Trump invests in White Plains.The continuing renaissance of White Plains got a major boost recently with the announcement that Donald J. Trump has become a partner with Westchester-based developer Louis R. Cappelli Louis R. Cappelli (b. 1951[1]) is a real estate developer most active in Westchester County, New York. Sometimes called "The Donald Trump of Westchester," Cappelli has developed more than four million square feet of mixed use, retail, waterfront, residential, office in the luxury condominium tower to be known as Trump Tower Trump Tower Trump Tower is the name used for several skyscrapers owned and operated by real estate magnate Donald Trump. Each of these skyscrapers is predominantly composed of residential condominiums and found in major cities. at City Center, now being built at Cappelli's $325 million City Center. Trump's involvement in the project includes the development, sales and management of the building when it is completed. The financial terms of the partnership were not disclosed. The 35-story tower will feature 212 luxury condominium residences and will be ready for occupancy by the summer of 2005. Construction on the tower, which has been redesigned by Manhattan architect Costas Kondylis Costas Kondylis and Partners, LLP, is an architectural firm headquartered in Manhattan. Their influence on New York City’s skyline has been commented on by New York Living Magazine , has reached the 16th floor. "This is a very exciting moment, not only for City Center, but for White Plains and Westchester county," Cappelli said. "Donald J. Trump is without question the best known name in ultra-luxury residential real estate today. The Trump Organization The Trump Organization is the primary company of Donald Trump, a prominent American real estate developer. Trump is the current CEO of the company. The company oversees nearly all of the business development interests of Donald Trump, such as real estate, hotels, golf clubs, etc. signifies a style of living that is of the highest quality, offering an unparalleled level of sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. and services. To have the Trump name directly associated with City Center immeasurably im·meas·ur·a·ble adj. 1. Impossible to measure. See Synonyms at incalculable. 2. Vast; limitless. im·meas enhances the entire project, and is a huge asset. Not only is Donald J. Trump the most prominent residential developer in Manhattan, he is in other prestige areas such as Palm Beach, as well. He also has the highest rated program on television with "The Apprentice." Commenting on his new roll at City Center, Trump observed, "The location and architecture of Trump Tower at City Center is top of the line. Working with Louis Cappelli, a friend of mine for many years, is a great honor. Lou and I understand quality--and that is what we are bringing to Trump Tower at City Center." Mr. Trump added that he is optimistic about the new building's impact on the market. "Trump Tower at City Center will not only attract the highest level of Westchester purchasers, but will also attract purchasers looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an alternative to living in Manhattan." While City Center will mark Trump's first entry into Westchester's emerging high-rise luxury residential market. He already is an established player in the county's luxury housing market with The Residences at Trump National Golf Club in Briarcliff Manor. For Cappelli, the partnership with the Trump Organization comes on the heels of his April announcement that JP Morgan Fleming, a subsidiary of financial giant JP Morgan Chase, has invested $105 million in One City Place, the 35-story luxury rental apartment tower at City Center. One City Place includes 311 apartments that are now being occupied as the finishing touches finishing touches finish npl the finishing touches → der letzte Schliff finishing touches npl → ultimi ritocchi mpl are completed on the upper floors of the tower. "To now have Donald J. Trump demonstrate an interest in the City of White Plains soon after JP Morgan came on board, makes an incredibly dramatic statement about White Plains," Cappelli said. He added that the foresight and lead, ship of Mayor Joseph Delfino and the City's Common Council have made it possible for White Plains to emerge from a development cocoon cocoon: see pupa. that had shrouded it for more than 10 years. "The elected leadership of White Plains knew it was time for the City to move out of the doldrums, and the prompt approval of City Center, it is safe to say, has served as the catalyst for redevelopment throughout the downtown." Cappelli and Trump have put together a team with extensive experience and proven track record in the construction and marketing of luxury high-rise residences. The Marketing Directors, Inc. has been named exclusive marketing and sales agent for Trump Tower at City Center. HRH HRH abbr. Her (or His) Royal Highness HRH Her (or His) Royal Highness HRH abbr (= His (or Her) Royal Highness) → S.A.R. Construction will serve as construction manager for the 35-story tower and will be responsible for complete construction oversight. In addition to the two luxury residential towers, City Center includes an intimate loft condominium with 29 homes and 450,000 s/f of retail, restaurant and entertainment space that is nearly fully leased. Prominent tenants include Target, Circuit City, 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 and Barnes & Noble, among others. |
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