WPCNR MAMARONECK AVENUE BEAT. From The Mayor’s Press Press Office. The Mayor’s Executive Officer, George Gretsas, reported today that JPI, the developer of The Jefferson, the 281-unit apartment and retail complex approved for 300 Mamaroneck Avenue that has had construction suspended for about a year, pending additonal financing, closed on that financing May 29.
Gretsas said JPI reported closing on a loan with four banks: Wells Fargo, National Association, National Citibank, and KBC Bank. In addition Gretsas disclosed construction would begin on the site Tuesday, June 3, tomorrow.