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Tag: 440 Hamilton Ave.
Sales tax exemptions and mortgage abatements are among the most common benefits the Westchester IDA provides and have been seemingly routinely granted to developers of projects in White Plains.
According to White Plains Mayor Tom Roach, since his first days on the Common Council, “I sought ways to try and shift the burden off of our local taxpayers, and this is one of the ways that we do that.”
The two separate projects could eventually turn an outdated mall and 1960s office tower, both on Hamilton Avenue, into more than 1,200 new apartments.
The plan, designed by White Plains-based Papp Architects PC, includes 245 rental apartments, with 25 units designated as affordable at 80 percent of area median income for Westchester.
The plan calls for 245 apartments, including 25 affordable units and seven “maisonette” duplex units with direct street access.
The Long Island owner of the former AT&T building in downtown White plains plans to convert the 12-story tower to residential use.