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Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report
Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report Although demand for Westchester retail space and multifamily apartment complexes improved during the third quarter of 2024, the market for other commercial properties in the county did not fare as well, according to an all-new report.  The data regarding the county's commercial real estate market came from Houlihan Lawrence's Q3 Commercial Market Report, released on Tuesday, Oct. 29.  According to the real estate brokerage, demand for retail space in Westchester "continues to evolve rapidly," as consumers have healthy purchasing power and are on the lookout for "con…

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by Ben Crnic
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
News
45-Unit Apartment Building Proposed In Northern Westchester 45-Unit Apartment Building Proposed In Northern Westchester
45-Unit Apartment Building Proposed In Northern Westchester A new 45-unit apartment building that would also include retail space is being proposed for a downtown area in Northern Westchester.  The mixed-use building would be located in downtown Chappaqua at 50 North Greenley Ave., the site of a former Rite Aid, according to Chappaqua Town Supervisor Lisa Katz.  Katz said the current proposal includes: 45 studio, one-bedroom and two-bedroom apartment units, 12% of which would be affordable housing units; A new diner with indoor and outdoor seating; A net zero-carbon building with green space and decreasing impervious surfaces; …

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by Ben Crnic
Business
What Now After Westchester Pavilion Mall Project Stalls? What Now After Westchester Pavilion Mall Project Stalls?
What Now After Westchester Pavilion Mall Project Stalls? Nearly two years after a $275 million development project at the old Westchester Pavillion mall in White Plains was approved, the city continues to wait for progress from developers. A development to replace the mall, featuring two, 24-story residential towers was expected to bring up to 1,400 new residents to White Plains once completed. Instead, development has stalled as they await a new plan for the site from developers. The plan called for the mixed-use development to include 707 rental apartments, 16,500-square-feet of restaurant space, 77,340-square-feet of retail space and 93,840-sq…

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by Zak Failla