RXR agrees to build part of 860-unit White Plains project

Developer’s entrance looks to kickstart work on long-awaited Hamilton Green mixed-use complex

Tri-State /
Sep.September 29, 2021 01:15 PM

Scott Rechler (CEO, RXR Realty) & 200 Hamilton Avenue (Google Maps, rxrrealty.com)

The 860-unit Hamilton Green development project in White Plains is receiving a shot in the arm courtesy of one of the nation’s largest developers, RXR Realty.

Scott Rechler’s RXR will lead the first phase of construction, the Westchester and Fairfield County Business Journals reported. RXR agreed to the deal through a related entity, RX Hamilton Investor. The entity will serve as the developer of the project, according to attorney Mark Weingarted, representing seller WP Realty.

The development at 200 Hamilton Avenue will take shape at the site of the White Plains Mall. The conceptual development plan and site plan have already been approved, though the developers are seeking an extension on the latter, set to expire next week.

The project was given a $585 million valuation in 2019.

The approved project will include units spread across four buildings, along with 85,000 square feet for retail, 27,000 square feet for offices and 55,000 square feet of open space. The development also plans for 956 parking spaces.

The project is expected to be built in separated phases and construction can begin as soon as next year. The first phase would involve building 470 luxury rental units in two buildings, as well as a 30,000-square-foot marketplace and 45,000 square feet of open space, according to the report. In the first phase, there would be 56 affordable apartments created.

RXR does want to make some changes to the approved project. Those being considered include moving the planned four-story parking garage underground and ditching the 27,000-square-foot office space, a move that comes as Covid’s Delta variant continues to upend the return to office

[WestFair] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    RXR Realty head Scott Rechler and CBRE Tri-State CEO Mary Ann Tighe
    Rechler, Tighe know which real estate players will go extinct
    Rechler, Tighe know which real estate players will go extinct
    An aerial of 56655 Route 25 in Southold (Google Maps)
    Southold zoning board approves controversial hotel — with caveats
    Southold zoning board approves controversial hotel — with caveats
    Arkkan Capital’s Jason Brown (iStock)
    Ex-Goldman banker bets $245M on distressed China property debt
    Ex-Goldman banker bets $245M on distressed China property debt
    Mayor Bill de Blasio (Getty, iStock)
    NYC talked about converting hotels into affordable housing. Nothing’s happened yet
    NYC talked about converting hotels into affordable housing. Nothing’s happened yet
    Lincoln Equities, HIG nab $163M loan for Hudson Valley industrial complex
    Lincoln Equities, HIG nab $163M loan for Hudson Valley industrial complex
    Lincoln Equities, HIG nab $163M loan for Hudson Valley industrial complex
    (One Boerum Place)
    Luxury rentals prove loan-worthy in outer boroughs
    Luxury rentals prove loan-worthy in outer boroughs
    President Joe Biden (Getty, iStock)
    Biden’s broadband bucks could wire all of NY’s affordable housing
    Biden’s broadband bucks could wire all of NY’s affordable housing
    Arden plans to build 20-story project in Inwood Opportunity Zone
    Arden plans to build 20-story project in Inwood Opportunity Zone
    Arden plans to build 20-story project in Inwood Opportunity Zone
    arrow_forward_ios

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

    Loading...