3THIRTY3, a 28-Story, 285-Unit Luxury Tower in New Rochelle, Reached Over 96% Occupancy in Less Than 11 Months
construction
RXR and The Cappelli Organization Break Ground on Hamilton Green: Former White Plains Mall to Transform into Mixed-Use, Transit-Oriented $650 Million Development
RXR and The Cappelli Organization Break Ground on Hamilton Green: Former White Plains Mall to Transform into Mixed-Use, Transit-Oriented $650 Million Development
Groundbreaking for Hamilton Green in White Plains
Groundbreaking for
Hamilton Green
Groundbreaking for Hamilton Green in White Plains Read More »
Groundbreaking: Former Mall In Westchester To Be Turned Into 860 New Apartments
Construction of a $650 million mixed-use development that will include 860 new apartments has started at the site of a former mall in Westchester County.
The groundbreaking of the Hamilton Green development in White Plains, located at the site of the old White Plains Mall at 200 Hamilton Ave., was held on Thursday, Dec. 8, according to RXR, a developer behind the project along with the Cappelli Organization.
The mall, which opened in 1972, was demolished in August 2022 to make way for the new project, which will consist of four mixed-income multifamily buildings, RXR officials said.
Of the 860 new apartments to be built at the site, 78 will be affordable units. The site will also include dining, retail, and commercial spaces, according to RXR officials.
The development will be constructed in two phases. The first phase, which has started and is estimated to be completed by 2025, will consist of a 12-story, 162-unit building at 7 Cottage Pl., and a 25-story, 308-unit tower at 240 Hamilton Ave., RXR officials said.
The second phase of the project will build 390 more units as well as 45,000 square feet of retail space, according to RXR.
“We are incredibly excited to break ground on the first phase of Hamilton Green. This is a unique opportunity to develop our first project in White Plains and convert a defunct shopping mall into a much-needed, 470-unit mixed-use residential community and commercial site,” said Joseph Graziose, Senior Vice President of Residential Development at RXR.
“The City of White Plains seeks to transform idle, underperforming downtown sites into vibrant, pedestrian-friendly spaces,” said White Plains Mayor Thomas Roach, who also said the new development would be a “vibrant, pedestrian-friendly, sustainable space that offers diverse housing.”
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Ground breaks for new development at former White Plains Mall site
Groundbreaking ceremony for Hamilton Green, the new housing development by RXR and the Cappelli Organization, on the former White Plains Mall site Dec. 8, 2022 in White Plains.
https://www.yahoo.com/news/ground-breaks-development-former-white-202312518.html
Tania Savayan, Rockland/Westchester Journal News
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In White Plains, N.Y., the Long Death of an Old Mall
Many people think dying malls should be torn down and housing built in their place, but the process still often takes years
By Kate King
https://www.wsj.com/articles/in-white-plains-n-y-the-long-death-of-an-old-mall-11670331620
In White Plains, N.Y., the Long Death of an Old Mall Read More »
PRCP and Aareal Bank form JV with SL Green & The Cappelli Org.
White Plains, NY Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria at White Plains, have formed a new joint venture partnership with SL Green Realty Corp. and the Cappelli Organization.
The Galleria, which opened in 1980, consists of approximately ten acres located in a Qualified Opportunity Zone next to a mass transit hub of Metro-North. The area over the last decade has seen a near complete transformation. High-rise residential towers have already drawn thousands of new residents. The 870,000 s/f mall has become a focal point in completing the reimagination of downtown.
“This is one of the most exciting mixed-use development sites in the New York Metro Area,“ said Steve Plenge, CEO of PRCP. “We have worked over the past few years to acquire the Macy’s fee interest at the site, along with the leasehold interest of the former Sears. Working with our new partners, we will reimagine the site as a vibrant mixed-use project that will be centered on residential development and amenity-based retail.
PRCP, together with its new partners, is dedicated to creating a unique and strategic vision through master planning efforts and design for the Galleria at White Plains to transform it for the next generation.
The two new partners bring local multi-family and office experience to the partnership. SL Green is one of the largest owners of office real estate in New York City and Westchester County. The Cappelli Organization has been involved with numerous residential, office and retail development projects in greater Westchester County.
