Company: Avalon on the Sound East (Phase II) Parent Company: AvalonBay Communities Subsidy Source: local Location: New York City: New Rochelle Address: 40 Memorial Highway Zip: 10801 Project Description: Acquisition, construction, and equipping of a commercial forprofit rental housing facility, including related parking facilities.Phase II total project cost at time of application was est. at $90M. Actual proj. cost was approx. $150M when built several years later. Year: 2012 Major Industry of Parent: real estate Specific Industry of Parent: real estate Subsidy Value: $8,589,419 Program Name: Industrial Development Agencies Awarding Agency: New Rochelle Industrial Development Agency Type of Subsidy: tax credit/rebate; property tax abatement Wage Data: salary created: 55000; salary retained: 0 Wage Data Type: estimated salary Source of Data: (click here) Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs and wages are estimates. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.