Comprehensive Market Feasibility Study
The AoRa Center represents a pioneering the world's first triple net zero (water, waste, energy) mixed-use development strategically positioned across from the Mount Vernon West train station in Mount Vernon, New York. This market study demonstrates the compelling case for this development, poised to set new benchmarks for sustainability, technology integration, and transit-oriented design in Lower Westchester County.
The AoRa Center is envisioned as a transformative Triple Net Zero mixed-use development, redefining Mount Vernon's urban core while setting unprecedented standards for sustainability, technology, and community living. Situated directly opposite the Mount Vernon West train station, it embodies the peak of transit-oriented design fused with environmental responsibility and smart innovation.
This $570M landmark project will feature 747 residential units, 220,000 SF of vibrant retail space, and a cutting-edge automated parking facility for 1,620 vehicles, all housed within a structure meticulously designed to achieve net zero energy, water, and waste consumption.
Achieving net zero energy, water, and waste - a first for Westchester County.
Directly opposite Mount Vernon West station; 30-min commute to Manhattan.
747 residences, 220K SF retail (grocery anchor), community spaces, wellness areas.
AI energy management, IoT sensors, virtual doorman, automated building systems.
Podium green spaces, sustainable materials, high-performance envelope, renewables, water reclamation.
1,620 automated spaces, EV charging, storage,and bike storage.
The AoRa Center's commitment to Triple Net Zero encompasses:
This comprehensive approach positions AoRa as a benchmark for truly sustainable urban development in the region.
Westchester County maintains strong demand for quality housing, especially near transit hubs. Mount Vernon, benefiting from this trend and its proximity to NYC, shows solid market indicators as of Q1 2025.
| Metric | Value | YoY Change |
|---|---|---|
| Median Home Sale Price | $530,000 | 8.2% |
| Median Price Per Sq Ft | $242 | 12.6% |
| Avg. Days on Market | 67 | 6.0% |
| Housing Inventory | 218 units | 6.5% |
*Source: Redfin Data Center (Feb 2025)
| Unit Type | Market Average | 42 Broad (Comp) | AoRa Center (Projected) |
|---|---|---|---|
| 1 Bedroom | $2,400 - $3,100 | $3,150 - $3,850 | $3,300 - $4,000 |
| 2 Bedroom | $3,600 - $4,400 | $3,800 - $5,800 | $4,200 - $6,100 |
| 3 Bedroom | $4,700 - $6,000 | $5,200+ (Limited) | $5,800 - $7,300 |
*Projections based on current trends + anticipated premium.
The AoRa Center capitalizes on distinct market gaps:
Fills the void for a Triple Net Zero development, appealing to the growing eco-conscious demographic (estimated 35% of target market).
Meets demand for smart living features, desired by over 65% of potential renters/buyers in this segment.
Combines sought-after transit access with daily convenience, a rare offering enhancing lifestyle appeal.
Addresses the undersupply of high-end, sustainable residences in Mount Vernon, attracting discerning buyers/renters.
AoRa's Triple Net Zero design is projected to eliminate 500-700 metric tons of CO2 emissions annually compared to a standard code-compliant building.
Utilizing mass timber, low-carbon concrete, recycled materials, and offsite construction aims to reduce embodied carbon by 30-40% versus conventional methods.