PRESS RELEASE

North Avenue CVS Pharmacy to re-locate to “The Rockwell”

Company signs multi-year lease to take 13,200 SF of ground floor retail space in YoungCraft’s new development in downtown New Rochelle.

NEW ROCHELLE, NY (June 4, 2019) – YoungCraft, a real estate development company with properties in New York, Connecticut, Massachusetts and Florida, announced that CVS Pharmacy has signed a multi-year lease for 13,200 square feet of retail space at “The Rockwell,” the company’s latest mixed-use project on North Avenue in New Rochelle. The location is scheduled to open in the 2nd quarter of 2020.

“We are thrilled to have CVS Pharmacy be the inaugural tenant of this fabulous retail space at “The Rockwell.” We worked closely with the CVS team to create an easily-accessible, drive thru pharmacy window, on-site truck loading, and ample parking within steps of the front entrance,” said Robert Young, partner of YoungCraft. “CVS will provide ‘The Rockwell’ residents and all City residents with a convenient shopping option for their daily prescription, health, and household needs. We couldn’t be happier to have them on-board as we continue to revitalize this stretch of North Avenue with the development of ‘The Rockwell’ and our phase II project across the street, ‘The Illustrator’ scheduled to break ground in September 2019.”

CVS will re-locate its current store at 625 North Ave., down the block to the brand-new “Rockwell” location. CVS has over 9,800 locations nationwide, and this newest installation will feature a 24-hour drive up pharmacy window and 63 parking spaces. The new store will offer convenient access to best-in-class pharmacy services and a shopping experience truly dedicated to helping people on the path to better health. Including better-for-you food options, elevated beauty sections, and an enhanced assortment of health and wellness products, CVS Pharmacy will continue to evolve the customer’s shopping experience with a heightened focus on health and beauty.

City of New Rochelle Mayor, Noam Bramson expressed his appreciation for the pharmacy’s commitment to the North Avenue neighborhood and for the impact “The Rockwell” is already having on the area: “CVS’s continued presence on North Avenue as an anchor tenant of “The Rockwell” is good news for the area and for New Rochelle’s overall development plans. We wish them well in this new space and look forward to additional progress on North Avenue and throughout the downtown overlay zone.”

“The Rockwell,” named for the famous New Rochelle artist, Norman Rockwell, will feature 114 luxury apartments, a rooftop terrace, a community lounge, a fitness center and an additional 144 parking spaces for residents and adjoining retail customers. CVS will occupy 13,200 square feet of the development’s 22,000 total square feet devoted to ground floor retail. Construction is scheduled to be completed in summer 2020.

About YoungCraft

YoungCraft’s mission is to develop high-end, mid-sized residential and mixed-use properties in New York, Connecticut, Massachusetts and Florida that have a revitalizing impact on the surrounding community. The YoungCraft team operates from offices in New Rochelle. Robert Young and Phil Craft have each been in the real estate development, construction and property management business for over thirty years. Their portfolios include a mix of residential, commercial, sports facilities and hospitality projects. For more information about “The Rockwell,” or to learn more about available retail opportunities, visit: www.livetherockwell.com

About the City of New Rochelle

With an unparalleled location, superb quality of life, diverse and talented residents and a focused business climate, New Rochelle is experiencing the transformation of a lifetime. The City’s economic development plan will provide a spark for the entire Hudson Valley region, positioning it as “open for business” and embracing smart, transit-oriented development growth patterns. Accelerated by a new, fast-track zoning process, the new Master Development initiative will enhance the downtown area by boosting job creation, property values and private investment – while enhancing sustainability through green and energy-efficient design. Learn more at https://www.ideallynewrochelle.com/

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Contact:
YoungCraft
Carolina Sanchez
(914) 654-9470
carolina@youngcompanies.com

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