Croton-on-Hudson development to include 4 affordable units.
In addition, four affordable housing units in the waterfront development will soon be occupied by eligible Croton seniors.
As part of the development of the successful Discovery Cove at Half Moon Bay waterfront residential community, Spectrum has recently completed four affordable housing units.
These one-bedroom homes have been sold to the Croton Housing Network, a not-for-profit organization, which will rent the new homes to qualified Croton resident sand seniors. The sale of the homes to the Corton Housing Network will be completed within the next 30 days.
In addition to providing affordable housing for the Village residents, the Village of Croton-on-Hudson and Spectrum have also worked together to build scenic trails along the Discovery Cove waterfront property. Spectrum recently completed an extension of the Hudson River Walk that extends to Senasqua Park to the north.
Spectrum is also in the process of completing a trail running through Discovery Cove that will link Croton Point Park to Senasqua Park. When completed, this trail will complete the Westchester county trail network that runs from Yonkers to Peeksill.
"We are delighted to be able to contribute to the Village with the construction of this much-needed affordable housing.
We are also proud to play a key role in providing public access to 'the beautiful Hudson River waterfront," said Mitchell C. Hochberg, president and chief executive officer of Spectrum Communities.
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|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Mar 26, 2003|
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