Westchester County Business Journal 020320

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PRINT JOURNALISM: BECAUSE IT STILL MATTERS. FEBRUARY 3, 2020 VOL. 56, No. 5

westfaironline.com

The corner of Mamaroneck Avenue and East Post Road in White Plains where The Mitchell is being built. Photo by Peter Katz.

INSIDE

‘Very bullish on White Plains’ FORMER PAVILION SITE DORMANT; THE MITCHELL IS RISING BY PETER KATZ

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ELMSFORD PROJECT

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FIRE TRUCK TROUBLES

pkatz@westfairinc.com

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t will be at least another year before construction begins in earnest on the mixed-use project planned by Lennar Multifamily Communities (LMC) for the site of the former Pavilion Mall in White Plains, Greg Belew, LMC’s divisional president for the New York tri-state area, told the Business Journal. The old mall was torn down and the 60 S. Broadway site cleared.

ed by September 2024. Two “We’ve had some activity 28-story towers have been in terms of doing some art planned with a total of 814 installations in partnership apartments. There would be with ArtsWestchester where 28,000 square feet of retail we’ve had some local artists and dining along with 932 doing murals on the conparking spaces. The cost struction fence surrounding of each phase of the projthe site,” Belew said. ect has been estimated at LMC had told $250 million. Westchester County’s TWB Loan Decision “We are still very bullish Industrial Development Banner Ad on White Plains,” Belew said. Agency it anticipated con6” w x 1.5” h “We think it’s a great market struction on the first phase 8-20-19 and will continue to be so.” of the two-phase project He said though conto begin in June 2020 with struction at 60 S. Broadway occupancy expected around has been delayed, activSeptember 2022. Phase two ity on LMC’s project was expected to begin at that » WHITE PLAINS 6 time with occupancy expect-

PEEKSKILL PROJECT PROPOSED CITY LAND, MONEY REQUESTED BY APARTMENT DEVELOPER BY PETER KATZ pkatz@westfairinc.com

A YONKERS-BASED DEVELOPER HAS PROPOSED CONSTRUCTING two apart-

ment buildings in Peekskill that would have a total of 167 units and 206 parking spaces. There would also be approximately 3,500 square feet of retail space. The project has been named the Magnolia Heights Apartments. Peekskill’s City Council heard from Tom Conneally, founder, president and CEO of Cottage International

YOUR LOCAL COMMERCIAL LENDER

Development Group (CIDG), at its Jan. 21 work session. He was looking for feedback from the council members on the project before making a formal submission to the city. Conneally emigrated to the U.S. from Ireland in 1986 and in 1990 founded a construction company, Glenman Corp. CIDG is Glenman’s development division. The company says it has completed more than $500 million of construction and development work, 500,000 square feet of » PEEKSKILL

CALL TODAY (914) 337-1900

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