Nearly every neighborhood in New York City has had its fair share of ups and downs over the decades. Yesterday's demilitarized zone is today's luxury condo haven. Double-wide strollers wheel down sidewalks where yuppies once feared to tread. This has been the pattern everywhere from the East Village to Hell's Kitchen—and don't even start with Brooklyn—
There are four cities in Southern Westchester: Mount Vernon, New Rochelle, White Plains and Yonkers. Three of these cities have garnered billions of dollars in business investment over the last five years, while Mount Vernon officials continue to settle for ribbon cutting photo-ops for dollar stores and storefront bodegas. Mount Vernon's location is a unique characteristic that we believe warrants business investments. Three Metro North stations and two city subway lines are within walking distance and Mount Vernon does not have an income tax, which is extremely attractive to entrepreneurs.
With the increase in NYC real estate prices throughout the metropolitan area, residential project developers have increasingly started looking at Mount Vernon, and several rental projects are in various stages of development, while others are in the planning and application / permitting pipeline.
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