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Developer says all eight Beacon BMR units are leased; commercial leasing still marketing
Summary
Applicant for 248 Tyrande reported to council that all eight below-market-rate (BMR) units were leased to county and city residents and move-ins were scheduled; commercial space interest remained limited and would be updated to the council in March.
Jay Blumfeld, representing the applicant for 248 Tyrande, told the Beacon City Council the property’s required below-market-rate (BMR) housing units have been filled and that the applicant met conditions set in a December council resolution.
Blumfeld said the building received a temporary certificate of occupancy in late January and marketing began the next day. “We have actually filled all 8 BMR units as of this past weekend,” he reported, adding that seven of the eight households came from within the City of Beacon and all eight are county residents. He said the signed BMR leases represented eight of the ten initial leases executed for the building and that households were scheduled to move in over the coming weeks.
Blumfeld also said the applicant continues to market the building’s commercial space and that earlier interest in a potential medical tenant appeared less likely at present. He told the council he would provide a written update in March detailing commercial leasing activity and any other outstanding conditions.
Why it matters: The council’s December resolution had set conditions for waiving certain zoning requirements and required an in-person update; the applicant reported compliance with checklist items and tenanting of the BMR units. The commercial tenancy was still being marketed and not resolved.
Provenance: The applicant’s in-person update came during the council workshop; no formal vote occurred.
Sources: Jay Blumfeld, applicant representative; city attorney remarks introducing the update.
