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“We believe that Stamford has emerged as a legitimate urban residential mecca,” says LMC Divisional President, New York/Tristate Area Greg Belew.
Lennar bought the properties at 9 Mitchell Place and 131 Mamaroneck Ave. through a single deed recorded Oct. 3 from Devon Plaza Realty, which lists an address in Manhattan in care of JAH Realty LP.
The plans are an update to a $275 million redevelopment of the property the city approved two years ago for the same company.
To a crowd of about 230 at the C.V. Rich Mansion in White Plains, the panel of developers discussed trends pushing young professionals to Westchester and Fairfield and the challenges in meeting that demand and creating the type of communities people want to live in.
Greg Belew, Lennar Multifamily Communities’ city president for the New York tristate region, told the Business Journal that the company is reworking plans for its major redevelopment of the former Westchester Pavilion mall site.
Alliance Residential Partners, one of the country's largest private integrated multifamily real estate companies, has filed plans with the city to build the project, called Broadstone White Plains, at the corner of Mamaroneck Avenue and East Post Road.