Toll Brothers Purchases Rights to The Collection in White Plains for $32 Million

Rendering of The Collection, a mixed–use project in White PlainsRendering of The Collection, a mixed–use project in White Plains

The Westchester County Industrial Development Agency (IDA) recently approved Toll Brothers‘ $32 million acquisition of development rights and financial incentives for The Collection, a mixed-use development on the eastern edge of downtown White Plains.

The IDA originally granted building rights and tax exemptions in excess of $3.3 million to the local arm of Saber Chauncey Real Estate Advisors. According to Saber Chauncey principal Martin Berger, the concept of the development had shifted from largely retail to a majority residential building. Saber Chauncey’s existing portfolio and ongoing projects primarily include retail, commercial, and hotel properties.

The Collection campus will eventually include two adjacent buildings located at 138-158 Westmoreland Avenue and 81-100 Westchester Avenue. Together, the structures will contain 24,526 square feet of retail space, 716 parking spaces, and 276 residential units. A portion of the residential component will be reserved for low-income households and individuals.

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