The real estate market continues to blossom with new construction developments throughout lower Westchester County, as well as those large development projects within Manhattan. In this period, developers are uncovering locations primed for development that had not come to fruition previously. These new constructions projects are composed of varied lifestyle communities appropriate for the local market.
White Plains is bustling with new construction condominium and rental housing projects. Recently, White Plains approved the $275 million dollar South Broadway redevelopment project. Lennar Multifamily communities LLC in Virginia spearheads the South Broadway, new construction project. Located on the site of the former Westchester Pavilion shopping mall that was home to the Sports Authority, Borders Books and Toys R Us the site is being reconfigured for today’s downtown White Plains real estate marketplace. The mixed-use real estate development will consist of rebuilding the site with 993, 840 square feet of both residential and commercial aspects. The 93,840 commercial aspect of the real estate project will be made up of 77,340 square feet of retail space complimented by 16,500 square feet of restaurant space. The residential component have magnificent views from atop the two 280 feet tall, 24 story apartment buildings. There are 707 residential units planned for the South Broadway project located in the heart of White Plains near other conveniently located retail shopping, such as the Westchester Mall, Bloomingdale’s and The Source.
Moreover, luxury condominiums are creating a new skyline in White Plains.