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The proposed apartment building at 229 Willett Ave. would be six stories tall, comprising 10 studio apartments, 40 one-bedroom units, 20 two-bedroom units and 10 three-bedroom units.
The property was acquired through a two-day online auction.
"We're pushing forward with a pretty ambitious growth plan," Jordan said.
The firm will aim at high-growth markets across the Southeast and Southwest.
"Credit is not getting looser, it's getting tighter," said Withers.
The offering includes industrial and residential properties and two parking lots.
“With the ongoing migration from New York City, we anticipate multifamily development in the suburbs will reach a high in the next two years,” said Sarah Jones-Maturo, president of RM Friedland.
The development is on the former site of the Showcase Cinemas multiplex.
The buildings were originally constructed in 1905.
There was strength in Westchester’s multifamily and industrial real estate sectors in the fourth quarter of 2019 while some leasing weakness was evident in...
The property dates back to the 1860s.
Industrial and flex properties, along with multifamily apartment buildings, continued to be in high demand in Westchester County during the third quarter of the...
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