33 Westchester Place Update 09/23/24

Dev Lands $83M Loan for 27-Story New Rochelle Tower Project

Developer and general contractor, 

, has secured an $83 million loan for a 27-story, mixed-use tower project, going up at 33 Westchester Place (aka 316 Huguenot Street) in New Rochelle, New York. Jointly issued by Crossroads Impact Corp and 3650 REIT, this influx of capital will help to fund construction costs.

The building comes as the final component of a three-building development, known as Westchester Place. Designed by 

, it will contain rental apartments, offered in studio, one, and two-bedroom configurations.

Tenant amenities are to include a fitness center, a 2,000-square-foot coworking suite, valet parking, multiple lounges, a screening room, outdoor BBQ stations, and a rooftop, "Sky Lounge", featuring a pool and an outdoor terrace. Plans also call for ground-floor retail space. Construction is expected to complete sometime in early 2025.

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