The Real Deal New York

Joint venture to bring two new apartment buildings to White Plains

December 12, 2018 06:28PM

A pair of new apartment buildings are heading to downtown White Plains. A joint venture led by Martin Berger, a principal at Armonk-based Saber Real Estate Advisors, and Jonathan Stein, a founding partner of the development team behind Diversified Realty Advisors, plan to build a total of 127 apartments on two Hale Avenue lots, the Westchester County Business Journal reported. A seven-story building will house 70 apartments, while an eight-story building will house 57 apartments. The plans for the two buildings, drawn up by New Jersey-based architectural firm Minno & Wasko, “will offer amenities more appropriate for people downsizing, such as empty nesters, than the millennial demographic,” the outlet reported. The approximately $48 million project has already secured the approval of the city’s Common Council. [WBJ]