“We are extremely pleased for the opportunity to join with SL Green, Aareal Bank Group and Pacific Retail Capital Partners in the redevelopment of The Galleria site,” said Louis Cappelli, CEO of the Cappelli Organization. “The reimagining of this property is integral to the dramatic transformation of downtown White Plains that is well underway. We are fortunate to be able to play a role in recreating the property with mixed uses which will link the city’s transit center with the Mamaroneck Avenue corridor. The Galleria redevelopment comes as our company, is beginning the redevelopment of the former White Plains Mall property into Hamilton Green, also a mixed-use project. Together, the two major projects will effectively complete the transformation of the downtown that began as an Urban Renewal project more than 50 years ago.”
“The Galleria at White Plains is an important property in Westchester County and the region. With our experienced real estate partners, the new masterplan and design will build upon the remarkable renaissance under way in Downtown White Plains,” said Plenge. “The existing Galleria White Plains has been a community staple for many years. We anticipate closing a portion of the mall in early 2023 to evolve the asset and rebalance the mix of uses through a transformative development to meet the needs of the next generation.” Plenge added.
https://nyrej.com/prcp-and-aareal-bank-form-jv-with-sl-green-the-cappelli-org
PRCP and Aareal Bank form JV with SL Green & The Cappelli Org. Read More »
3THIRTY3 Tower Opens ‘Up’ In New Rochelle
https://patch.com/new-york/newrochelle/3thirty3-tower-opens-new-rochelle
NEW ROCHELLE, NY — If you ever wonder what the future will look like, look no further than the New Rochelle skyline. The future is here and it comes with a self-driving electric car.
New Rochelle and Westchester County officials joined representatives from the Cappelli Organization last Saturday to celebrate the grand opening of 3THIRTY3, a 28-story tower featuring 285 luxury apartments with high-end amenities, including two shared Teslas and indoor/outdoor recreational spaces.
“We are thrilled by the tremendous response we’ve received to this exciting and extraordinary new building. With 3THIRTY3 we are taking New Rochelle’s luxury rental market to a whole new level with world class amenities,” Louis R. Cappelli, Chief Executive Officer of the Cappelli Organization, said opening the new residential tower. “We are particularly pleased to be part of the remarkable renaissance underway in downtown New Rochelle.”
Centrally located at 333 Huguenot Street in downtown New Rochelle, 3THIRTY3 is a soaring glass tower featuring apartments with white quartz countertops, energy-efficient stainless-steel appliances and luxury vinyl plank flooring. Each apartment has walk-in closets with built-in shelving and floor-to-ceiling windows with spectacular panoramic views of the Long Island Sound and New York City.
“Louis Cappelli was among the key pioneers whose vision and confidence helped bring about the positive transformation of downtown New Rochelle,” New Rochelle Mayor Noam Bramson said. “Now, at 3THIRTY3, he takes our downtown to a new level, with design and amenities that establish the highest standards for our community and that reflect our aspirations for sustainable growth. The opening of 3THIRTY3 is yet another example of New Rochelle’s forward momentum, as we evolve into the best city in the region to live, work, and grow.”
Apartments are equipped with smart home systems, keyless entry, multiple zone heating and air conditioning, a full-sized stacked washer & dryer with built-in linen shelving and a run-quiet dishwasher. Monthly market rents range from $2,090 -$2,360 for studios, $2,495 – $4230 for 1-bedroom units and $3,450 – $4,925 for 2-bedroom units.
SEE ALSO: Lottery Open For 29 Affordable Units In New Rochelle Luxury Tower
Luxury amenities at 3THIRTY3 include 24/7 concierge service with a package room, dry-cleaning pickup/delivery, co-working spaces, exclusive resident access to two on-site Teslas, over 240 on-site parking spaces with electric car charging stations, and on-demand access to top-of-the-line home products via TULU.
With a focus on wellness, residents at 3THIRTY3 have access to a cardio and weight training health club, featuring Pilates, yoga, and an aerobics studio. There is also an exclusive full spectrum infrared sauna and New Rochelle’s only all-season indoor/outdoor swimming pool.
Residents will also have use of a multimedia lounge, a full-swing golf multi-sport simulator with brew bar, a mixology lounge, a professional chef’s event kitchen, an outdoor terrace with a fire pit, a grilling area and a pizza oven. There is even a pet spa with a grooming station.
Since the start of leasing a few months ago, more than 50 percent of the apartments are leased and 120 new residents have already moved in.
3THIRTY3 is one of two 28-story towers that comprise the 435,000-square-foot Centre at Huguenot complex. A second 28-story building with 249 apartments and ground-level retail space is under construction directly across the street with an expected completion date of November 2023.
3THIRTY3 Tower Opens ‘Up’ In New Rochelle Read More »
