Construction Begins on 303-Unit Apartment Project in White Plains
Real Estate In-Depth | September 2020
WHITE PLAINS—In some good news in the times of COVID-19 for the Westchester County economy, The NRP Group announced on Aug. 31 it had broken ground on a new community of 303 market-rate apartments along the I-287 corridor in White Plains.
Situated on a 70-acre site at 1133 Westchester Ave. that previously served as the world headquarters of IBM, the project is being developed in partnership with Rye Brook-based RPW Group, which owns and operates the neighboring 620,000-square-foot office complex.
“As we continue to slowly reopen, we are thrilled to see economic activity, such as the construction of this live-work community, materializing before our eyes,” said White Plains Mayor Tom Roach. “The combined experience and track record of RPW and The NRP Group makes me eager to see the final product. We are thrilled to have such a creative project break ground in our city today.”
The development will include three, five-story apartment buildings with solar panels, contemporary unit finishes, upgraded appliance packages and amenity spaces that include a club-style gym, a pool, telecommuting spaces, and indoor/outdoor spaces for dining and relaxing. The buildings will offer a mix of one-, two- and three-bedroom units, some of which will have balconies.
“This project gives us an incredible opportunity to bring to life White Plains’ vision of creating communities that are flexible, transit-oriented, and in demand,” said Jonathan Gertman, vice president of development at The NRP Group. “We feel lucky to have been chosen by RPW to partner on a project of such significance. To be able to start construction on a project like this, in the midst of the pandemic, is a testament to the partnership of RPW, the commitment of our financial partners, and the creativity and hard work from the public officials at the City of White Plains and Westchester County.”
The Westchester County Industrial Development Agency approved $1.82 million in sales tax exemptions in connection with the $95-million project being built on a 20-acre parcel.
1133 Westchester Ave. marks the second New York metropolitan area project for The NRP Group, which is also developing a 131-unit residential building at 39 New York Ave. in Jersey City, NJ.
“We are more excited than ever to be part of this project, which offers people the opportunity to live in surroundings that are less dense than New York City, but still have the characteristics and amenities of an urban environment,” Andrew S. Weisz, executive vice president of the RPW Group. “We’ve wanted to diversify the mix of uses at this site to include multifamily for many years, but we wanted to do it with the right partner. That is why we chose the NRP Group, a developer with an outstanding reputation.”
The property sits near more than 3 million square feet of office space within one mile of the property, as well as access to some of the county’s largest employers, including IBM, Morgan Stanley and PepsiCo. Residents will have access to on-site shuttle service to the White Plains Metro North train station. The shuttle service will also make stops at Wegmans, Lifetime Fitness and Downtown White Plains.
The 303 residential units are expected to be completed in early 2022.
The NRP Group of Cleveland is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing. Since its founding in 1994, NRP has developed more than 43,000 apartment homes, and currently manages over 23,000 residential units.
Established in 1980, RPW Group specializes in the acquisition and repositioning of underperforming assets. To date, RPW Group has owned and developed in excess of 10 million square feet of space.