Developer outlines mixed-income plan for Palisade/Cedar lot; designs, parking and funding still in due diligence

Sean Carney of Carney Realty and Development Group presented the firm's response to the village RFQ to redevelop the Palisade/Cedar parking lot and two adjacent Cedar Street parcels into a mixed-income housing project. Carney said the concept includes below-grade parking with a building above it, all-electric systems, exploration of geothermal and solar, level-2 electric-vehicle charging, indoor bike storage and ground-floor commercial space to support downtown businesses. He said the project would include one-, two- and three-bedroom apartments aimed at households across a range of Westchester area median incomes (AMI) from roughly 30% to 115%.

Carney described completed due diligence so far — title work, boundary and topo surveys, a Phase I site assessment and ongoing Phase II work including ground-penetrating radar and borings. He said a traffic and parking study will follow once unit counts and building footprints are more developed. On community engagement, Carney said the team plans both small stakeholder meetings and larger public sessions once design details are available.

Trustees asked about preserving public parking and access. Carney said a traffic consultant (Colliers Engineering) will analyze commuter, commercial and residential peak needs and that the design will explore ways to retain commuter and restaurant parking while distributing residential spaces. Board members urged robust public outreach and said the village will start as the reviewing authority and refer design review to the Planning Board for entitlements. Carney estimated the next available funding round would be in fall 2026 and, if a project receives competitive funding in 2027, closing could follow in 2027.

No formal application or entitlement was filed at the meeting; Carney was invited to return as plans are refined and engagement begins.