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Mixed-use development

Real Estate
Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M
Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M A massive production studio and waterfront development site in downtown Catskill is heading to auction, offering a rare investment opportunity at nearly half its original listing price. The 20,208-square-foot Lumberyard, a New York State Qualified Production Facility, will be sold to the highest bidder on Wednesday, March 20. Originally listed in 2023 for $11.5 million, the property now has a reserve price of $6.35 million — about 45 percent lower than its initial asking price. The auction follows Gov. Kathy Hochul’s recent announcement of a $10 million state grant to revitalize downtown Ca…

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by Chris Spiker
Real Estate
First Tenants Move In At All-New Apartment Towers In Westchester First Tenants Move In At All-New Apartment Towers In Westchester
First Tenants Move In At All-New Apartment Towers In Westchester A new development boasting two residential towers in the downtown area of a Westchester County city has welcomed its first tenants.  The first move-ins at 25 North Lex, a mixed-use residential community in downtown White Plains on North Lexington Avenue, were announced by developer Greystar on Tuesday, Aug. 20. The 813,346-square-foot development, located directly across from the White Plains Train Station, features 500 luxury residences. These include studio, one-, two- and three-bedroom residences with open floor plans, floor-to-ceiling windows, in-home washers and dryers, …

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by Ben Crnic
Real Estate
Officials Approve $458M Mixed-Use Residential Towers In Westchester With Affordable Units Officials Approve $458M Mixed-Use Residential Towers In Westchester With Affordable Units
Officials Approve $458M Mixed-Use Residential Towers In Westchester With Affordable Units City officials in Westchester have approved financial incentives for a $458 million mixed-use residential complex that will include several affordable apartments within its two towers.  Financial incentives for the Teutonia Hall project, a mixed-use residential complex planned to feature two luxury 41-story towers in Yonkers at 4 Buena Vista Ave., were approved by the Yonkers Industrial Development Agency on Thursday, Feb. 29.  The project, which will be constructed in two phases, will include a total of 906 apartments, 91 of which will be affordable. Additionally, the comple…

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by Ben Crnic
News
Groundbreaking: Former Mall In Westchester To Be Turned Into 860 New Apartments Groundbreaking: Former Mall In Westchester To Be Turned Into 860 New Apartments
Groundbreaking: Former Mall In Westchester To Be Turned Into 860 New Apartments Construction of a $650 million mixed-use development that will include 860 new apartments has started at the site of a former mall in Westchester County.  The groundbreaking of the Hamilton Green development in White Plains, located at the site of the old White Plains Mall at 200 Hamilton Ave., was held on Thursday, Dec. 8, according to RXR, a developer behind the project along with the Cappelli Organization.  The mall, which opened in 1972, was demolished in August 2022 to make way for the new project, which will consist of four mixed-income multifamily buildings, RXR o…

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by Ben Crnic
Business
Owners Looking To Transform Mall In Westchester County Owners Looking To Transform Mall In Westchester County
Owners Looking To Transform Mall In Westchester County The owners of a Westchester County mall are teaming up with prominent real estate players to turn the site into a mixed-use residential and commercial development.  The owners of The Galleria at White Plains located at 100 Main St. (Route 119), Pacific Retail Capital Partners (PRCP) and Aareal Bank, are teaming up with real estate developers SL Green Realty Corp. and the Cappelli Organization to transform the mall, according to an announcement by PRCP from Thursday, Nov. 3.  The 870,000-square-foot Galleria opened in 1980 in downtown White Plains and is near a major mass…

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by Ben Crnic
Real Estate
Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building
Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building One of the most prominent vacant commercial sites in Northern Westchester could be getting a multi-million dollar facelift to transform it into a massive mixed-use building. A proposal to transform Yorktown Green into a mixed-use development featuring 150 apartments, ground-level retail locations, and a new supermarket was introduced to the Town Board this week to much fanfare. According to Olster Properties, the 15-acre development in the heart of Yorktown Heights on Downing Drive would include the demolition of the current 90,000-square-foot building that was the home of a defunct Kmart …

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by Zak Failla