Homes for America Holdings "informally submitted" its revisedplans for Point Street Landing to the Yonkers Community DevelopmentAgency on Wednesday and then made a public presentation at theYonkers Riverfront Library in the evening. Daniel Tartaglia, seniorvice president of development and project manager for Homes forAmerica Holdings, says that the plan has been revised, although thescope of the project pretty much remains the same from the originalplan.

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The project calls for the development of 1,124 housing units infour high-rise buildings and a number of townhouse units. The fourtowers would be 33, 26, 39 and 26 stories tall under thepreliminary plan now before the city. The 2006 plan called for fivetowers of 26, 19, 29, 29 and 25 stories. He says the change intower configuration was done because the original proposal"impinged on view corridors" of the Hudson River. The developerplans to have the buildings in the project designated as Leadershipin Energy and Environmental Design by the US Green BuildingCouncil. The project is designed by Perkins Eastman of New YorkCity.

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"This is the best proposal to get the density we need and tomake the project economically viable," he says. The plan alsoincludes 54,000 sf of office space, 40,000 sf of retail space, 142marina wet slips and 230 marina dry slips and parking for 1,830vehicles. The plan also calls for the designation of about fouracres as accessible public space. The firm has hired Project forPublic Space, a nonprofit New York City-based company that helpscreate and sustain public spaces, to work on the public spacecomponent of the venture. Although not officially part of the openspace facet of the project, a rooftop park on one of the buildingsacross from what will be a new Point Street Bridge is also planned.In addition to the 14 acres of waterfront property, Homes forAmerica Holdings also owns approximately 16 acres underwater.

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Point Street Landing's housing component was originally peggedas strictly condominiums. However, today's market conditions havecaused Homes for America Holdings to take a second look. "Some ofthe work we have done over the past several months was to look atalternatives to condominium development versus rental development,"Tartaglia tells Globest.com. "So we are actually looking at bothbecause there are some lenders that won't look at condominiumdevelopment."

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Tartaglia says that "this is a development attuned to the needsof people, communities, and the environment. We want to ensure thatthe Point Street Landing project is 'smart,' as imaginative andfuture-thinking as possible, and that it meets the needs of theCity of Yonkers and all of its people. That's our vision, pure andsimple."

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A multi-million dollar remediation program at the site, whichbegan in earnest in 2006, is nearing completion. Tartaglia saysthat when the remediation is complete later this year, the costmight exceed the budgeted $30 million. The site contained asbestos,PCBs and underground storage tanks. Tartaglia says that the firmwould like to obtain approvals and financing so that constructioncould begin on the project by perhaps as early as the summer of2009.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.