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Real Estate Development

Business
Developer Closes Deal On 203-Unit Mixed-Income Housing Parcel In Westchester County Developer Closes Deal On 203-Unit Mixed-Income Housing Parcel In Westchester County
Developer Closes Deal On 203-Unit Mixed-Income Housing Parcel In Westchester County A major real estate developer has closed on the purchase of a fully-entitled parcel in Westchester County that is planned to be a mix of rental housing, retail space, and community facilities. The Hudson Companies (Hudson) acquired a parcel in Port Chester located at 27-45 North Main St. (Route 1) and 28 Adee St. that will be developed into 203 mixed-income residential units in addition to commercial space, according to an announcement by the company from Wednesday, Nov. 9.  The future development, which has not yet been named, will feature a mix of studio, one-bedroom, and t…

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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
Politics
Trump Issues Last-Second Pardon To Fox News Host Jeanine Pirro’s Former Husband Al Pirro Trump Issues Last-Second Pardon To Fox News Host Jeanine Pirro’s Former Husband Al Pirro
Trump Issues Last-Second Pardon To Fox News Host Jeanine Pirro’s Former Husband Al Pirro As the clock ticked down on his time in the Oval Office, former President Donald Trump issued one last pardon - for the ex-husband of former Westchester County District Attorney Jeanine Pirro, the fiery Fox News host. A total of 143 pardons were issued by Trump on his last full day in office on Tuesday, Jan. 19. But after Trump left Washington, D.C. for Florida on Wednesday morning, Jan. 20, it was announced that Trump had issued one more pardon - for Mount Vernon native Albert Pirro, who was convicted in 2000 on conspiracy and tax evasion charges. The announcement was made public as t…

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by Zak Failla
Real Estate
New Apartments Planned For Iconic White Plains YMCA Site New Apartments Planned For Iconic White Plains YMCA Site
New Apartments Planned For Iconic White Plains YMCA Site One of the area’s biggest, busiest and most iconic YMCA locations is being torn down and replaced by apartments in White Plains. Last April, officials from the YMCA of Central and Northern Westchester announced that it would be selling its home at 250 Mamaroneck Ave. in White Plains. They stated that their intention was to move to a non-facility YMCA model that could offer new services for members. A Tennessee-based developer purchased the property in October last year and announced plans to tear down the building and replace it with an eight-story multi-family building with nearly 175 apar…

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by Zak Failla
Real Estate
$95M Apartment Complex Planned For Westchester Avenue In White Plains $95M Apartment Complex Planned For Westchester Avenue In White Plains
$95M Apartment Complex Planned For Westchester Avenue In White Plains A $95 million development will replace a parking lot across from a busy office building in the heart of Westchester County's I-287 corridor. The Westchester County Industrial Development Agency (IDA) approved measures to provide financial incentives for the complex that would be constructed at 1133 Westchester Ave. in White Plains. According to the IDA, the complex would be comprised of three separate five-story buildings on a 20-acre site with a total of 303 one- two- and three-bedroom apartments. Of those units, 19 would be deemed affordable. The amenities planned at the site include a …

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by Zak Failla
Real Estate
Hundreds Of New Apartments Proposed For 1133 Westchester Avenue Hundreds Of New Apartments Proposed For 1133 Westchester Avenue
Hundreds Of New Apartments Proposed For 1133 Westchester Avenue Developers in Westchester have announced a proposal to create more than 300 apartments in Westchester. Officials announced the proposal to the Common Council late last month. The plan would create 303 apartments in a commercial complex that already includes a daycare center and other businesses on Westchester Avenue in White Plains. Of the 303 proposed units, 10 percent would be deemed affordable, and the building would include solar energy options. According to reports, the development would not require any zoning changes and construction could begin as soon as next year. The proposal cal…

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by Zak Failla
News
Con Edison Issues Gas Moratorium For Lower Westchester Con Edison Issues Gas Moratorium For Lower Westchester
Con Edison Issues Gas Moratorium For Lower Westchester While Westchester County remains one of the preeminent hotspots for real estate development in the country, Con Edison may be throwing a wrench in developers’ hands with a gas moratorium. Con Edison issued an announcement over the weekend stating that the demand for new gas has surpassed its limits in the Southern Westchester area, prompting them to stop accepting new customers in Westchester beginning in March. “The demand for natural gas in our service area has been experiencing significant growth primarily due to the construction of new buildings, the opening of new businesses, and conve…

