Westchester County Business Journal 051319

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MAY 13, 2019 VOL. 55, No. 19

westfaironline.com

1 Water St. in White Plains. Photo by Peter Katz.

INSIDE

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PEEKSKILL PROJECT

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PLAYLAND PRESS CONFERENCE

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SAFE LEAVE

Mack-Cali eyeing apartment development near White Plains Metro-North train station BY PETER KATZ pkatz@westfairinc.com

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new Westchester development proposal is being prepared by a related entity of Mack-Cali, the publicly traded real estate investment trust, developer and property manager, which a few weeks ago sold its office and f lex space holdings in Westchester and Fairfield counties to Robert Martin Company in a deal valued at almost a half-billion dollars. Mack-Cali’s related entity, 1 Water Street LLC, is proposing a project to go into 1 Water St. in White Plains where a comparatively small office building presently is located. The site is located at the northeast

corner of the intersection of Ferris Avenue and Water Street, diagonally across from the Metro-North train station. Real estate records indicate that the building was constructed in 1978 and that the site area is 1.24 acres. On a recent business day, the building appeared to be vacant with no cars in the parking lot and no lights visible inside. The office building would be demolished and the property redevel-

TRUMP GOLF COURSE, WAGES AND SINGLE-PAYER COVERED AT HVEDC/WCA EVENT

oped with a new mixeduse building containing approximately 300 apartments and neighborhood retail space, a phrase usually used to describe businesses oriented toward serving the needs of a building’s residents rather than attracting regional shoppers. The project also would contain publicly accessible open space and related parking and infrastructure. » MACK-CALI

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BY PETER KATZ pkatz@westfairinc.com WESTCHESTER’S STATE LEGISLATORS WERE SERVED a buffet of concerns about issues impacting business during a breakfast forum held by the Hudson Valley Economic Development Corp./Westchester County Association on May 3 at Fordham University’s campus in West Harrison. Not the least of the concerns was the current effort in Albany to pass legislation

which would require the developer of any project receiving government benefits to pay workers the equivalent of prevailing union wages and benefits. The current push for a single-payer health care insurance system in New York state and legislation that would require golf courses to be taxed at the highest possible commercial value also were scrutinized. Nick Spano, a 28-year veteran of both the state » HVEDC/WCA

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