White Plains Business Improvement District

'Millennial' apartment plan in White Plains does not include parking, a first

lohud, Richard Liebson, Oct. 1, 2018

 

 

WHITE PLAINS — The new owners of a former East Post Road tavern are making a $260,000 bet that millennials will pay $1,700 to $1,900 monthly rent for apartments that don't include parking.

 

"They're generally occupied by millennials," said Jane Giris, attorney for New York City developer Sackman Enterprises. "Millennials don't have cars, as a practical matter. They're big users of Uber and Zip Cars." 

 

The quarter-acre site at 199-201 E. Post Road was occupied by the Thirsty Turtle tavern, which went into foreclosure several years ago. The downtown building has been vacant since, and was recently purchased by Sackman Enterprises.

 

The developer is seeking a site-plan amendment to add three stories to the one-floor building for 18 apartments — six on each floor. It's also asking the White Plains Planning Board for approval of a $260,000 payment in lieu of parking. Normally, the building would require 18 spaces for the new apartments.

 

. . .

 

Read the full article from Lohud