Keeler Markwood Group’s affiliate, Chester WP II, LLC has secured $15.25 million in construction financing from First County Bank to develop a 59,540-square-foot residential rental building located at 8 Chester Avenue in White Plains, New York. The four-story building will feature 74 rental units formed by combining two properties: 6-8 and 10 Chester Avenue. Eon Nichols of Cuddy + Feder LLP and Michael Curti of Harris Beach PLLC represented the borrower while Nikolas Kittridge and Scott Gerard of Shipman & Goodwin LLP served as legal counsel for the lender. This White Plains industrial development project was also supported by the local Industrial Development Agency (IDA).
City Issues Request for Proposal for Gansevoort Square Redevelopment
The New York City Economic Development Corporation (NYCEDC) has released a Request for Proposals (RFP) to revitalize Gansevoort Square, located