Allstate Ventures has released renderings of Westchester Place, an upcoming three-building development in downtown New Rochelle that aims to transform the city’s civic center. The mixed-use project is being designed by Richard Bienenfeld Architect and will encompass 410,000 square feet of newly built space.
Construction is expected to break ground soon at 57 Alexander Street, a 440-unit residential building in Yonkers, New York, following approvals for a major financing package valued at $177.3 million. The deal was approved by the Yonkers Industrial Development Agency, a public benefit corporation that provides business incentives to enhance economic growth in the City of Yonkers.
New Rochelle recently granted approvals for the construction of what will be the largest-ever mixed-use development in the city’s history. Located at 11 Lawton Street, the dual-tower development will feature 143 condominiums, 453 rental units, and a 190-key hotel. Additional components include 8,102 square feet of restaurant and bar space, 2,953 square feet of retail space, and 627 on-site parking spaces.
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 Westchester City Planning Board has greenlit the development of Tryp Hotel by Wyndam at 115 Cedar Street in downtown New Rochelle. The 24-story hotel will contain 225 short stay rooms in addition to a flexible event center.