From the Westchester market report: Louis Cappelli was not going to be outdone.
In the mid-2000s, as the suburban developer was building Trump Plaza, a high-rise condo in downtown New Rochelle, he learned that a rental building going up around the corner, Avalon on the Sound East, was going to be taller.
Not just taller. It would have been Westchester’s tallest building.
So Cappelli, a frequent business partner and friend of President Donald Trump, decided to add an extra floor to the Trump building to make it 40 stories, even though that meant revising plans and other added costs, according to an account shared by people close to the project that the developer confirmed. [more]