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: Sold to DSF Group in 2013; City received $1.8 M transaction fee. 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: 2017 Major Industry of Parent: real estate Specific Industry of Parent: real estate Subsidy Value: $6,780,354 Program Name: Industrial Development Agencies Awarding Agency: New Rochelle Industrial Development Agency Type of Subsidy: tax credit/rebate Capital Investment: $150,000,000 Source of Data: (click here) Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.