Megalith Capital Management Celebrates Groundbreaking at the Printhouse

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Megalith Capital Management Celebrates Groundbreaking at the Printhouse

August 18, 2017 - 03:54

Megalith Capital Management Celebrates Groundbreaking at the Printhouse

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NEW ROCHELLE, NY -- Today, Megalith Capital Management joined with New Rochelle Mayor Noam Bramson, City Manager Charles Strome III and City Councilman Barry Fertel for a groundbreaking ceremony at The Printhouse – a property to be developed in partnership with East & Hudson as a 6 story, 71-unit mixed-use building featuring studio, one, and two-bedroom rental homes of which seven will be affordable units.

The building - located at 165 Huguenot Street – will also include a rooftop terrace, resident lounge, fitness center, ample parking, and 3,000 square feet of ground-floor retail space.

The Printhouse received financial assistance from the New Rochelle Industrial Development Agency (NRIDA) and is anticipated to generate new employment opportunities and other economic benefits in the downtown area.

“The NRIDA is pleased to have supported this exciting project that was one of the early developments, prior to the downtown rezoning, that helped spur and attract additional developers to invest in New Rochelle” said Deputy Commissioner Ayanna Wayner.

“We are excited to take part in the revitalization of downtown New Rochelle,” said Sam Sidhu, Founder and CEO of Megalith Capital Management. “We believe The Printhouse is uniquely positioned to provide tenants with the amenities of a luxury building at an affordable price with access to New York City in under 30 minutes.”

Mayor Bramson said, “This is another significant step forward for New Rochelle’s ambitious downtown development plan. I congratulate the team and look forward to The Printhouse taking its place in our city.”