NEW TOWNHOMES IN PEEKSKILL
SUITE TALK WITH LOUIS DEGENNARO
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AUGUST 6, 2018 | VOL. 54, No. 32
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS, COVERING THE HUDSON VALLEY
westfaironline.com
Luxury senior housing planned for Bloomingdale Road BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com
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site along Bloomingdale Road in White Plains once targeted for a shopping center could instead become home to 132 luxury apartments for seniors, if a developer’s plan meets city approval. National Development, a Massachusetts-based property developer, is making the rounds through city review for plans that would bring its high-end Waterstone brand of senior apartments to 120 Bloomingdale Road. The five-story senior residence building would be built next to an office building already on the roughly 6.5-acre property. Presenting to the city’s Planning Board earlier this month, Michael Glynn, a vice president for National Development, described his company as an innovator in senior living for more than 30 years. The Waterstone concept targets residents typically in their 80s and older, “who don’t need assisted living, but do need thoughtful senior design,” he said. William Null, an attorney with Cuddy & Feder representing the development team, said seniors entering Waterstone are “buying a lifestyle.” Monthly rents include 30 meals, though the apartments have full kitchens as well. » HOUSING
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TWB Loan Decision Top 5 Banner Ad 6” w x 1.5” h 8-23-18, 4pm A rendering of the proposed project at the former site of the Westchester Pavilion.
Change in plans DEVELOPER OF FORMER WESTCHESTER PAVILION SITE SLASHES RETAIL COMPONENT
BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com
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dirt hole the size of a city block in downtown White Plains where the Westchester Pavilion once stood, may be a bit closer to actually seeing two residential towers rise. Representatives from a development team led by Lennar Multifamily Communities presented conceptual plans July 30 to the White Plains Common Council for the former Westchester
Pavilion site. Lennar Multifamily is the apartment-focused subsidiary of Lennar Corp., the country’s largest homebuilder. The plans are an update to a $275 million redevelopment of the property the city approved two years ago for the same company. The original plans were headlined by two, 24-story residential towers. The towers remain in the new plan, but the site’s retail square footage has been chopped to make way for more residences.
Whatever is built, it will replace the now-demolished Westchester Pavilion mall at the intersection of South Broadway and Maple Avenue. The outdated mall was knocked down last year, but the original plans stalled. This spring, Lennar representatives said the company would rework its proposal. The development team gave the council its first full look at a new design it described as more feasible than the original layout. » LENNAR CORP.
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