City Island getting its first new residential development in 15 years

City Island getting its first new residential development in 15 years
The 43-unit development is being developed by Greystone.

The 43-unit development is being developed by Greystone.

Items, including mass cards, are displayed at the National September 11 Memorial Museum at the World Trade Center site on Monday, May 14, 2014. The National September 11 Memorial Museum is committed to honoring the heroes, remember the victims and preserve the history of the 9/11 attacks.
Items, including mass cards, are displayed at the National September 11 Memorial Museum at the World Trade Center site on Monday, May 14, 2014. The National September 11 Memorial Museum is committed to honoring the heroes, remember the victims and preserve the history of the 9/11 attacks. Photo Credit: Karina Cuevas

A 43-unit condo development is slated for the east coast of City Island, to be developed by Greystone. Construction is already underway and sales start this fall.

It will be a gated community with an esplanade along the water with benches and a gazebo.

This is the first large residential development in 15 years on the island.

City Island’s community board District Manager Kenneth Kearns said he is grateful that Greystone was willing to work with the community to plan a good project to make use of the former industrial site.

“They have a good attitude working with the community and the fact that they’ll produce a quality housing site will be welcomed,” Kearns said.

The condo will consist of 21 two-family dwellings, a one single-family home and a clubhouse. It will be located on five acres at 226 Fordham Place. Prices will start at $400,000 for two-bedroom homes and $500,000 for three.

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