The New Rochelle City Council approved a new agreement with Twining Properties LLC on Feb. 7 to develop 12.5 acres of city property at Echo Bay.
Twining, based in New York City, has proposed a $300 million mixed-use project, called Pratt Landing, in an industrial area at the edge of downtown.
The general concept is to convert the industrial property to a village-like setting that opens up views of the Long Island Sound and connects the waterfront to downtown.
Twining will have to decontaminate City Yard, a public works facility built in 1916 that has devolved into an eyesore of garages, repair shops, salt piles and recycling areas. Public works will be relocated next year to 70 Nardozzi Place, near Interstate 95.