Developers are interested in this piece of city property slated for development.
By Nancy Peckenham
City of Newburgh officials are beginning to review the six proposals submitted by developers that present their qualifications to re-develop a city-owned block of mid-Broadway. In April, the put out a request for proposals for a mixed commercial/residential development on two-and-a-half acres between Johnston and Lander Streets.
A team of business people and city employees plan to hold its first review meeting on Wednesday, according to city planning director Ed Lynch. The team members include two bankers, a realtor, a real estate professor and the city’s tax assessor and financial advisor, along with its corporation counsel and councilwoman Christine Bello.
They will be look at the six proposals, which range in size from a brief two-page summary to a thick binder showing drawings and photos of a developer’s earlier projects. Several of the proposals include plans to build a supermarket on the ground floor, a resource that many residents have said is needed in the city. Planning director Lynch says he expects that the review committee will focus on a few of the proposals and ask for more details on them in the next round.
The six teams whose proposals are currently under review are:
- 1. CPCR, the for-profit arm of the Community Preservation Co., submitted a proposal with Mill Street Partners of New York City and support from RECAP, the state Regional Economic Community Action Program. The Community Preservation Co. is run by CEO Michael Lapin.
- 2. Kretchmer Companies of Manhattan and POKO Partners of Port Chester. Andrea Kretchmer is the founder of the company that focuses on sustainable, affordable housing. Kenneth Olson is the founder of POKO Partners.
- 3. L&M Development Partners and its local partner, Hudson Valley Property Group. Ron Moelis is the CEO of L&M Development while Andrew Cavaluzzi and Jason Bordainick are co-managers of the Hudson Valley group. The Hudson Valley Property Group is currently seeking to build a four-story commercial and residential building at the corner of Broadway and Liberty Street, a block away from the mid-Broadway site.
- 4. M.A. Development of Carmel, NY, submitted a detailed proposal that included a medical center on private property adjacent to the proposed mid-Broadway site. Joe Henry is the CEO of M.A. Development, which is working with the international design firm of Perkins Eastman.
- 5. Newburgh Commercial Development Corporation, owned by the Vince Cappelletti family, submitted its qualifications, pointing to its redevelopment of the area around 600 Broadway and its renovation of 280 Broadway in the city of Newburgh
- 6. Walison Corporation, a minority-business from the Bronx, which submitted a proposal with architect Body Lawson. Walison’s president is Sabah Rajput.
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