**Hudson Companies Secures $66M Construction Financing for Port Chester Multifamily Project**
The Hudson Companies has secured $66 million in construction financing for a new Class A multifamily development located at 70 Abendroth Avenue (also known as 27-45 N. Main Street) in Port Chester, Westchester County, New York.
The financing, provided by Truist Bank, will support the development of a 203-unit, transit-oriented residential project in downtown Port Chester. The six-story building will feature a mix of market-rate and affordable apartments, ground-floor retail space, a community facility, and structured parking. Construction is slated to begin in the first quarter of 2026.
Cushman & Wakefield’s John Alascio and Chuck Kohaut arranged the financing on behalf of Hudson Companies.
“This transaction underscores the depth of lender interest in well-located, fully entitled multifamily developments in supply-constrained, transit-oriented markets like Port Chester,” said Kohaut. “Hudson Companies has a proven track record executing complex, community-oriented developments, and Truist recognized the strength of both the sponsorship and the project’s fundamentals in delivering a market-leading execution.”
