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The decision to sell, developer Martin Berger said, is “bittersweet any time you spend five years or more on a project.”
The approvals, including three that are preliminary and one that is final, grant mortgage tax and sales tax exemptions and authorize bond financing.
The project, from the Rivertowns Square team, will add about 25,000-square-feet of retail and restaurant space along Westchester Avenue with 276 apartments.
The project, first reviewed by the White Plains Common Council in 2015, has been renewed in a scaled-down form by development partners in Saber White Plains LLC, an affiliate of Armonk-based Saber Real Estate Advisors LLC, and Chauncey White Plains LLC, an affiliate of Chauncey Station Partners.