City of Peekskill Brushes Up Definition of Artist

Peekskill may widen eligibility criteria for artists’ housing.

WITH Westchester County’s real estate market a challenge these days, Peekskill is doing its part by rethinking the criteria for eligibility for its artists’ housing.

The city’s live-work rentals were developed over the last two decades in the downtown historic district. Peekskill created an artists’ zone in this eight-block area by allowing the conversion of empty space over storefronts as part of a revitalization project. In all, 49 rental units have been built on the upper floors of commercial buildings, along with 28 units in a co-op built with city, county and state funds.

Peekskill Art Lofts, a 28-unit work/live residential

co-operative for Peekskill certified artists.

By ELSA BRENNER
Published: December 4, 2009

http://www.nytimes.com/2009/12/06/realestate/06wczo.html?_r=1

Artists Work / Live Lofts For Sale

We currently have several work/live lofts available for sale. The buyer would be purchasing shares in the overall cooperative ownership corporation and paying a monthly maintenance expense consisting of the underlying mortgage, real estate taxes, insurance and operating expenses. The value of the monthly maintenance is based on the size of the unit and the value of the subsidized construction cost based on a 30-year period. Buyers need to certified as artists by the City of Peekskill.

For full details, see our website at http://www.peekskillartlofts.com/

Thomas M. Leigh, AIA, LEED-AP
President and Acting Treasurer
Peekskill Art Lofts

Attract investment by creating zones for artist work / live lofts.

Attract investment by creating zones for artist work / live lofts.

Community Builders Handbook on Creating Artist lofts and Arts District in the City of Peekskill, NY. Contemporary artists revtalize a historic downtown. Attract investment by creating zones for artist work / live lofts.

http://ci.peekskill.ny.us/upload/Community_Building_Arts_Peekskill.pdf