NEW ROCHELLE, NY (May 25, 2023) — Allstate Ventures, along with New Rochelle City officials and representatives from project lender Enhanced Capital and Crossroads Impact Corp, broke ground on 33 Westchester Place on Tuesday. The 27-story luxury rental tower is the final housing piece to the three-building, arts-centric new development Westchester Place.
Mayor Noam Bramson stated that the high-quality design of 33 Westchester Place will raise the bar for the city and have a dramatic positive impact on the street-level energy and appeal of the arts and cultural district.
The building, designed by New York City architect Fogarty Finger, will feature superior modern amenities addressing wellness, career, and relaxation on the top floors. Amenities will include fitness rooms, designated areas for co-working and social gatherings, and a Sky Lounge located atop the roof.
The building’s heat recovery HVAC system eliminates the need for a cooling tower, allowing for more rooftop space for resident amenities. The exterior features a white terra cotta façade with bronze features.
The residences will include a mix of studios, one-bedrooms, and two-bedrooms. A 2,000-square-foot co-working area was designed with remote work in mind.
Construction is expected to be completed at the end of 2024. Enhanced Capital’s Impact Real Estate Group and Crossroads Impact Corp financed the environmental remediation of the brownfield site and construction of 33 Westchester Place.
Westchester Place’s mission is to provide an immersive arts community in a downtown development that also serves to provide nourishment for residents’ wellness, career, family and social aspects. The development will showcase a rotating art program within all its three buildings.