Nashville-based developer plans multifamily conversion for White Plains YMCA

TRD New York /
Oct.October 03, 2018 10:22 PM

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]


Related Articles

arrow_forward_ios
Finger and Finger principal Kenneth Finger and landlord activist Jeff Hanley with Westchester (Credit: iStock)

Westchester group lobs its own constitutional challenge to New York’s rent law

Westchester group lobs its own constitutional challenge to New York’s rent law
Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)

The Seychelles to auction off estate at a discount after diplomat’s divorce

The Seychelles to auction off estate at a discount after diplomat’s divorce
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
Paul Simon’s Connecticut estate is on the market for $14M

Paul Simon’s Connecticut estate is on the market for $14M

Paul Simon’s Connecticut estate is on the market for $14M
Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more
This new bill is taking aim at property taxes for golf courses — including Trump’s

This new bill is taking aim at property taxes for golf courses — including Trump’s

This new bill is taking aim at property taxes for golf courses — including Trump’s
Placeholder image

Rockland County’s troubled Time Nyack Hotel gets a new owner

Rockland County’s troubled Time Nyack Hotel gets a new owner
Placeholder image

Edge-on-Hudson developers enlist architect for parks and paths

Edge-on-Hudson developers enlist architect for parks and paths
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...