Cappelli Breaks Ground on New Rochelle Project
In yet another sign of the revitalization of downtown New Rochelle, BCW member Cappelli Organization broke ground Wednesday on a new 14-story residential building located on the site of the former Standard Star newspaper building on North Avenue.
The new building will feature 112 apartments and approximately 4,000 square feet of ground-level retail space. The apartments, which range from 440 to 755 square feet, will be comprised of 13 studios, 92 one-bedroom and 7 two-bedroom units. The Standard will offer a combination of luxury amenities and easy access to mass transit that is very appealing to Millennials, a driving force in today’s rental market.
“We are pleased to start our newest venture in downtown New Rochelle with The Standard. When we opened New Roc City almost 20 years ago, we were pioneers in the revitalization of the downtown. Since then, the city has enjoyed a remarkable renaissance. We’re happy to add The Standard to our project portfolio and to continue to play a role in the redevelopment excitement in downtown New Rochelle,” said Louis Cappelli, Chairman and CEO of the Cappelli Organization at the groundbreaking ceremony which was attended by city officials and BCW President and CEO Marsha Gordon.
The start of the construction of The Standard marks a new strategy for the Cappelli Organization in New Rochelle to develop smaller rental units targeted to Millennials. Cappelli played a pivotal role in beginning the reimagination and revitalization of the City’s downtown. Over a 10-year period from 1997-2007, the company built approximately two million square feet of residential, entertainment, hotel, retail and garage properties.
Built in 1924, the Neo-Classical style building housed the operations of the Standard Star daily newspaper which left the building in 1975. The back portion that housed the printing presses will be demolished while the North Avenue façade will be preserved and incorporated into the new building. The project is expected to be completed in the fourth quarter of 2019.
Photo: Marsha Gordon, President and CEO of the Business Council of Westchester, with Louis Cappelli, Chairman and CEO of the Cappelli Organization, at the groundbreaking ceremony on April 25, 2018.
Similar News Items
BCW Member REELEX Packaging Solutions, a global leader in packaging machinery manufacturing and export, recently welcomed Congressman Mike Lawler to its Patterson facility for a tour of its manufacturing floor and a discussion on the future of U.S. manufacturing. Congressman Lawler’s visit highlighted REELEX’s role as both an innovator and exporter, with a strong workforce […]
Nearly 400 employees and guests including Westchester and Yonkers elected officials were on hand October 3 for a joyous celebration of BCW Member Yonkers Contracting Company’s 80th anniversary led by its visionary Chairman Carl Petrillo. Among those speaking at the event held at the company’s maintenance facility on Midland Avenue were Westchester County Executive Ken […]
In response to NYSERDA’s New York State Energy Plan, the BCW’s Clean Energy Action Council (CEAC) provided detailed comments and recommendations. In official comments from BCW Executive Vice President and COO John Ravitz and CEAC Director Ron Kamen, the following recommendations to the plan were outlined: Expand Peak Demand Reduction programs, which reduced peak […]
Become A Member
Join the county’s largest and most influential business organization today.
JOIN NOW!
Leave a Comment
You must be logged in to post a comment.