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The smaller of the two projects – NRP’s $63 million Lincoln Renaissance Apartments – is arguably the more transformative proposal.
“First Republic Bank has wrongfully failed and refused to surrender to LRC $625,167 of insurance proceeds.”
247 North Avenue Associates LLC, which gives its address as being in care of developer Louis Cappelli’s Cappelli Organization in White Plains, is seeking...
Cappelli’s lien “is not entirely invalid on its face,” the judge ruled in denying Old Post Road Associates’ petition to discharge the lien.
About a third of its 325 residential units have already been leased.
For the first phase of the development, rents are priced at $1,800 per month for the tower’s 20 studio apartments, $2,500 a month for its 175 one-bedroom apartments and $3,500 a month for the 150 two-bedroom units.
A decade after the developer tried building a 1.15-million-square-foot project on LeCount Place, it has proposed a vastly scaled-back project.