Developers Reveal Completed 249-Unit Passive House Building at 42 West Broad Street in Mount Vernon

New York YIMBY • July 19, 2023

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, the property is designed by Perkins Eastman and comprises 249 market-rate apartments, more than 20,000 square feet of amenities, a parking garage, and high-efficiency mechanicals that significantly limit the structure’s energy use and carbon emissions.

To celebrate the milestone, the project team, which includes an advisory group from J.P. Morgan Global Alternatives, has revealed a first look inside the building, which will soon open for occupancy.



“With 42 Broad we have created a collection of forward-thinking residences that reflect our dedication to sustainable living and represents a truly unique offering in today’s crowded multifamily real estate market,” said Eric Bluestone of The Bluestone Organization. “The upscale building’s combination of sustainable features and vast array of amenities sets it apart from other luxury properties in the area.”

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View inside a penthouse at 42 Broad Street

The mix of units includes studios and one- and two-bedroom residences, all equipped with nine-foot ceiling spans, Energy Star appliances, laundry machines, and hardwood flooring. The penthouse units also include wraparound terraces and 10-foot ceiling spans.

Amenity spaces include a fitness center, a heated pool with shaded pergolas, and a 17th-floor roof deck with outdoor kitchens, dining area, and a fireplace. There is also an upper level lounge with billiards and an entertaining kitchen, co-working spaces and private conference rooms, a library with another fireplace, a courtyard zen garden, and a large community room.

Additional services include a valet attended parking garage, on-site concierge service, electric vehicle charging stations, and bike storage.

Pricing begins at $2,100 for a studio apartment. Leasing launched earlier this month.

Plan for 350-unit 21-story building activated in Mount Vernon

By Westfair Business Journal. • November 7, 2024
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.

World’s Largest Market-Rate Multifamily High-Rise to Achieve Passive House Design Certification

By Real Estate Weekly • July 31, 2023
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.

Interview with Mark Alexander, Principal at Alexander Development Group

By Edwin Warfield | citybiz • July 13, 2023
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.
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