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

TRD New York /
Apr.April 04, 2019 03:07 PM

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]


Related Articles

arrow_forward_ios
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

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

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

Placeholder image

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

Placeholder image

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

Placeholder image

Report finds Norwalk and Stamford have highest rents in Connecticut

arrow_forward_ios