The Westchester County Industrial Development Agency has approved an incentives package to facilitate the construction of a three-building residential complex in downtown White Plains. The property is located at 70 Westchester Avenue and is currently occupied by a Chrysler Jeep dealership and service center.
Construction is complete on Waterstone of Westchester, a senior housing building at 150 Bloomingdale Road in central White Plains. Designed by Elkus Manfredi Architects, the new community offers 132 independent living units for seniors 62 years and up, a collection of health and wellness amenities, and access to local visiting nurse services.
Greystar Real Estate Partners has broken ground on a new high-rise rental property a 25 North Lex in White Plains, New York. Located in the city’s downtown area, the development will contain 500 rental apartments, 60,000 square feet of amenities, and 19,000 square feet of ground-floor retail space.
Westchester County’s Industrial Development Agency has approved two substantial multifamily rental properties in downtown White Plains. Referred to simply as the IDA, the agency works to facilitate diversification and urbanization of the county through the construction of vibrant mixed-use developments. Together these new properties will create 346 new apartments and represent $131 million in private investment.
Rose Associates recently closed on $182 million in construction financing to redevelop an existing 13-story office property for residential and retail use. The property is located at 440 Hamilton Avenue in White Plains, New York and will eventually comprise 255 apartments and 3,400 square feet of ground-floor retail.