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The Business Journals / April 24

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westfaironline.com April 24, 2023

AMS proposes $475M 873-unit project near Yonkers train station BY PETER KATZ Pkatz@westfairinc.com

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MS Acquisitions, the real estate acquisitions and development firm founded in 2012, in a filing by Yonkers BV AMS LLC is expected to go before the Yonkers Planning Board within a few weeks to begin the formal review of site plans for a downtown project. AMS is proposing two 41-story apartment towers at 41 Buena Vista Ave., a short distance south of the Met-

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Rendering of 41 Buena Vista Ave. project as seen from the Hudson River.

Norwalk to receive $1.8 million for Oak Grove housing development BY JUSTIN MCGOWN jmcgown@westfairinc.com

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ov. Ned Lamont gathered with housing officials and elected officials including Norwalk Mayor Harry Rilling in the education center for Norwalk’s Colonial Village public housing development on the morning of April 17 to announce a $1.8 million grant for the construction of 69 new housing units and a new early education center.

Fifty childcare slots are also to be funded at the education center in the new construction, to be called Oak Grove Apartments and Learning Center. Bob Hotaling, the deputy commissioner and chief investment officer of the Department of Economic and Community Development, explained that the grant was part of the Community Investment Fund (CIF). “It includes $175 million each year for five years to uplift towns and cities by providing inclusive growth and opportunity by focusing on unique and target investments,” Hotaling

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Housing development—


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