CE News - Cappelli Inc
Transcription
CE News - Cappelli Inc
Summer 2005 Vol. 1 Issue 1 I N S I D E City Center at White Plains pg 2 Trump Plaza, New Rochelle pg 3 Renaissance Square pg 4 & 5 Barger Brook Manor pg 6 The Concord pg 6 A Q u a r t e r l y N e w s l e t t e r Groundbreaking at Renaissance Square appelli Enterprises has taken another major step toward construction of its newest White Plains project – Renaissance Square. The $400 million, 890,000square-foot project in the heart of the city’s downtown will combine a fivestar hotel, luxury residences, office space and street-level retail in two glass-enclosed towers. Underground parking will accommodate 1,000 cars. C element in the revitalization of downtown White Plains that began with the City Center project.” The hotel will utilize the first eight floors of the first tower, which will also feature luxury residences from the ninth to the 40th floor. Residents will enter their homes through a private lobby and have access to the hotel’s services. Renaissance Square’s second tower will include 200 residences above 115,000 “This is another extremely square feet of Class A exciting step not only for office space. Nearly 11,000 our company, but for the Artist’s rendering of 221 entire City of White Plains,” Main Street, White Plains, square feet of street-level NY... Renaissance Square. retail/restaurant space will said Louis R. Cappelli, link the project with the surrounding President of Cappelli Enterprises. continued on pg 4 downtown area. “Renaissance Square is the next major TRUMP TOWER AND THE LOFTS APPROACHING SELLOUT It’s been less than eight months since the sales center for Trump Tower and The Lofts at City Center opened, and already more than 95 percent of the 241 homes are in contract. Sales prices have increased significantly since October, with the remaining condos priced from $965,000 to $1.8 million. The residences are expected to be sold out in the next month. City Center at White Plains COLD STONE CREAMERY NOW OPEN TO WAITING FANS City Center at White Plains just got sweeter with the opening of Cold Stone Creamery, a highly successful Arizona- based ice cream retailer. Located at 25 Mamaroneck Avenue, Cold Stone Creamery features homemade ice cream that is custom-blended on a frozen granite stone. Founded in 1988 by Donald and Susan Sutherland, Cold Stone Creamery offers consumers a unique ice cream experience. Using only the finest ingredients, the Sutherlands produce the highest quality ice cream available, making it fresh each day at their store on the “cold stone.” Today, Cold Stone Creamery, which is privately held, has more than 900 stores across the country, with more than 1,000 additional stores now under consideration. Opening Soon New York Sports Club, a full-service health club facility, will be opening at City Center in September 2005. Temptation Tea House, an Asian fusion restaurant, opening by December 2005 2 www.cappelli-inc.com Trump Tower & The Lofts Reach New Heights ales for Trump Tower and The Lofts at City Center continue to soar. Much of the demand is coming from Westchester residents who are downsizing from large single-family homes, and Manhattan residents who are attracted by the easy commute to midtown and the walk-to convenience to the wide array of restaurants, entertainment and shopping in downtown White Plains. In fact, Bill Rancic, the original “Apprentice,” recently signed a contract to purchase a two-bedroom condo at Trump Tower at City Center. S The 35-story Trump Tower offers 211 luxury condominiums, while The Lofts, at 11 stories, features 28 luxury SoHostyle residences. Residents will enjoy a full array of luxury amenities and services including 24hour doorman, concierge service, valet parking, a fully equipped stateof-the-art fitness center, indoor and outdoor pools and tennis courts, as well as sweeping views of the Manhattan skyline and Long Island Sound. Residences feature highend finishes including hardwood floors, stainless steel appliances, marble bathrooms, cherry kitchen cabinets, granite countertops and numerous other luxury features. “It’s the overall package – the convenient access to New York City, shopping and dining at your doorstep, attractive pricing, extensive amenities, and the magnificent views. We’ve created a living experience that simply hasn’t existed before in Westchester,” said Louis R. Cappelli. The Sales Center features model kitchen and bathrooms for both Trump Tower and The Lofts, as well as detailed site model and individual miniature models of