Embassy Equity Partners tax incentives for 128 North Main Street
Port Chester
Summary
A 250-unit, 8-story building with 25 affordable apartments, ground-floor retail and 125 public parking spaces is moving through the IDA process. The developers are spending about $8.2 million on the public parking portion and paying roughly $3.15 million in mitigation fees. Construction could start early next year and finish by mid-2029.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Last discussed Aug 19, 2026.
Impact analysis
A $166.4 million project with about $8.2 million in public parking investment and over $3 million in village mitigation fees.
Downtown gets new housing, retail, public parking and roughly 17 net new permanent jobs, plus 250 construction jobs.
Ten existing small businesses on the block — mostly Hispanic-owned — will be displaced; only three have expressed interest in returning.
Mentions & discussions (4)
Industrial Development Agency - Aug 19, 2026
The IDA approved a 20-year 'deviation' PILOT plus sales and mortgage tax breaks for a $166M, 250-unit downtown redevelopment with 125 public parking spaces. The debate centered on whether Brownfield tax credits worth potentially $30M+ mean taxpayers should claw back some upside.
Industrial Development Agency - Jul 22, 2026
A $166M, 250-unit project with 125 public parking spaces is seeking IDA assistance. The debate: does it need a special 20-year 'deviation' tax break, and should the public share in an expected $30.7 million state Brownfield tax credit windfall? A public hearing August 13 will let residents weigh in.
Industrial Development Agency - May 13, 2026
A 250-unit, 8-story building with 25 affordable apartments, ground-floor retail and 125 public parking spaces is moving through the IDA process. The developers are spending about $8.2 million on the public parking portion and paying roughly $3.15 million in mitigation fees. Construction could start early next year and finish by mid-2029.
Planning Commission - Jan 7, 2026
A 250-unit building with ground-floor retail and public parking is moving through review. New renderings show brick detailing, balconies, and a restored historic Embassy sign in the lobby. A public hearing is set for January 26.
Related development
Embassy Equity Partners LLC — 128 North Main Street
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.
Embassy Project
This is the village's biggest current project — new housing, retail, and public parking downtown — but floodplain, traffic, and parking-allocation questions remain open.
Salon at 601 North Main Street
A vacant gym space gets a new commercial tenant with no exterior changes — a straightforward reuse the commission was happy to approve.
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