The sale of the Webb Avenue Multi-Family Residential Project in the Town of Harrison has successfully closed, with David Steinmetz, Michael Zarin and Kate Feinman representing seller RPW Group. Additionally, the team assisted the joint venture between RPW and NRP in obtaining a simultaneous Industrial Development Agency (IDA) closing alongside property acquisition and construction financing.
Zarin & Steinmetz has helped the Webb Avenue Multi-Family Residential Project navigate a meticulous approval process over several years, securing State Environmental Quality Review Act (SEQRA) Approval and a Zoning Text Amendment from the Town of Harrison. This highlights the firm’s expertise in handling complex real estate transactions and regulatory compliance, particularly in the multi-family residential sector.
The project spans across approximately 9.5 acres adjacent to RPW’s 800 Westchester Avenue office building. Emphasizing eco-friendly design and community engagement, it includes the rehabilitation of approximately 2.6 acres of wetlands, riparian buffer and floodplain forest habitats, exceeding regulatory standards for eco-restoration. The project also features a pioneering 20,000 square foot community garden that is accessible to all residents, showcasing a commitment to wellness and inclusivity.
The successful closing of the Webb Avenue project highlights Zarin & Steinmetz’s ability to facilitate IDA closing in tandem with property acquisition and construction financing. This seamless process ensures a smooth transition into the development phase, maintaining momentum and client satisfaction.
