Cappelli says this renewal initiative is "infusing our Downtown with new life and spirit in ways that go beyond what most people thought possible." The event took place at the new Renaissance Fountain Plaza, which was constructed by Cappelli. The Renaissance Square project is located directly across the street from Cappelli's $325-million City Center development. Already open at City Center are 500,000 sf of retail stores, restaurants, movie theaters and the White Plains Performing Arts Center, as well as One City Place, a 311-unit rental apartment tower.

Designed by Manhattan architect Costas Kondylis, Trump Tower at City Center will be ready for summer 2005 occupancy. The building is Trump's first high-rise residential development in Westchester. "Downtown White Plains and City Center have quickly emerged as among the hottest destinations in the Metropolitan area to work, play and shop--now with Trump Tower at City Center people will have the opportunity to live in the center of the action," adds Trump.

Renaissance Square, which is expected to take approximately two years to complete, will rise on a site diagonally across the street from City Center. The project will include a six-story, 175-room full-service luxury hotel topped by two residential towers with 290 luxury apartments. Including the hotel at the base, each tower will rise to 350 feet. A 28-story office building will be built facing the Hamilton Avenue side of the site, and about 12,500 sf of street-level retail space will also be created. A four-level, 1,008-space parking garage will be constructed beneath the project.