Developer Louis Cappelli reports that the new building named Encore, located at 325 Huguenot St. in New Rochelle is now 95% leased. Cappelli had announced the opening and beginning of leasing at the building in December 2023. The 29-story building has 241 units along with a roster of amenities for residents including a recently opened spa. The spa features a sauna, steam room, Zen room and yoga room.
As of April, monthly market rents for apartments at Encore were $2,070 for studios, $2,615 for one-bedroom units and $4,350 for two-bedroom units. Among the apartments’ features are vinyl plank flooring, quartz countertops, stainless steel appliances, full-size washers and dryers, dishwashers, walk-in closets and floor-to-ceiling windows providing panoramic views that include Long Island Sound and New York City. The apartments are equipped with a smart home technology package with keyless entry, central heat and air conditioning, programmable smart thermostats, and high-speed internet and cable connectivity.
Additional amenities include a health club, Full-Swing multi-sport simulator, indoor putting green, multimedia lounge, rollerball mini bowling alley, ping pong lounge, co-working spaces and a children’s playroom. For entertaining, there is a professional chef’s event kitchen as well as an outdoor grilling area with pizza oven.
“We are delighted by the overwhelming response Encore has received from people looking for a luxurious residence with unmatched amenities and services with a convenient location in the heart of downtown New Rochelle,” said Louis R. Cappelli, CEO of the Cappelli Organization. Encore was developed by Cappelli Development and built by its affiliate, LRC Construction.
Encore is located directly adjacent to Cappelli’s 3THIRTY3, a 28-story tower that also had the vast majority of its units leased in the first year.
“We are very pleased with the continued success we have enjoyed in New Rochelle. This is a fabulous market for multifamily development,” said Cappelli.
