The Real Deal New York

Four projects in Westchester receive $28.4M in financial benefits

July 05, 2018 12:32PM

Two economic development agencies in Westchester County will help fund mixed-use projects in White Plains and Pelham and senior facilities in Ossining and at Purchase College, the Westchester County Business Journal reported. The Westchester County Industrial Development Agency and the Westchester County Local Development Corp. committed a total of around $28.4 million in financial benefits, including sales and mortgage tax exemptions, to the projects last week, the outlet reported. The White Plains mixed-use project, dubbed The Connection, will house 276 apartments and 24,526 square feet of retail space, while the Pelham project will comprise a pair of five-story buildings that house 58 apartments, 4,370 square feet of retail space and parking spots. [WBJ]