The Montclare apartment project on Midland Avenue and Main Street in Nyack is poised to move forward now that the developer has secured an $8 million building loan for the project. The Diana Place project has been revived but the waterfront Tidewater condominium project remains stalled.
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Joseph Maraia, one of the developers behind the proposed Diana Place rental project in Nyack, says the coronavirus pandemic has waylaid plans to build the 26-unit multi-family building on at 249-259 Main Street.
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JED Realty, which had planned to replace two single-family houses at 249-259 Main Street with a 26-unit multifamily rental apartment called Diana Place, is asking $2 million, according to broker Michael Scrima of Redwood Realty Advisors
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