NEW ROCHELLE, N.Y. – New Rochelle’s agreement with Good Profit Works to renovate the historic Armory ended Thursday after the organization failed to deliver a letter of agreement or escrow check to the city, according to a statement from City Manager Charles Strome III.
The deadline was set for the end of business Thursday at a Feb. 12 City Council meeting after three months of silence from the organization chosen for a $26 million project to turn the armory into an open-air market.
“The City Council will determine at a later date how to move forward on this portion of the Echo Bay Waterfront Redevelopment Project,” Strome said in the statement.
In September, the council selected the proposal from Good Profit Works in a 5-2 decision over a project to make the East Main Street building into the Veterans Memorial Center for the Performing Arts. In November, the council officially decided to enter into an agreement with Good Profit.
The proposed plans called for the market to sell fresh fruit, vegetables, meat, cheese, bread and other items and to include an eating area. Good Profit also proposed an art gallery in the front of the armory and space to provide services to veterans.
At the Feb. 12 meeting, Mayor Noam Bramson expressed his hope that Good Profit would come through. Council member Louis Trangucci, who was one of the dissenting votes on the project back in September, suggested that the rival performing arts proposal be able to return to the council to make another presentation.