{"id":16382,"date":"2018-04-19T12:31:47","date_gmt":"2018-04-19T12:31:47","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=16382"},"modified":"2025-07-22T16:09:25","modified_gmt":"2025-07-22T13:09:25","slug":"white-plains-office-landmark-revamped-as-mixed-use-gem","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/white-plains-office-landmark-revamped-as-mixed-use-gem\/","title":{"rendered":"White Plains Office Landmark Revamped as Mixed-Use Gem"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ny\/white-plains\/westchester-financial-center\/\" target=\"_blank\" rel=\"noopener\">Westchester Financial Center<\/a>, a renowned office complex in White Plains, N.Y., is set to undergo an extensive makeover, following its acquisition by Ginsburg Development Cos. (GDC).<\/p>\n<div id=\"attachment_16383\" style=\"width: 250px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16383\" class=\"wp-image-16383 size-medium\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/westchester-financial-center-240x300.jpg\" alt=\"\" width=\"240\" height=\"300\" \/><p id=\"caption-attachment-16383\" class=\"wp-caption-text\">50 Main Street, White Plains (Yardi Matrix)<\/p><\/div>\n<p>The property, located\u00a0just a block away from the White Plains Metro-North Station, has been purchased in an $83 million portfolio transaction, <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\"><em>Yardi Matrix<\/em><\/a> data reveals. The portfolio consists of a 571,000-square-foot two-building complex comprising a 15-story, 309,000-square-foot tower at 50 Main St. and a 14-story, 262,000-square-foot tower at 1-11 Martine Ave.<\/p>\n<p>The new owner plans to reimagine the 1986-built assets as a modern mixed-use complex incorporating office space, retail shops, restaurants, and residential units. Furthermore, GDC will shed the property\u2019s old name and rebrand it <em>City Square<\/em>.<\/p>\n<p>&#8220;I have always admired this important gateway complex, and so we are thrilled to be working with Robert Martin Co. and its founder\u00a0Bob Weinberg\u00a0on this exciting project that will reinvent these iconic buildings as a key component of the new 24-hour live-work-play environment envisioned by <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/white-plains\/\" target=\"_blank\" rel=\"noopener\">the\u00a0City of White Plains\u00a0<\/a>at its gateway and train station,&#8221; Martin Ginsburg, the founder of GDC, said in a statement.<\/p>\n<p>The extensive redevelopment project includes revamping and expanding the lobby of the building at 50 Main St., to showcase new art and sculpture displays. At the same time, the tower will feature an amenity floor which will house a fitness center, a yoga studio, a game room, a lounge, and a business center. The on-site caf\u00e9 is also going to be renovated, to provide both indoor and outdoor dining. As for the building at 1-11 Martine Ave., this high-rise will be converted into a mixed-use asset featuring luxury residential apartments and office space, each portion featuring its own lobby and elevator banks.<\/p>\n<p>The main highlight of the complex, a unique 2-acre central court, will feature a 2,000-step walkaround between landscaped areas, a water feature, various sculptures, and some gathering places such as an outdoor lounge and a sun deck.<\/p>\n<p>The Westchester Financial Center includes a third building, a 124-unit luxury apartment tower, which was purchased by the company last year. The <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/westchester-county\/\" target=\"_blank\" rel=\"noopener\">Westchester County office<\/a> complex occupies a full city block bounded by Main Street, Martine Avenue, Bank Street and South Lexington Avenue.\u00a0A transit-oriented property, it provides easy access to the I-287 and the Bronx River Parkway, and lies close to the Federal and County courthouses, the Galleria Mall and the White Plains Transportation Center.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Westchester Financial Center, a renowned office complex in White Plains, N.Y., is set to undergo an extensive makeover, following its acquisition by Ginsburg Development Cos. (GDC). The property, located\u00a0just a block away from the White Plains Metro-North Station, has been purchased in an $83 million portfolio transaction, Yardi Matrix data reveals. The portfolio&hellip;<\/p>\n","protected":false},"author":60,"featured_media":16385,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,93],"tags":[],"class_list":["post-16382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-mixed-use","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Westchester Financial Center in White Plains Becomes City Square<\/title>\n<meta name=\"description\" content=\"The Westchester Financial Center is set to undergo an extensive makeover, following its acquisition by Ginsburg Development Cos. 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