In two towers, 11 Lawton, 48 stories, will be both condo and residential and 22 stories, 190 room hotel. The residential will be 596 units: 174 studios (all rental); 215-1 BR (44 condo); 148-2 BR (63 condo); 63-3BR (33 condo); 3-4BR (all condo). 60 apartments will be affordable units. Developer DB Main and Lawton LLC, designer Hill West Architects. The design maintains the historic bank at the corner of Main and Lawton, designed by architect Henry Bacon and constructed in 1906. The bank will become the hotel lobby and contain a bar, lounge and restaurant.
Project Data*
Building
Studios: 174
1BR: 215
2BR: 148
3BR: 63
4BR: 4
Affordable: 60
Total: 596
Parking: 620
Stories: 48
Retail Space: sqft
Occupancy
Students:
School:
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: 1/1/2020
*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