$105m investment in City Center at White Plains.The CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Tri-State Investment Team, led by Jeffrey R. Dunne, recently represented Cappelli Enterprises in the investment of an interest in the residential Phase I of the City Center at White Plains, which was valued at $105 million or $338,710 per unit. Mr. Dunne was also responsible for procuring the investor, J.P. Morgan Fleming Asset Management. The 1.1 million SF City Center at White Plains mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. is a trophy quality asset comprised of an extraordinary combination of retail and residential components. The residential component totals 310 luxury apartment units in a 35-story tower (Phase I), 210 condominiums in a second 35-story tower and 29 loft condominiums with 780 dedicated underground parking spaces for all residents. The development's residential component is complemented by 540,000 SF of retail space leased to nationally recognized tenants. They include Target, Quincy Amusements (Viacom), Circuit City, Barnes & Noble, Filene's Basement Filene's Basement, also called The Basement, is a Massachusetts-based chain of department stores owned by Retail Ventures, Inc. The oldest off-price retailer in the United States, The Basement , GreenPoint Bank, Fleet Bank, Legal Sea Foods, Zanaro's Italian Restaurant and Applebee's Neighborhood Grill & Bar as well as 2,370 parking spaces for their patrons. This extraordinary development, located at the corner of Main Street and Mamaroneck Avenue, is a major epicenter ep·i·cen·ter n. 1. The point of the earth's surface directly above the focus of an earthquake. 2. A focal point: stood at the epicenter of the international crisis. of activity within White Plains' new 24/7 urban core. Dunne commented, "This extraordinary trophy development is the highest quality residential project in the region, complemented by dramatic views of Long' Island Sound and Manhattan, a large array of downtown White Plains amenities including the retail at City Center and the Westchester Mall (820,460 SF), and within a 32 minute train ride of Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan." |
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