Everyone is seeing lots of construction these days.
The first (and continuing) wave of multifamily residential development has been focused on the major cities in Westchester County, including White Plains, Yonkers, New Rochelle and Mount Vernon. Many buildings have already been built and are occupied or in the leasing phase. Many more projects are in the approval process or pre-construction.
TOD (transit-oriented development) has been the most popular product type, offering tenants the ability to walk to Metro-North stations and restaurants, bars, retail and service establishments. There are two distinct target customers: millennials and empty nesters.