several styles of condominium homes. “I was very confident going into this venture that we would do well, and I’m particularly gratified that the outstanding sales pace has justified my initial optimism,“ said Donald Trump. “The City of White Plains is certainly making its mark among the most dynamic of the small cities across the nation. It’s clear that Westchester can and will support luxury high-rise living. It’s very exciting.” The Trump Tower and The Lofts at City Center Sales Center can be reached at (914) 684-0100 or on the web at www.citycentercondo.com. The Sales Center at 227 Main Street is open daily, 10 a.m. to 6 p.m. New Rochelle Trump Plaza Coming to New Rochelle or the second time in one year, Donald J. Trump, is joining forces with Louis R. Cappelli – this time in creating a new luxury high-rise residential building in downtown New Rochelle. F Trump Plaza, which will be part of a $750 million downtown urban redevelopment plan, will rise more than 390 feet and offer spectacular views of Long Island Sound. It will be built on a two-acre site on Huguenot Street that the City has been trying to redevelop for more than 30 years. The building will be one of the tallest in Westchester County. “I am pleased that Donald has agreed to invest with me in a second luxury high-rise in Westchester. The unparalleled success we have experienced together in White Plains has been spectacular,“ said Mr. Cappelli. “Our goal is to capitalize on that success in New Rochelle, a city that is undergoing its own Renaissance.” The 353,600-square-foot Trump Plaza will consist of 141,500 square feet of retail space on two levels at the base, topped with the 30-story luxury residential condominium tower. There will be 181 upscale one-, two- and threebedroom residences. Private parking for the residences will be provided on-site. In addition, the project will be linked to New Roc City and its new modern parking garage by an enclosed pedestrian bridge. The residences at Trump Plaza will feature the highquality finishes and attention to detail that are the hallmarks of Trump residences. Granite countertops, hardwood floors, upgraded appliances, designer cabinetry and marble bathrooms are among the features for which his residences are known. Among the services for residents will be a 24hour concierge and doorman, valet parking, Olympic swimming pool, full-service health club, business center, children’s playground, roof top garden and a state-ofTrump Plaza, New Rochelle, NY the-art security system. Mr. Trump said he looked forward to partnering with Mr. Cappelli in a second venture. “The experience Louis and I have had working together in White Plains has been excellent. He is a first-rate developer and his vision has been a key element in sparking the rebirth of White Plains. He is playing a similar role in downtown New Rochelle, and I am looking forward to being a part of that.” Sales for the condominiums are expected to begin in September and a Trump Plaza Sales Center will be open by Fall 2005. For more information, contact The Marketing Directors, Inc., Marketing and Exclusive Sales Agent, at (914) 632-6300 or visit www.trumpplazanewrochelle.com. CITY TAPS CAPPELLI FOR BLOCK REDEVELOPMENT Cappelli Enterprises recently got the “thumbs up” from the City of New Rochelle to redevelop a full downtown block that will serve as a centerpiece in the continuing Renaissance of the city’s downtown. A Memorandum of Understanding with the City provides for the revitalization New Rochelle Mayor of the Lawton Timothy Idoni Street Urban Renewal District, which will include a new luxury residential-retail-hotel-office complex with two 32-story, 390-foot towers. The new complex will feature 200,000 square feet of boutique retail space, including national tenants, on multi-levels. Additionally, an office/hotel complex of 300,000 square feet is envisioned along with 320,000 square feet of luxury high-rise residential development for a total build-out of approximately 800,000 square feet. “This new project will be the centerpiece in over $2 billion in revitalization that is now taking place in our downtown,” said New Rochelle Mayor Timothy Idoni. “The redevelopment of this block will unify various components of our downtown. It’s a major step forward not only for the downtown, but the entire city.” Mr. Cappelli said his approach for the site is to create an attractive and dynamic complex that brings new retail, office and residences to the downtown, creating activity in the heart of New Rochelle. “Many of the major pieces are already in place, and this remaining block lies in the middle,” he said. “The City recognized the importance of this development block many years ago when it was designated for Urban Renewal. We’re pleased that this long-held redevelopment goal at last will be realized.” 