Phase-two planning kicks off at $500M development in Hyde Park
Southern Land Company, the Nashville-based developer that is in contract to buy the building that houses the YMCA of Central and Northern Westchester in White Plains, plans to spend “north of $100 million” to build an 8-story, mixed-use structure at the site, the Daily Voice Plus reported. Southern Land’s northeast director of acquisitions Joseph Rossi told the outlet that the existing building will have to be demolished, as it’s been “very poorly maintained.” The developer will close on the 1.16-acre property after it secures the approvals it needs from the city for the project, which will reportedly include 173 apartments, on-site parking, a swimming pool and around 2,000 square feet of retail space. The Daily Voice also reported this week that the Westchester Industrial Development Agency had granted preliminary approval on a $1.8 million sales tax exemption for a $95 million development that will bring 303 apartments to a former office complex at 1133 Westchester Avenue in White Plains. The city’s downtown area currently has about $1.2 billion in development underway. [DVP]