Embassy Equity Partners LLC — 128 North Main Street
Port Chester
Description
A $166M, eight-story, 375,000-square-foot project with 250 apartments (10% affordable at 60% AMI) and 125 public parking spaces, seeking IDA sales tax, mortgage tax and PILOT assistance. The board set an August 13 public hearing weighing both a standard 20-year PILOT and a 20-year deviation PILOT.
Impact summary
Fifteen commercial spaces and eight residential units are affected; three businesses want to return and relocation help is being arranged, but nothing is yet in writing.
Applicant
- Name
- Embassy Equity Partners LLC
- Address
- 128 North Main Street, Port Chester, NYSee this on the map
At a glance
- Hearings
- 10
- Public comments
- 0
- Total mentions
- 10
Last vote · Industrial Development Agency
Last discussed Aug 19, 2026.
Meeting timeline (10)
Industrial Development Agency - Aug 19, 2026
A $166M, eight-story redevelopment with 250 apartments, retail, and 375 parking spaces (125 public). The IDA approved the Project Authorizing Resolution with the Section 7 Deviation PILOT after weeks of due diligence.
Industrial Development Agency - Jul 22, 2026
A $166M, eight-story, 375,000-square-foot project with 250 apartments (10% affordable at 60% AMI) and 125 public parking spaces, seeking IDA sales tax, mortgage tax and PILOT assistance. The board set an August 13 public hearing weighing both a standard 20-year PILOT and a 20-year deviation PILOT.
Industrial Development Agency - Jul 8, 2026
Due diligence on this roughly $166 million project is running late — a special meeting was set for July 22 to finish the review before any public hearing or vote.
Industrial Development Agency - Jun 10, 2026
The application is in due diligence with Grow America; the assessor set a proposed $72 million assessment, and recommendations should reach the board in July.
Planning Commission - May 27, 2026
An 8-story mixed-use building with 234 apartments and 245 parking spaces got its environmental sign-off and site plan approval, with tenant-relocation commitments and an MOU addendum on fair-share mitigation fees baked in as conditions.
Board of Trustees - May 18, 2026
A 15-unit residential mixed-use project on a tiny vacant lot next to Porton Main got a one-year retroactive extension (to April 25, 2027) to secure its building permit. Trustees demanded the owner clean up the graffiti-covered lot and be a better neighbor.
Industrial Development Agency - May 13, 2026
An 8-story, 250-unit building with 25 affordable units, retail, and 125 public parking spaces. The IDA accepted the application and started its review clock; final approval awaits Planning Commission sign-off and the floodplain map revision.
Planning Commission - Apr 27, 2026
Mixed-use redevelopment still working through FEMA floodplain mapping, sewer flow monitoring, SHPO resolution (received), and tenant displacement commitments; staff directed to draft the NEG DEC and approval documents.
Industrial Development Agency - Apr 8, 2026
The Embassy team expects Planning Commission approvals and could submit an IDA application as early as May; there are outstanding SEQRA issues including commercial displacement.
Planning Commission - Mar 30, 2026
Eight-story, 250-unit mixed-use project with 80,700 square feet of retail and 125 public parking spaces; public hearing opened and continued to April 27.
Related issues (4)
Embassy Equity Partners tax incentives for 128 North Main Street
Last discussed Aug 19, 2026
Job creation compliance at 16-18 North Main Street
Last discussed Jun 10, 2026
Brownfield tax credits and public clawback question
Last discussed Jul 22, 2026
Embassy Project redevelopment of North Main Street
Last discussed Mar 30, 2026
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