The Real Deal New York

Westchester & Fairfield Cheat Sheet: White Plains council greenlights 1,328 apartments in two major redevelopments  … & more

By Maya Rajamani | September 12, 2018 04:00PM

Clockwise from top left: Bedford Hills manor house with ties to England’s Earls of Essex seeks $12.5M, Wells Fargo unit scoops up vacant Toys “R” Us store in Norwalk for $3.9M, Trumbull office building will likely get a senior housing conversion, and a redevelopment plan for the White Plains Malls was just approved.

White Plains council greenlights 1,328 apartments in two major redevelopments
The White Plains Common Council last week approved a development called Hamilton Green, a replacement for the White Plains Mall. Pitched by Port Chester-based Street-Works Development, the project will include 860 apartments, a public plaza, a food hall, stores and co-working and flexible office space. Biederman Redevelopment Ventures will collaborate with Street-Works on the property, Westchester Business Journal reported. The council also approved plans from New York City-based Rose Associates to convert the office building at 440 Hamilton Avenue to a 468-unit residential property. [WBJ]

Former employee of Stamford’s Building and Land Technology sentenced in kickback scheme
An employee who used to work for a Stamford construction and development firm was sentenced to eight months in prison, four months of home confinement and three years of supervision after pleading guilty to conspiracy to commit wire fraud and filing a false tax return, the Fairfield County Business Journal reported. Javed Choudhry, who worked for Building and Land Technology, got between $250,000 and $500,000 in “cash kickbacks” from contractors between 2011 and 2014 after he sent millions of dollars in Stamford construction project contracts their way, according to the outlet. BLT lost millions in the process, the outlet reported, noting that Choudhry could have gotten up to 20 years in prison for the conspiracy to commit wire fraud count. [FBJ]

Wells Fargo unit scoops up vacant Toys “R” Us store in Norwalk
A Norwalk building that once housed a Toys “R” Us and Babies “R” Us has sold for $3.9 million, The Hour reported. A unit of Wells Fargo bought the property from the company, which filed for bankruptcy almost a year ago with more than $5 billion in long-term debt. The city of Norwalk valued the property at “more than $7.7 million as of 2016,” the outlet reported. It wasn’t immediately clear what the unit of Wells Fargo that purchased it plans to do with it. [The Hour]

91-year-old Bedford Hills manor house lists for $12.5M
A 1927-built manor house, inspired by the ancestral home of the Earls of Essex in England, has hit the market for $12.5 million. Windrush, at 518 Harris Road in Bedford Hills, was designed to look like Cassiobury House, a country house in England built in the 16th century, according to Vincent & Whittemore Real Estate, whose broker Ghy Manning has the listing. Cassiobury was demolished in the 1920s, but Windrush uses “salvaged elements from the original Cassiobury,” including Tudor bricks, period doors and 18th century paneling. The mansion sits on approximately 24 acres of land and has a terrace and Gunite pool. 

Developers plan senior housing conversion for Trumbull office building
A 250,000-square-foot office building in Trumbull that has been vacant since 2015 could become a senior housing community, the Fairfield County Business Journal reported. Senior Living Development LLC [SLD] and Silver Heights Development LLC bought the building and parking garage on Monroe Turnpike for around $3.4 million and plan to submit paperwork for the community next month, SLD’s Mark De Pecol told the outlet. “[Trumbull is] an underserved area, especially when it comes to the senior demographic,” he said. In 2015, United Healthcare moved out of the building, which was built in the 1980s. The developers will have to secure a zoning change to move forward with their plans. Construction could start next summer if they get fast approval, according to De Pecol. [FBJ]