Westchester County Business Journal 091018

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SUITE TALK: JOSEPH A. STOUT

TAX BREAK FOR EXTELL

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SEPTEMBER 10, 2018 | VOL. 54, No. 37

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS, COVERING THE HUDSON VALLEY

westfaironline.com

Two projects get go-ahead WHITE PLAINS OKS PLANS FOR HAMILTON AVENUE REDEVELOPMENTS BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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he White Plains Common Council approved two major projects at its Sept.4 meeting that could eventually turn an outdated mall and 1960s office tower, both on Hamilton Avenue, into more than 1,200 apartments, bringing new residents and potential life to an area of the city defined by office buildings and municipal parking. The city gave site plan approval to a residential and commercial redevelopment known as Hamilton Green that would replace White Plains Mall at the intersections of Hamilton, Dr. Martin Luther King Jr. Boulevard, Cottage Street and Barker Avenue. The city separately approved a plan for a residential redevelopment of the former AT&T headquarters at 440 Hamilton Ave.

HAMILTON GREEN

From Port Chester-based Street-Works Development, the approved site plan would tear down the mall and replace the block with a plaza of open public space surrounded by four separate buildings, each hosting a mix of apartments with street-level stores and restaurants. One building would include about 27,000 square feet of coworking space. The retail portion would be » HAMILTON AVE.

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Edmond DeLaurentis Jr. said, “We’re bringing it back to a Class A building. Photo by Ryan Deffenbaugh.

New owners, new plans AFTER $4.25M DEAL, PARTNERS IMPROVING PORT CHESTER GATEWAY OFFICE BUILDING

BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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new ownership group is bringing a new strate�y to One Gateway Plaza, the 40,000-square-foot glass office building at the southern end of the village of Port Chester. Port Chester Gateway LLC, a company affiliated with Edmond DeLaurentis Jr. of DeLaurentis Management

TRUSTCO BANK Your Home Town Bank R

Corp. and James K. Coleman of Houlihan-Parnes Realtors LLC, bought the 55 S. Main St. office building earlier this summer for $4.25 million. The four-story building has been undergoing renovations since. DeLaurentis met the Business Journal for an interview at the site on Aug. 30, as painting crews smoothed over the building’s white facade. “We’re bringing it back to a Class A building,” DeLaurentis said. “We think this is a fantas-

tic location. It is the gateway to Port Chester and we’re very excited about making our mark in Port Chester.” That means redoing all the parking lots, restoring the building’s facade and improving landscaping. The building’s lobby and common areas will be repainted and a new LED directory screen will guide visitors from the main lobby. A small coffee and sandwich shop is in » GATEWAY OFFICE

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