Kansas-based True North Hotel Group has broken ground on a five-story, 154-key Marriott hotel at 5 Executive Boulevard, in northern Yonkers’ South Westchester Executive Park. The hotel group is partnered with the property’s owner, Robert Martin Company, and the structure will be the developer’s second hotel in the business park. The $24.5 million project is expected to be complete in mid-2016, according to News12 Westchester.
Anup Misra, head of East & Hudson New Rochelle, LLC, is planning to develop a six-story, 71-unit mixed-use building at 165 Huguenot Street, in downtown New Rochelle, a few blocks from the town’s Metro North station. The building will measure 64,000 square feet, and will include 3,000 square feet of retail space on the ground floor. Units will be rentals, and will range from 500 to 975 square feet. A two-story warehouse must first be demolished, but construction is expected to begin next spring, with completion in 2017. Manhattan-based Magnusson Architecture & Planning is designing.
Last summer, a developer was brought in to build the 202-unit residential portion of Rivertowns Square, a mixed-use project in Westchester’s Dobbs Ferry, and now the lead developer, Saber Dobbs Ferry LLC, is bringing in Maryland-based Baywood Hotels Inc. to construct and manage a 138-key, 83,000 square-foot Hilton Garden Inn, per Westfair. The hotel will be located at 35 Livingstone Avenue, atop a two-story retail podium, formerly the site of a research facility. The head developer secured a $42 million loan earlier this month, and completion is expected in 2016.
A branch of the Miami-based Lennar Corporation is proposing a twin-towered, 858,000 square-foot mixed-use development at 60 South Broadway, in White Plains, and according to Westfair, the plan has been sent to the Common Council after recently clearing the Planning Board. The base podium will contain amenity space and 95,000 square feet of retail, and above, two 24-story towers will have 707 rental units, 71 of which will be let at below-market rates. Perkins Eastman is designing, and construction is scheduled to begin in May 2016.
Dallas-based Lincoln Property Company has paid $9.6 million for a lease to build the residential portion of Rivertowns Square, a mixed-use development located off the Saw Mill River Parkway, in Westchester’s Dobbs Ferry. According to Westfair, a 202-unit, 277,000 square-foot rental building is planned on Danforth Avenue. Dobbs Ferry Capital Partners and Saber Real Estate Advisors are developing the overall project, which will include an 138-key hotel on Livingstone Avenue, and 112,000 square feet of commercial space, which is now 80% leased. An office campus has already been demolished to make way for the new construction, and opening of the first commercial building is expected next summer.