The Westchester County Industrial Development Agency (IDA) has approved financial incentives for two mixed-use residential developments in White Plains and Pelham
The White Plains project, which is called The Collection, consists of 276 residential units in two buildings on Westchester Avenue and Franklin Avenue. Seventeen of the units will be affordable. The project, which is located on Westchester Avenue across from The Westchester mall, includes 24,526 square feet of retail space and 716 parking spaces of which 275 will be for municipal parking.
The IDA is providing sales tax and mortgage tax exemptions totaling $3,348,609. The project, which is estimated to cost $136.2 million, is expected to create 250 construction jobs and 91 permanent jobs.