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Residential Real Estate Projects Are on the Rise in Westchester

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Miroza at Ridge Hill / Courtesy of Buzz Creators

New residential projects in Westchester are moving forward, with a host of recently opened and planned developments in 2021.

The Westchester County new-construction real estate market is rebounding from the pandemic-induced slowdown of the last year. Below are some attention-getting projects that show the market is moving forward.

Recently Opened

Carraway, a 421-unit apartment development was recently completed in West Harrison as a joint venture from Toll Brothers and J.P. Morgan Global Alternatives. Described as a “refined retreat,” the property includes a resort-style pool deck and cabanas, a clubroom with fireplace, and grand lobby.

The Marquee apartments, a 10-story building with 160 units, a gym, game room, and lounge, located on Bronx River Road in Yonkers, has opened to the public. Stagg Group, the developer of the project, points out that it’s near the Metro-North Mount Vernon West station, on the Yonkers’ eastern border.

1 Martine Avenue

1 Martine Avenue / Photo by Philip Jensen-Carter

At press time, Ginsburg Development Companies was ready to start leasing 1 Martine Avenue in White Plains and aiming for a mid-May occupancy. The luxury residence, part of the City Square project, features loft-style apartments and 11-foot ceilings.

Miroza at Ridge Hill

Miroza at Ridge Hill / Courtesy of Buzz Creators

Miroza at Ridge Hill, in Yonkers, is a recently opened 180-unit luxury-rental development featuring a 20,000 sq. ft., state-of-the-art amenities center. The building offers a 24-hour concierge, as well as a convenient shuttle to Metro-North.

Planned

Ginsburg Development Companies has proposed a 165-unit, mixed-use project in Peekskill, near the Metro-North Railroad station. The nine-story building would include 40 hotel rooms, space for retail, and more than 300 parking spaces.

Two residential towers with 315 total residential units are planned for 115 S. MacQuesten Parkway in Mount Vernon. The NRP Group, Grandview Consulting Group, and Kensworth Consulting are partnering on the project, which will be located near Metro-North Railroad’s Mount Vernon West train station. Mount Vernon’s Planning Board is reviewing the proposal.

Westchester County’s former Good Counsel school campus in White Plains will transform into a community that provides senior and multifamily housing. The project, by WB Development NB, will allow for the construction of 335 independent and assisted-living apartments for seniors, 28 townhouses, and 48 multifamily apartments on the 16-acre property.

Wilder Balter Partners has broken ground on an 82-unit affordable-housing project at 645 Main St. in Peekskill. Apartments in the energy-efficient building, which will include solar panels, are expected to be as low as $900 a month.

Ground was broken on The Renaissance, a $97 million Workforce Housing Group project in New Rochelle. The joint venture of The NRP Group, Guion Renaissance Housing Development Finance Corp., and Kensworth Consulting is reserved to households earning between 40% and 80% of the area’s median income. It’s slated for a 2023 completion.