While five major residential housing projects totaling well in excess of 1,200 units have been proposed or are under construction in and around downtown White Plains, Rich Hendey, managing partner of Hendey & Castaldo LLC, reports that construction on "The Dell," a 31-unit luxury rental apartment project is near completion. His venture will be the first to test the theory that business and political leaders here are counting on – that there is a tremendous demand for rental housing in the White Plains area. "We expect to open in about six to eight weeks," he says.

The development is located at 111 South Broadway, on the corner of Maple Ave., in downtown White Plains. The four-story building (three above ground) totals approximately 35,000 sf. The basement level contains some apartment units and parking for 46 vehicles.

Hendey notes that there will be 12, two-bedroom, two-bath units that will total about 1,100 sf each. The monthly rate for those units will be $2,600. The 12, one bedroom/one bath apartments that total approximately 750 sf will be priced at $1,650 per month. There will also be seven studio apartments available at $1,100 per month. The studio apartments feature approximately 500 sf of space.