One City Place in White Plains hits the market, could fetch $155M

An affiliate of JPMorgan Chase has put a 35-story apartment complex in White Plains on the market, according to Real Estate Alert. JPMorgan Asset Management bought One City Place from Louis Cappelli back in 2005. The building houses 311 apartment units, as well as a fitness center, a clubroom, a golf simulator, a children’s playroom, a resident lounge and a patio. It’s also next to Cappelli’s $320 million City Center development, which opened in 2003 and includes shops, a theater, parking garages and a Trump Tower condo, as well as two other residential buildings. The tower “could attract bids of about $155 million, or $490,000 per unit,” the outlet reported. CBRE is marketing the complex. [Real Estate Alert]