A forthcoming 12-story multifamily residential building will soon begin construction at 2 South Main Street in Port Chester, Westchester County. Designed by CetraRuddy Architecture and developed in a joint venture between Hyperion, Winter Properties, and AIP, the 355,000-square foot project calls for a total of 322 units, 330 parking spaces spread across two floors, and 5,000 square feet of ground-floor retail space. The mixed-use development is located by the Byram River at the intersection of South Main Street and Westchester Avenue.
The above and below renderings depict the exterior of 2 South Main from the waterfront and the intersection looking southwest.
2 South Main Street. Rendering courtesy of CetraRuddy Architecture.
Below is a Google Maps street view image showing the existing structures that would be fully demolished for the taller residential replacement.
2 South Main Street, circa July 2026. Image via Google Maps.
In recent news, Walker & Dunlop, Inc. announced last Wednesday an arrangment of $147.5 million in debt and equity capitalization for the project. The company also served as the exclusive advisor to the developers. Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin, and Dawson Jessee arranged the equity investment from Related Fund Management, while Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet, and Stanley Cayre secured construction financing from Arbor Realty Trust.
The project is in an Opportunity Zone and also benefits from a 20-year PILOT agreement through the Port Chester Industrial Development Agency (IDA). The location is also conveniently adjacent to the MTA Metro-North station, with Grand Central Terminal just 45-minutes away. Direct vehicular access to I-95 and I-287 allows access across Westchester County and major employment centers in Stamford, Greenwich, White Plains, and the broader New York metropolitan area.
Residential amenities will include a fitness center, multiple lounges, and an outdoor recreational area. Situated in historic liberty square along Main Street, the property is surrounded by shops, restaurants, the marina, public waterfront park, the capitol theater, and AMC cinema. Rye Beach, fairways of Westchester Country clubs, and the trails of Edith G. Read Natural Park & Wildlife Sanctuary are also within minutes of the property.
Construction on 2 South Main is expected to begin in the fourth quarter of 2026. An anticipated completion date has yet to be announced.
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