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Iona to Purchase Property on North Avenue

9/23/2013

New Rochelle, NY (September 23, 2013)  Iona College has agreed to purchase the property at 654 North Avenue in New Rochelle, home to Cannone’s Pizza and Campus Wings, within the next 30 days. The property is adjacent to Iona College and has been a strategic priority for several years. The acquisition is consistent with the College's efforts to develop both its campus and North Avenue.

“We support economically viable development and revitalization of North Avenue and see this as an opportunity to extend that interest and our partnerships with New Rochelle business owners and developers,” said Anne Marie Schettini-Lynch, senior vice president for finance and administration.  “We look forward to creating more partnerships as we explore options for building student housing and other college facilities on North Avenue.”

The property’s long-term use will be determined by Iona’s campus master planning process.  Iona will host a public meeting in early October to share updates on its master planning process and discuss other development interests on North Avenue.  That event will be at 7 p.m. on Monday, October 7, in Romita Auditorium of Ryan Library. 

In June, the City of New Rochelle approved zoning supporting College-use development on North Avenue. The change resulted from the constructive engagement of neighborhood association leaders, elected officials, city officials, and College representatives via a voluntary planning process.

Iona College, founded in 1940, is located in New Rochelle, Pearl River and Manhattan. The main campus in New Rochelle is a significant private employer and economic engine for the region.

For questions or more information please contact:
Dawn M. Insanalli
Media Relations Office
Iona College, 715 North Avenue, New Rochelle, N.Y. 10801
Office: (914) 637-2726
Mobile: (914) 217-4061
dinsanalli@iona.edu