41 North Division Street Project (The Children's Village – 41 Streamline LLC)
Peekskill
Description
Children's Village is seeking a six-year PILOT to convert the vacant, landmarked former state office building into a new Field Library with 22 affordable apartments above, plus rooftop gardens and community space.
Impact summary
About $20 million in renovations revive a 15-year-vacant downtown anchor, bringing the library, affordable housing, new jobs, and a $1.8 million county infrastructure grant to the city.
Applicant
- Name
- The Children's Village / 41 Streamline LLC
- Address
- 41 North Division Street, Peekskill, NY 10566See this on the map
At a glance
- Hearings
- 3
- Public comments
- 1
- Total mentions
- 3
Last vote · Industrial Development Agency
Discussed at 1 meeting in the last 60 days; most recently Sep 22, 2026.
Meeting timeline (3)
Industrial Development Agency Meeting - Sep 22, 2026
The affordable housing project is seeking state HCR approval at the late-October board meeting and could close financing in November or December.
Industrial Development Agency Meeting - Jun 23, 2026
Adaptive reuse of a historic former state office building into the Field Library, 22 affordable apartments, and rooftop program space. The Common Council approved the closing, expected within 60 days pending financing.
Industrial Development Agency Meeting - May 26, 2026
Children's Village wants to turn the vacant, landmarked former state office building into a new Field Library, 22 affordable apartments, and a rooftop deck, with a six-year PILOT and nearly $1 million in sales/mortgage tax exemptions. The IDA held the public hearing and approved the project authorizing resolution.
Related issues (4)
We'll email you when it's on an upcoming agenda, when it's voted on and when its status changes, at most once a day.
The weekly brief for Peekskill
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.