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by Zak Failla
News
Westchester Developer Admits To Ponzi Scheme, Could Face Decades In Prison Westchester Developer Admits To Ponzi Scheme, Could Face Decades In Prison
Westchester Developer Admits To Ponzi Scheme, Could Face Decades In Prison A real estate developer has admitted to operating a years-long Ponzi scheme that included properties in Westchester. Michael D’Alessio, 53, has pleaded guilty to one count of committing wire fraud and one count of concealing assets from a bankruptcy court. He faces up to 20 years in prison and hundreds of thousands of dollars in fines when he is sentenced on March 22 next year. The elaborate scheme involved defrauding investors of luxury real estate developments in Manhattan, the Hamptons, Westchester and other locales. D'Alessio is the former president and CEO of real estate deve…

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by Zak Failla
Real Estate
Westchester Real Estate Developer Charged In Investment Scheme Westchester Real Estate Developer Charged In Investment Scheme
Westchester Real Estate Developer Charged In Investment Scheme A real estate developer is facing up to two decades behind bars for operating an alleged years-long Ponzi scheme that included properties in the Hudson Valley. Michael D’Alessio, 52, has been charged with committing wire fraud in connection to his elaborate scheme to defraud investors in luxury real estate developments in Manhattan, the Hamptons, Westchester and elsewhere. D'Alessio is the former president and CEO of real estate development firm Michael Paul Enterprises in White Plains. A career real estate developer and contractor, D’Alessio was the CEO of an investment and development fi…

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by Zak Failla
Real Estate
Proposed Elmwood Country Club Townhouse Development Up To 175 Units Proposed Elmwood Country Club Townhouse Development Up To 175 Units
Proposed Elmwood Country Club Townhouse Development Up To 175 Units The new owner of the former Elmwood Country Club in Greenburgh wants to build a 175-unit townhouse community for people age 55 and older.Ridgewood Real Estate Partners, which bought the 106-acre mostly open space along Dobbs Ferry Road for $13 million last year thinks that senior citizens remain an underserved population in Westchester County. Officials at the U.S. Department of Housing and Urban Development who battled former County Executive Rob Astorino for years over a HUD lawsuit settlement, mostly agree, as reported here by Daily Voice.  The former golf course's neighbors -- similar t…

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by Jon Craig
News
Hudson Valley Real Estate Consultant Admits To Federal Voter Fraud Hudson Valley Real Estate Consultant Admits To Federal Voter Fraud
Hudson Valley Real Estate Consultant Admits To Federal Voter Fraud A Hudson Valley man is facing time behind bars after pleading guilty to conspiring to corrupt the electoral process in connection to a New York election. Orange County resident Volvy “Zev” Smilowitz, 29, has pleaded guilty to “the biggest federal voter fraud cause in the modern era,” according to Geoffrey Berman, the United States Attorney for the Southern District of New York, who announced the guilty plea on Tuesday. According to the indictment that Smilowitz, of Monroe, pleaded guilty to, beginning in 2006, while serving as a consultant, he, Shalom Lamm and Kenneth Nakdimen, real estate …

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by Zak Failla
Real Estate
Plan Moves Forward For Luxury Golf Community In Westchester Plan Moves Forward For Luxury Golf Community In Westchester
Plan Moves Forward For Luxury Golf Community In Westchester Plans to transform the Hampshire Country Club in Mamaroneck into a luxury residential golf community took another step forward with the close of the public comment period on the Draft Environmental Impact Statement (DEIS).  The Planned Residential Development (PRD), which is before the Village Planning Board for site plan approval, will now move into the Final Environmental Impact Statement (FEIS) stage. Called the Residences at Hampshire Country Club, the development will feature 105 ultra-luxury residential units, including 64 carriage homes designed to appeal to empty-nesters looking for…

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by Kathy Reakes
News
ID Released For Man Struck, Killed By Metro-North Train ID Released For Man Struck, Killed By Metro-North Train
ID Released For Man Struck, Killed By Metro-North Train Officials have identified the man fatally struck by a train near the Fairfield Metro-North as MTA Police detectives continue their investigation. Fairfield resident Alfred Lenoci, Jr., 55, was fatally struck by the train at approximately 5:15 a.m. on Wednesday morning, a Metro-North spokesperson said, when the 4:37 a.m. train from New Haven, due into Grand Central at 6:34 a.m., fatally struck him west of the station, near Grasmere Avenue in Fairfield. Lenoci is a well-known real estate developer who served prison time and was convicted in 2001 for his role in the corruption investigation of…

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by Zak Failla