Cuddy & Feder Partner, Eon S. Nichols, closed on an approximately $140,000,000 City of New Rochelle Industrial Development Agency (IDA) transaction for Mill Creek Residential Trust. Eon obtained from the IDA a Pilot as well as sales and mortgage tax exemption for Mill Creek’s mixed-use development project located at 24 Maple Avenue and 111 Centre Avenue in New Rochelle. The project will consist of eight studios, 202 one-bedroom, and 124 two-bedroom units. Residential use will be located on all floors of the building, and a comprehensive amenity package will also be included that consists of a fitness center, home offices, clubroom, three courtyards, a pedestrian walkway and rooftop lounge.
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Cuddy & Feder LLP proudly serves clients in the areas of real estate; public and private finance (including tax-exempt and taxable bond financing); litigation & appellate practice; land use, zoning & development; telecommunications; energy & environmental; non-profit organizations; and trusts, estates & elder law. Over 45 years, we have established ourselves as the leading law firm serving a vast region that includes Westchester, New York City, Connecticut and the Hudson River Valley. Our foundation is local, and we enjoy enduring relationships with leaders, institutions and decision-makers in the communities we serve.