3 Renaissance Square Groundbreaking at Renaissance Square Renaissance Square will be built in two phases. The first phase will be the parking structure, the hotel and the first residential tower on Main Street. The second phase will be the office space and second residential tower nearer to Hamilton Avenue. The first occupants are expected to move in by early 2007. continued from pg 1 constructed by Cappelli across Main Street. The classic architecture of historic Grace Church, built in the mid1800s, will gain new prominence as a result of the spacious outdoor plaza next to Renaissance Square. White Plains has become one of the nation’s hottest real estate markets, and the downtown has A focal point of Renaissance Square will become the place be a beautifully landscaped plaza with a waterfall adjacent to Grace Church. The to be at night as design and the open space created outside well as during the will contribute to the vibrant ambiance set day with pedestriby the popular Renaissance Plaza Fountain, ans taking advan- tage of new shopping, dining, recreation and entertainment opportunities that are all within easy walking distance of City Center and Renaissance Square. Construction crews begin work on Renaissance Square. COURT STREET EXTENSION The Court Street extension in downtown The new four-lane extension, to be drive for the hotel and residential ele- goal of city planners. Now, this important a dilapidated parking lot and help ease access to Renaissance Square will be White Plains is the culmination of a 40-year “missing link” in the city’s downtown street network will connect two major thoroughfares – Main Street and Hamilton Avenue. 4 www.cappelli-inc.com named Renaissance Square, will replace the traffic flow throughout the entire downtown area. It will also allow for vehicular access to an elaborate entry ments of the development. Pedestrian provided primarily from Main Street. Renaissance Square RENAISSANCE SQUARE AT-A-GLANCE • Two 40-Story Towers • 890,000 Square Feet • $400 Million Development • 400 Luxury Residences • 5-Star Hotel • 115,000-Square-Feet of Office Space • 1,000-Space Underground Garage • Street-Level Retailing • Construction of New Court Street Extension for City 5 Yo r k t o w n Construction Begins on Barger Brook Manor in Yorktown appelli Enterprises has broken ground on a new, $80 million, luxury adult condominium community in the beautiful Town of Yorktown. Located at Barger Street and Route 6, Barger Brook Manor will feature 140 elegantly designed condominium homes. C here in Westchester,” said Joseph Apicella, Senior Vice President for Cappelli Enterprises. “We want to offer adults who are downsizing from larger homes, the same taste of luxury living that “With the aging baby boomer population, they are accustomed to, but with more adult luxury housing is becoming a priority conveniences to make life simpler.” Preliminary offerings will be released this fall, and potential buyers will be placed on a waiting list. Occupancy is slated for late 2006. Set on 50 wooded acres, with nature trails and a pristine lake, Barger Brook Manor will offer expansive one-, two-, and three-bedroom residences with prices starting at $495,000 for a one-bedroom,1.5 bath unit. Amenities will include granite kitchens, state-of-the-art appliances, central heating and air-conditioning, health club, sauna, media room, and indoor and outdoor swimming pools. In addition tennis and golf are located nearby. Catskills Empire Resorts to Acquire Concord and Grossinger’s Properties mpire Resorts, Inc., and Concord Associates LP – a joint venture owned by Louis Cappelli and Reckson Strategic Venture Partners – have entered into a new agreement and E 6 www.cappelli-inc.com plan of merger for the Concord and Grossinger’s Resort properties in the Catskills. Those actions follow a recent vote in the Sullivan County Legislature approving five Native American casinos for Sullivan County. In addition, New York State Governor George E. Pataki has introduced a bill for the global settlement of Native American land claims and authorization for gaming compacts for Catskill casinos. The acquisition will include casino and hotel development sites, along with 72 holes of golf – including the Monster, International, Challenger and