Westchester Real Estate Development Roundup

Real Estate Watch

New Rochelle: Heritage Homes

The aging Hartley House complex in New Rochelle, an affordable housing complex located at Brook Street and Winthrop Avenue, is undergoing a long awaited, much needed renovation. It entails tearing down the old buildings and replacing them—in three stages—with brand-new units, plus a rename to erase the negative stigma attached to Hartley House. The first stage was a $37-million project that’s already complete (it was built on a nearby baseball field) and occupied. The second stage is a $20-million development comprising 56 units (mostly two bedrooms) in five townhouse-style buildings. The third stage will have 42 (mostly) three-bedroom units. Minimum income requirements are as follows: $28,185 for studios; $30,185 for one-bedroom apartments; and $36,246 for two-bedroom apartments.

White Plains:  Westchester Pavilion

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If you haven’t been to the Westchester Pavilion in a while, you’re not alone—it’s 185,000 square feet of commercial space, smack in downtown White Plains, is largely abandoned. That’s why its owners, Urstadt Biddle Properties, have submitted a proposal to rezone the space from commercial to residential mixed-use. The idea is to demolish the existing structure, which was built in the 1950s, and build a luxury apartment complex with first-floor retail space, a gym, underground parking, and about 600 residential units.

Mount Vernon (Fleetwood):

The Alexander Development Group and The Bluestone Organization are vying to jointly develop what is currently a parking garage across from the Fleetwood Metro-North Station. The plan is to turn the 434-car parking garage (which only houses about 130 cars at peak hours, and, according to developers, loses about 95 cents per spot each day for the city) into a mixed-use building. The proposed 18-story building has more than 12,000 square feet of retail space, plus 249 residential units that developers say would attract higher income residents and boost Mount Vernon’s tax base.

Our Best of Westchester Party is July 24!

Our Westchester Home Design Awards event is June 26!

Our Wine & Food Festival returns June 4-9!

Our Wunderkinds event takes place on May 23!

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Our Healthcare Heroes Awards event takes place on May 9!

Our Westchester Home Builders Awards take place on April 4!

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