White Plains Business Improvement District

New White Plains Plaza owners invest $30 million in upgrades, boost leasing

Westfair Online, Ryan Deffenbaugh, October 20, 2016

White Plains Plaza owner Ivy Realty plans to renovate this courtyard off Main Street as part of its $30 million investment in property improvements.

In the first 18 months that Greenwich-based Ivy Realty has controlled the 700,000-square-foot White Plains Plaza mixed-use complex, the real estate firm has committed to $30 million in upgrades to the two buildings that comprise an entire block of the city’s central business district.

That investment has helped boost leasing at the retail and office complex, which accounted for about a quarter of all leasing activity in the White Plains Central Business District’s Class A office market since Ivy purchased the building in a distressed sale in June 2015.

Read the full article from Westfair Online.