Westchester IDA Announces $1.2 Billion Development in Downtown White Plains

Rendering of Hamilton Green - White Plains, New York

The Westchester County Industrial Development Agency (IDA) has announced three mixed-use developments that are expected to create more that 3,000 construction jobs and approximately 1,800 residential units. All together, the properties represent $1.2 billion in private investments and are poised to invigorate the downtown White Plains area.

WP Mall Realty was granted preliminary approvals for $17.5 million in tax exemptions to facilitate the construction of Hamilton Green, a mixed-use development that will replace the White Plains Mall. Valued at $585.2 million, Hamilton Green is one of the first approved projects within the newly founded transit district zone surrounding the White Plains rail station. This zone is designed to encourage construction that will help create mixed-use destinations in proximity to the station.

The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. Additional components include 85,400 square feet of retail and dining area, approximately 27,000 square feet of co-working space, a 956-vehicle parking garage, and a 67,000-square-foot elevated public park.

The IDA also preliminarily approved a $12.1 million tax exemption package to Lennar Multi Family Company, which has pledged to build a two-phase mixed-use development in downtown White Plains. Located at 60 South Broadway, it will replace the former Westchester Pavilion with two high-rise towers containing 814 apartments, including about 50 affordable units.

The ground level will contain over 28,000 square feet of retail and dining area, in addition to 932 parking spaces. Construction of the first phase is expected to begin June 2020, with occupancy expected by September 2022. The second phase will kick off in June 2022, with occupancy anticipated by September 2024.

Rendering of 60 South Broadway, White Plains

The third and final project will be executed by National Development, one of Boston’s largest real estate companies. The IDA has also approved $3.22 million in preliminary tax incentives for this development. Known as Waterstone, the new building will be a five-story, 132-unit property at 120 Bloomingdale Road. The $115 million proposal will be marketed to senior citizens and will include on-site social services. The developer will also construct a 13,000-square-foot park.

Rendering of Waterstone at 120 Bloomingdale Road, White Plains

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TFC Horizon

9 Comments on "Westchester IDA Announces $1.2 Billion Development in Downtown White Plains"

  1. Kool..i need a apt too.. 2 bedrooms..
    Im a retired law enforcement officer and disabled.. Help IDA.. God bless..

  2. Why the setbacks on 120 Bloomingdale Road? That road is a traffic sewer which needs calming and buildings along it. Whole Foods is close to the sidewalk, why not this new development?

  3. Hello I am a 67 year old senior looking to rent an apartment in new senior housing being built at 120 Bloomindale Rd White Plains NY. Can you let me know what rents will be for 1 bedroom and when I can submit application? Thanks

  4. I nominate Greta Thurnberg (Swedish )as an honorary economist , even though I am a climate change skeptic but at the least she is raising her voice against the powers that be who divide minorities against each other for their own gain, just like the politicians in Weschester County. These people should encouraged young people to get involved in issues of national and international relevance instead of seeing every who they disagree as opponents.

  5. These are all going to be luxury units. I believe the developer opted out for any “affordable” units by paying the city $$$ instead. I would expect studios to start at 2,000/month and 1 brs. at $2500/month, possibly more.

    • Hi do you have any idea how I could get on the list to be in such a property or to be on the list for the affordable housing?

  6. Are these apartments for seniors being built at 120 Bloomingdale Rd. White Plains NY for low income based seniors or wealthy seniors? Article says will contain a social services office. Usually those offices are associated with low income people not luxury apartments??

  7. I’m already put my application .I’m ready for the Big Day, don’t know when the grand opening can’t wait.I will very happy if I find it .Thank you. Forward to hearing and meeting you.

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