Core4Capital looks to transform workplaces and add to portfolio

Last month, Core4Capital Corp. President and CEO Steven Spitz welcomed the tenants of 2975 Westchester Ave. in Harrison to a ribbon-cutting of the building’s new fitness center. The gym boasts state-of-the-art exercise equipment, high-definition TVs and a wall art collection featuring celebrity fitness icons like Arnold Schwarzenegger, Jane Fonda, Chuck Norris, Richard Simmons and Jack LaLanne.

The fitness center serves as a prime example of Core4Capital’s interest in upgrading its Westchester County workspaces. As the demand for high-quality residential spaces continues to surge in Westchester, with new luxury apartment complexes dotting the landscapes of New Rochelle, White Plains and beyond, Core4Capital wants to bring the same sophistication and comfort to the business world.

Since acquiring 399 Knollwood Road in White Plains in 2015 and 2975 Westchester Ave. in 2018, the company has undertaken extensive renovations to enhance both properties.

The two buildings underwent comprehensive upgrades, including new landscaping, lighting, carpeting and paint. Core4Capital also has significant art holdings, commissioning artist Jenna Krypell’s three-story “Ascend,” an acrylic resin work, for permanent display in the lobby at 399 Knollwood. While that building already had a fitness center, Core4Capital refreshed the space with new equipment and amenities and remodeled the building’s restrooms. Plans are in development to remodel and upgrade the café in 2025.

Meanwhile, 2975 Westchester Ave. received an even more dramatic transformation, with the new 1,700-square-foot fitness center, complete with showers and lockers. The cafés and restrooms are scheduled for updates in 2025. Pickleball courts, EV charging stations and expanded covered parking with energy- efficient solar panels are just a few of the plans under consideration for the near future.

The company is also looking to increase its Westchester footprint dramatically. While Core4Capital has properties in Manhattan as well, Spitz identified Westchester as a prime market for future acquisitions and developments.

“We are deeply invested in Westchester County,” he said. “The more friendly business environment and the decades-long oversupply of generic office product in the Westchester market create ample opportunity, making it an ideal location for our growth strategy. We are focused on acquiring, upgrading and modernizing ideally located properties best suited for today’s general and medical office users. Our goal is to make our office buildings into convenient and comfortable places that people genuinely look forward to coming to.”