Real Estate Development Division With over twenty years of experience in real estate investing and development, Pirro Group's Real Estate Development team has built an extensive network of Relationships that Work. These contacts provide Pirro Group an ability to help clients get their development projects done on time and on budget. In addition, these relationships are resources to improve zoning and planning decisions, obtain funding, provide high quality construction and meet all your development needs. Utilizing expertise from all Pirro Group teams, client opportunities are analyzed for possible government economic development incentives, market feasibility, construction costs, and risk based profitability. This risk based analysis minimizes costly surprises that can appear later to protect client's investment and maintain an acceptable profitability. Pirro Group has successfully assisted in the development of a variety of projects, large and small, from large-scale commercial and residential development projects to local affordable housing. Some of these projects were: Commercial Development The Westchester Mall Home Depot in Port Chester White Plains, Mamaroneck Avenue Medical Center Yonkers Waterfront Redevelopment Residential Development 36 Unit Affordable Housing project in Mount Vernon 200 Unit Residential Complex in Pennsylvania Luxury homes in Rye New York 306 unit subdivision, Harrison, NY 244 acre development, Lewisboro, NY 182 unit condominium, White Plains, NY Land Use Representation The Pirro Group and its principles have represented numerous Office, Retail and Commercial Developers throughout Westchester, Rockland, and Putnam Counties as well as New York City and its boroughs. Their expertise has insured successful navigation of the sometimes complex process of obtaining required approvals for construction and development in a timely fashion. In addition, the firm has represented other clients in significant retail leasing transactions across the country. Some examples: The Trump Organization, Briarcliff Manor, NY Forest City Ratner Corp, Ridge Hill, Yonkers, NY Morris Brothers, retail complex, Yonkers, NY Home Depot USA, various locations, U.S. Development Financing The firm has consulted numerous clients from within and outside New York State who have sought to relocate and/or expand their business in Westchester County. Members of the firm are experienced with the available New York State economic development programs, their funding capacities and qualifying requirements (Job Development Authority, Urban Development Corporation, Empire State Economic Development Corporation, and Regional Economic Development grants). Financing through local quasi-governmental agencies, such as IDAs, is an area of expertise. Clients appreciate their expertise in these complex transactions because Pirro Group can expedite the approval process and assure compliance with statutory and regulatory requirements. In addition, working in conjunction with private bond financing and capital markets, as well as public agencies and departments, the firm has been successful in structuring capital development packages that combine private financing, public financing, economic development incentives, such as power utility discounts, interest rate subsidies, tax abatements (through IDA bond financing or non-monetary transactions), and, in certain cases, outright grants from Federal sources and the Empire State Development Corporation. For example: Fashion Mall Partners; issuance $159M WCIDA bonds Cultor Food Science; capital grant, sales tax exemption, PILOT, ConEd Incentive Ciba-Geigy; retention package with State and Local incentives Airport Parking Associates; public/private partnership, conventional and Industrial Development Bond funding