Examples of high-profile mixed-use developments that have helped White Plains' develop into a dynamic nexus of business and social activity include: White Plains City Center, a massive $300 million mixed-use property that houses retail and two residential towers; Ritz-Carlton Westchester and the Residences at the Ritz-Carlton (luxury hotel, condominiums and retail) at the Renaissance Plaza complex; The Westchester (one of the most successful malls in the United States) and The Source at White Plains, and Bank Street Commons. Plus, the convenience of the White Plains Transportation Center makes travel to and from Manhattan and the Westchester suburbs quick and easy; just 31 minutes non-stop to Grand Central Terminal on new trains. In fact, demand by businesses for Class-A space, especially at the Transportation Center, has reached an all-time high. And White Plains' emergence as a prosperous city has had a trickle-down effect, with its surrounding suburbs, like Harrison, reaping tangible benefits. "The high demand and escalating rents in White Plains are a direct result of the city's renaissance," says Jeffrey H. Newman, W&M's executive vice president. "This has led to greater interest and activity throughout White Plains' suburbs, where the rents are also climbing." W&M's Ten Bank Street in downtown White Plains is seeing more and more activity at higher rents, and its Harrison building, 500 Mamaroneck Avenue, is experiencing an influx of interest and leasing activity, too. "People are most interested in the best located, best operated Class-A suburban Westchester buildings, especially those in close proximity to downtown White Plains and easily accessible to Manhattan, and our trophy property in Harrison fits the bill," says Mr. Newman. Over the past year, the firm has signed several leases at 500 Mamaroneck Avenue with firms relocating there from Manhattan and Fairfield County. For more leasing opportunities in both 500 Mamaroneck Avenue and Ten Bank Street, please visit our website, www.wmproperties.com.
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