Westchester IDA approves $33M in tax breaks for three developers

April 04, 2019 03:07PM

Three developers have secured preliminary approval for a total of $32.87 million in tax breaks for projects in White Plains from the Westchester County Industrial Development Agency, the Westchester County Business Journal reported. WP Mall Realty’s Hamilton Green project received approval for  $17.5 million in tax breaks; Lennar Multifamily got approval for $12.5 million in tax breaks to redevelop the former Westchester Pavilion; and a third developer got the go-ahead on $3.22 million in tax breaks for a planned 5-story independent living facility known as the Waterstone, according to the outlet. The projects are expected to cost around $1.2 billion to complete, the outlet reported. [WBJ]