The Real Deal New York

Nashville-based developer plans multifamily conversion for White Plains YMCA

October 03, 2018 10:22PM

In April, the YMCA of Central and Northern Westchester said it was planning to sell its building in White Plains. Now, Nashville-based developer Southern Land Company is in contract to purchase it, LoHud reported. The property on Mamaroneck Avenue was assessed at $27 million, according to the outlet. Southern Land won’t actually close on the property until next year, according to its senior vice president Dustin Downey, but it eventually plans to build “a mixed-use, multifamily building” on the 1.16-acre property. “Our goal is to keep the ‘Y’ open and keep the affordable housing there in place until we hopefully begin construction late next year,” Downey told the outlet. The YMCA decided to sell the building because it was in poor condition and cost too much to maintain. [LoHud]