HGAR Announces HQ Move to Source at White Plains
John Jordan | September 2, 2015
WHITE PLAINS—As first reported in the August edition of Real Estate In-Depth, the Hudson Gateway Association of Realtors officially announced on Aug. 25 that it will be moving its headquarters from The Westchester Pavilion at 60 South Broadway to the top floor of The Source at White Plains early next year.
Located at the corner of Bloomingdale Road and Maple Avenue, the One Maple Avenue building is currently home to The Cheesecake Factory, Whole Foods Market, Dick’s Sporting Goods and Raymour and Flanigan.
The new location will include 15,614 square feet of space to house the Association offices and classrooms for the HGAR School of Real Estate. Bloomingdale Road Investors LLC, the owner of The Source building, has already filed an application for a site plan amendment to allow office use on the fourth floor.
Initially, HGAR will sublease the space at The Source from Westchester Pavilion owner Urstadt Biddle Properties Inc. of Greenwich, CT. The mostly-vacant Pavilion mall is under contract to be sold to Maple and Broadway LLC, a wholly-owned subsidiary of Lennar Corporation. Lennar plans to raze the current Pavilion property and construct a $227-million mixed-use development at that location. Current plans feature more than 700 residential rental units with retail and restaurant space covering more than 850,000 square feet.
“We have been working on this project for quite some time,” said Richard Haggerty, CEO of the Hudson Gateway Association of Realtors. “We had initially viewed other properties in Downtown White Plains, but we determined that the One Maple Avenue location met the needs of the organization more so than any of the other properties. It’s ideally located right off I-287and also has adequate parking.”
HGAR moved into its current space at the top floor of the Pavilion in 2008, and is now one of the last remaining tenants in the building. Major past tenants had included Border’s Books, Toys R Us, Education Warehouse, Sports Authority and Daffy’s. Earlier this year, Outback Steakhouse and Subway closed down their locations. McDonalds and Corner Sushi are the only other remaining tenants.
“I think one of the reasons why the City of White Plains has been so open to the redevelopment of the Pavilion is that they are looking to really try to revitalize the whole East Poster Road corridor,” added Haggerty.
The new HGAR location at The Source will have two large classrooms that could be converted into one large classroom if necessary, and will also have about double the conference room space as in its current location. HGAR’s new offices will encompass about one-third of the available space on the top floor of One Maple Avenue.