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Westchester IDA Announces $1.2 Billion Development In Downtown White Plains

The Westchester County Industrial Development Agency (IDA) has announced three mixed-use developments that are expected to create more that 3,000 construction jobs and approximately 1,800 residential units. All together, the properties represent $1.2 billion in private investments and are poised to invigorate the downtown White Plains area.

WP Mall Realty was granted preliminary approvals for $17.5 million in tax exemptions to facilitate the construction of Hamilton Green, a mixed-use development that will replace the White Plains Mall. Valued at $585.2 million, Hamilton Green is one of the first approved projects within the newly founded transit district zone surrounding the White Plains rail station. This zone is designed to encourage construction that will help create mixed-use destinations in proximity to the station.

The development will consist of four residential buildings comprising 860 apartments, including approximately 90 affordable units. Additional components include 85,400 square feet of retail and dining area, approximately 27,000 square feet of co-working space, a 956-vehicle parking garage, and a 67,000-square-foot elevated public park.

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NYY