ApprovedOther

41 N. Division Street PILOT redevelopment

Description

The council approved the IDA's PILOT deal to redevelop the historic vacant office building into 22 affordable apartments and a leased public library space, with impact fees and eventual transfer to Childrens Village.

Impact summary

Adds affordable housing and a new library home downtown while unlocking $1.8 million in county infrastructure funding for the city.

Applicant

Name: 41 STREAMLINE LLC
Address: 41 N. Division Street, Peekskill, NY (tax parcel 33.30-1-1)See this on the map

At a glance

Hearings: 1
Public comments: 0
Total mentions: 1

Last vote · Common Council

Approved6–0, unanimous

Last discussed Jun 22, 2026.

Meeting timeline (1)

Jun 22, 2026Approved 6–0

Work Session and Common Council Meeting - Jun 22, 2026

The council approved a PILOT agreement allowing redevelopment of the vacant historic office building into 22 affordable apartments and a library space, with The Children's Village taking ownership at the end of the tax break period.

Related issues (1)

41 North Division Street Redevelopment PILOT

Last discussed Sep 14, 2026

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