WPCNR Mamaroneck Avenue Ambler. By John F. Bailey. March 22, 2005: JPI, builders of The Jefferson on Mamaroneck Avenue will market their 8-story panoramic residential complex on the avenue as condominiums.

WPCNR has confirmed this from informed sources with knowledge of the developer's plans.  The Dallas development firm will be filing an Offering Plan with  the Attorney General's Office to market their 281 units of apartments and town houses as condominiums. The developer plans to market 1 bedroom units beginning at $320,000 up to $420,000 at this time, and 2 bedroom units with their wraparound bay windows at the higher levels from $450,000 to $650,000.

The developer  announced these plans in detail at a recent meeting of the Highlands Neighborhood Association at JPI's White Plains offices. In addition sources who heard the presentation told WPCNR the developer plans to sell 125 parking spaces of the 460 in their underground garage for $20,000 to $30,000 each to owners who wish more than their 1-allotted free parking space. JPI plans two 2,000 square foot blocks of retail space, one of which will contain a restaurant, described as "white table cloth" in quality. However they are only reserving 25 parking spaces for each retail wing. JPI's solution is for retail and restaurant traffic to park on the street. First occupancy is hope for , by the fall.

On the matter of their 6% allotment to affordable housing, JPI told the Highlands residents who attended the briefing that they expected to pay a fee rather than market "affordable units" at below market rates.