ADG Press

After years of planning and adjustments, the City of Mount Vernon is set to see a major transformation in its downtown area. Manhattan-based Alexander Development Group is moving forward with an ambitious project to build a 21-story mixed-use building at 140 E. Prospect Ave.

42 Broad is a 16-story, energy-efficient luxury high-rise in Mount Vernon’s Fleetwood neighborhood, offering 249 modern residences designed to Passive House standards for sustainable living. Just 30 minutes from Midtown Manhattan, the building features spacious apartments, extensive amenities, and concierge services, providing an upscale living experience comparable to New York City.

Alexander Development Group and The Bluestone Organization have just completed one of the world’s largest Passive House multifamily rental properties at 42 West Broad Street in Mount Vernon, New York. Known simply as 42 Broad

Mark Alexander is a seasoned real estate professional with over 30 years of experience in building attractive and thriving residential and mixed-use communities. Mr. Alexander has developed 3,000 units of housing, 75,000 square feet of neighborhood retail and office space, and numerous gardens and public art installations with a cumulative value of $500 Million Dollars. He is a founding member of Alexander Development Group. Prior to forming Alexander Development Group, Mr. Alexander was a founding member and President of Urban Builders Collaborative LLC (UBC) where he created a development pipeline of 550 apartments and 30,000 square feet of retail and community facility space. Mr. Alexander started his career at Hope Community, Inc. (Hope) in Harlem, where he forged it into a leading not-for-profit community-based developer, with almost 100 staff members, a diverse real estate portfolio, and highly regarded social programs. Mr. Alexander serves on the board of directors of several civic organizations including CIVITAS. He is a past President of ANHD and board member of The New York Housing Conference and Citizens Housing and Planning Council. He has received several honors, including the Citizens Housing and Planning Council’s Community Service Award and Boys and Girls Harbor Salute to Achievement Award. He received his undergraduate degree from New York University and is a graduate of the Not-for-Profit Executive Management Program at Columbia University.

Mount Vernon Mayor Shawyn Patterson-Howard, ArtsWestchester, and the family of hip-hop artist Heavy D joined the development team behind 42 Broad to unveil "Peaceful Journey," a public art installation by Brooklyn-based artist Eto Otitigbe.

In total, the four new developments total approximately $323 million in investment and will add 880 new housing units. All four of the projects have either been approved by the city or are in the approval process and could break ground within a year.

Passive buildings maintain a comfortable interior climate without active heating and cooling systems — that means no more radiators or air-conditioning units for people who live in environments more temperate than New York’s.

Mount Vernon's leaders approved a special permit for the 249 ­unit complex at 42 West Broad St. near the Gramatan Avenue exit of the Cross County Parkway

Looking to tap into the growing demand for transit-oriented development in Westchester County, two New York City developers hope to break ground within a year on an approximately $90 million, 249-unit luxury apartment tower with streetfront retail space in the Fleetwood section of Mount Vernon.