White Plains Business Improvement District

Lennar Multifamily closes on $25M purchase of Mamaroneck Avenue site

Westfair Communications, Ryan Deffenbaugh, Oct 24, 2018

 

 

An affiliated company of Lennar Multifamily Communities has closed on a $25 million purchase of properties along Mamaroneck Avenue and Mitchell Place in downtown White Plains. The purchase marks the latest step in a plan from the company to build 434 apartments and a small retail space along a stretch known as the city’s “restaurant row.”

Lennar bought the properties at 9 Mitchell Place and 131 Mamaroneck Ave. through a single deed recorded Oct. 3 from Devon Plaza Realty, which lists an address in Manhattan in care of JAH Realties LP.

Greg Belew, Lennar Multifamily Communities’ city president for the New York tristate region, confirmed to the Business Journal this morning that the properties are part of its plan to build the 16-story, 440,000-square-foot apartment tower complex the city approved for the site in 2017.

The 131 Mamaroneck Ave. lot includes a stretch of storefronts from the corner of Mamaroneck and East Post Road to a dollar store on Mamaroneck Avenue. The 9 Mitchell address is an automotive lot near the corner of Mamaroneck and Mitchell Place.

 

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Read the full article from Westfair Communications