JV Breaks Ground on Suburban New York Community
- Aug 21, 2020
A partnership between development firms The NRP Group and RPW Group has broken ground on a 303-unit apartment community in White Plains, N.Y.
Located on a 70-acre site that formerly served as the world headquarters of computer giant IBM, the community will be comprised of 3 five-story buildings with a mix of one-, two- and three-bedroom apartment units. Interiors will feature contemporary finishes, upgraded appliance packages and balconies in select units.
Community amenities at the property, which will be outfitted with solar panels, include a swimming pool, gym, telecommuting spaces and indoor/outdoor recreation spaces.
The residential project is part of the first mixed-use office park in Westchester County, according to the development team. RPW Group owns and operates a 620,000-square-foot office complex adjacent to the forthcoming residential community. With the addition of the residential component, RPW Group was able to diversify the mix of uses at the site, something the developer had wanted to do for years, according to Andrew Weisz, the company’s executive vice president.
According to New York Yimby, the Class A project was granted preliminary approvals by the Westchester County Industrial Development Agency in April 2019.
Located at 1133 Westchester Ave., the community is close to Interstate 287 and Hutchinson River Parkway, two major thoroughfares in the area. The property will also offer residents access to an on-site shuttle service to the White Plains Metro-North train station. In prepared remarks, White Plains Mayor Tom Roach said the development of the “live-work” community amid the coronavirus pandemic is an encouraging sign for the town.
A recent report from Yardi Matrix ranked White Plains as one of the top 5 markets for transaction growth in the first five months of 2020. According to the study, completions were forecast to reach a record of 2,835 units this year. However, it’s still unclear how many of the 18 projects initially slated for completion in 2020 will come online by the end of the year.