers report."

"Even in a former Bloomingdale's department store, which was converted to 60 condominiums several years ago and renamed Davenport Lofts on Main, street-level retail space remains mostly empty, long after the residential units sold out."

FULL STORY: A Faded Downtown Gets Luxury Housing, but Retailers Stay Away

Wednesday, November 21, 2007 in The New York Times

Community / Economic Development Housing New York

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