BCW Members Cappelli and Greystar Celebrate Milestone with ‘Topping Out’ of 25 North Lex
Congratulations to BCW Members Cappelli Organization and Greystar Real Estate Partners on a historic milestone this week as they “topped out” the construction of 25 North Lex, an exciting mixed-use, transit-oriented development that is helping to transform the skyline of Downtown White Plains.
Officials and several hundred construction workers cheered as the National Anthem was played and a large 30×60-foot American flag was raised 8 stories on the soaring two-tower development in a “topping out” ceremony signifying the completion of the final floor of the project.
Celebrating the April 18th event at the construction site were Cappelli Organization Founder Louis Cappelli, Greystar Real Estate Partners Senior Director of Development David Rivera, White Plains Mayor Tom Roach, Deputy County Executive Ken Jenkins, County IDA Chair Joan McDonald and County Legislator Ben Boykin. Also attending were BCW President and CEO Marsha Gordon and BCW Executive Vice President and COO John Ravitz.
Located at 25 North Lexington Avenue, 25 North Lex will include 500 luxury rental residences, nearly 60,000 square feet of amenities, and 16,000 square feet of ground floor retail space. The 813,346-square-foot project, which is Greystar’s first residential development in New York, is rising on a site directly across from the White Plains Metro-North Train station which recently underwent a $95 million renovation. Completion of 25 North Lex is anticipated in the first half of 2024. Cappelli’s LRC Construction subsidiary is performing the construction.
“I am thrilled to celebrate another great milestone for The City of White Plains, Westchester County, Greystar and LRC Construction and my entire team. I’m especially proud of all of the dedicated construction workers on site, 300 strong, who make this work look easy to do, but please believe me when I say it, it’s not easy. It’s dangerous, precise and complicated work and while it’s beautifully drawn on paper, we have to turn those lines on the architectural, structural and mechanical drawings into the reality of an iconic building you can touch, see and enjoy living in,” said Cappelli.
“This milestone is a fantastic moment for Greystar as well as the White Plains community. We are incredibly proud that our first ground-up development in New York will support the planning goals of making White Plains an even more attractive place to live, work, and play. Transit-oriented developments like 25 North Lex will help to make the area around stations more vibrant, creating more activity beyond commuting hours,” said Gary Kerr, Managing Director of Development at Greystar.
The $300 million project features two intersecting towers of 16 stories and 25 stories rising from a four-story podium that conceals a large, covered parking structure. The towers feature striking glass curtain walls accented with metal panels, while the podium, which is bordered by ground-floor retail space, will be clad in folded metal panels designed to suggest movement.
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