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Westchester has morphed from a sleepy bedroom community that rarely saw any interest from developers outside the county to a vibrant county attracting major developers.
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.”
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.
The buyer, Lennar Multifamily Communities, plans a $275 million redevelopment of the South Broadway property as a high-rise apartment and retail complex.