Grossinger’s golf courses. Empire has previously announced plans for development and management of two separate Native American casinos in the Catskill Mountains. With the Concord and Grossinger’s acquisitions, Empire will be able to pursue two of the five casino development opportunities in Sullivan County, NY – one at Monticello Raceway and the other at the Concord properties. The company will also re-develop the Grossinger’s Resort. Cappelli Enterprises News Louis R. Cappelli Foundation Announces 2005 Funding Initiative he Louis R. Cappelli Foundation, a not-for-profit charitable organization founded in 1999, recently announced its 2005 funding initiative to help Westchester and Sullivan counties’ at-risk youth reach their full potential. The Foundation will focus its attention in education, health and fitness, and arts education. All fully certified 501-C3 non-profit organizations in Westchester and Sullivan counties are invited to submit proposals for funding that meet the following criteria: collaboration among agencies, educational facilities, childcare centers, school districts and parents to address innovative education programs that encourage and foster the learning process for at-risk children. EDUCATION –The Foundation will look for education programs that encourage ARTS EDUCATION – The Foundation will support arts education programs T HEALTH & FITNESS – The Foundation will support programs that provide innovative and worthwhile health programs or organized sports which encourage wellness and fitness, enabling at-risk children to reach their fullest potential in life. that provide access to the visual and performing arts for at-risk children through the counties’ wide array of arts and related organizations. To receive a grant application, please send your request in writing to Denise Groneman, The Louis R. Cappelli Foundation, 115 Stevens Avenue, Valhalla, NY, 10595, or by e-mail to dgroneman@cappelli-inc.com. Since its inception, The Louis R. Cappelli Foundation has awarded over $3 million in grants. All grant applications must be received no later than 5 p.m., June 18, 2005. EMPLOYEE SPOTLIGHT SUSAN BRESLER Director of Design Susan recently joined Cappelli Enterprises after working with Avalon Bay Communities for seven years. She is responsible for design issues, including layouts, floor plans and conceptual designs for Renaissance Square, Harbor Square, Barger Brook and Trump Plaza. She has been in real estate development for the past 20 years, and holds an M.B.A. from Harvard Business School and a B.A. in Architecture from Cornell University. Susan lives in Mamaroneck and has three children. DENISE GRONEMAN Director, Louis R. Cappelli Foundation Denise Groneman is the office manager and has been with Cappelli Enterprises for more than 20 years. As the new director of the Louis R. Cappelli Foundation, Denise reviews all BRIAN VON SCHMID Director of Leasing assess their needs, and makes recom- enjoying his first job at grant applications, meets with them to mendations on grant recipients. Denise and her family live in Stamford, CT. HELEN SZCZERBA Real Estate Coordinator/Marketing Helen Szczerba is a familiar face at Cappelli Enterprises. She recently rejoined the company Brian Von Schmid is Cappelli Enterprises after interning at the firm while he attended college. He holds a B.A. in Finance from Iona College in New Rochelle and is responsible for assisting in the management of City Center and New Rochelle developments. Brian lives in Manhattan. after two years living away from New York. She is responsible for providing real estate sales/marketing coordination services for various development projects. Previously, Helen was marketing director for New Roc City in New Rochelle. She began her career at Cappelli Enterprises in 1992, as Margaret M. CONTACT US Bruce Berg Executive Vice President bruce@cappelli-inc.com Helen Szczerba hszczerba@cappelli-inc.com Schneider’s executive assistant and later became Louis R. Cappelli’s executive assistant. She and her family live in Ossining. 115 Stevens Avenue • Valhalla, NY 10595 w w w. c a p p e l l i - i n c . c o m 7 115 Stevens Avenue • Valhalla, NY 10595 www.cappelli-inc.com The Renaissance of White Plains CITY CENTER AT WHITE PLAINS • 1.1 million square feet • $325 million development • 523 luxury residences • Performing Arts Center • 535,000 square feet of retail space RENAISSANCE SQUARE • Two 40-story towers • 890,000 square feet • $400 million development • 400 luxury residences • 115,000 square feet of office space • 5-Star Hotel