Page 15 - Westchester County - 2018 Economic Development Guide

Rendering of new luxury apartment building planned by MacQuesten Development for 45 Harrison Street, New Rochelle
TRANSFORMING THE CITY ON
THE SOUND
Emblematic of the county’s focus on transit-oriented development, RXR Realty and city officials announced a proposed project to build dual 28-story towers in downtown New Rochelle. The mixed-use develop- ment would be built on the site of the current Church- Division Parking Garage, south of Main Street. The estimated $300 million project would include 650 to 700 residential units between the two towers and up to 40,000 square feet of retail space.
Already underway is a $149 million, 28-story mixed use RXR development being constructed at the former Loews Theatre site. The projects are part of a 10-year city master plan to build new restaurants, hotels, stores and 5,500 downtown residential units.
WHITE PLAINS: NEW LIFE
AND PURPOSE
440 Hamilton Ave.: An $87 million project to convert the former AT&T office building at the corner of Hamil- ton Avenue and North Broadway is underway by Ameri- can Equity Partners.
121 Westmoreland Ave.: Work is expected to be finished in early 2018 on the conversion of a six-story industrial building into 65 rental apartments by Norden Lofts, LLC. The facade has been sandblasted to reveal the original red brick and work on the interior is underway.
One Lyon Place: Formerly known as the Esplanade, a former senior citizen residence is being converted into luxury rental apartments via a $50 million repurposing project.
For more on county-wide repurposing efforts, please see the Real Estate section.
Transit-oriented development, or TOD, is a type of community development that includes a mixture of housing, office, retail and/or other amenities integrated into a walkable neighbor- hood and located within a half-mile of quality public transportation.
WESTCHESTER COUNTY ECONOMIC DEVELOPMENT GUIDE 13