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Developer Wants to Convert Unfinished Office Building to Luxury Rental

NEW ROCHELLE-City is concerned that the change might compete with a high-rise apartment community that is being built nearby.

By John Jordan | Updated on August 16, 2000

Cappelli Enterprises Inc., a Valhalla-based developer, is attempting get permission from the city to allow it to convert its yet-to-be-completed 105,000-sf office building atop the New Roc City parking garage to residential use, says Mayor Timothy Idoni. The mayor told GlobeSt.com that, thus far, Cappelli has built the outer shell of the building but now wants to convert the property to a luxury rental with about 90 units.

The building is located adjacent to Cappelli’s 500,000-sf New Roc City family entertainment center that opened last year. Idoni says that Cappelli is also holding talks to acquire development rights to a two-acre urban-renewal property near the New Roc parking garage. That site is adjacent to a planned multi-million dollar intermodal transportation center for Metro North Railroad. “We hope to make an announcement by mid-September” Idoni says. If Cappelli prevails, he could build as much as 300,000 sf of office and retail space on the site.

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