County
seeks nominations for affordable housing award
By
ALEX PHILIPPIDIS :: February 16, 2007
Westchester
County is seeking nominations through March 15 for a new
award intended to honor Stanley Schear, the pastry shop
operator-turned advocate for affordable housing and other
causes.
Nominees “must have exhibited vision and action
that has produced a measurable outcome in one of more
of six areas: Advocacy for people in need, skill building
to assist in greater independence, service coordination
in linking people to community resources, respectful and
compassionate quality of service delivery, philanthropic
achievement and coalition building,” according to
the county’s announcement of the award.
The new award will be presented at the first annual Stanley
Schear Legislative Breakfast on April 20 at The Woodlands
at Ardsley by the Senior Housing and Services Coalition
of the county Department of Senior Programs and Services.
Schear led the coalition as part of his activism, which
was years ahead of his time in bringing attention to Westchester’s
problems of scant affordable housing and homelessness
-- more than a decade before a consensus of business and
government leaders was forced to agree. He died April
8, 2006, at age 77, of esophageal cancer.
Also at the breakfast, the coalition will announce legislation
regarding affordable housing and senior housing services.
Co-sponsoring the event was the Westchester Non-Profit
Housing Coalition, Family Services of Westchester and
Woodlands Senior Housing.
Ginsburg says Pinnacle's
still a go
as Cappelli prepares
housing plan B
By
ALEX PHILIPPIDIS :: February 16, 2007
Martin
Ginsburg told the Business Journal he’s still planning
to develop his $200 million Pinnacle condo-retail tower
approved for downtown White Plains, including its 52-unit
affordable-housing component. But Louis R. Cappelli doesn’t
appear to be convinced.
“We’re still plugging ahead. We have some
issues that we still have to straighten out, but we’re
working on it,” Ginsburg said during a wide ranging
interview on a host of development topics. Keep checking
Deals & Deeds for additional Ginsburg updates.
Despite winning approvals twice – the second time
for revised plans last year – Ginsburg has yet to
break ground on Pinnacle. One key holdup is his need to
secure financing from a host of public sources for the
project’s affordable portion, projected last fall
to cost $17 million. Another potential roadblock came
last fall when the dry-cleaning solvent perchlorethylene
(perc)
was discovered under the Main Street site, as reported
exclusively in the Business Journal at the time. “We
think we can handle it,” Ginsburg said Pinnacle
would consist of a Michael Graves-designed 28-story building
with 171 luxury condominium apartments, plus 66,034 square
feet of retail and restaurant space, on Main Street adjacent
to Cappelli’s City Center at White Plains complex.
Units at Pinnacle would sell from the $500,000 range to
$3 million for the two largest penthouses.
Last fall the city’s Common Council extended its
approval of Pinnacle to April, to allow Ginsburg time
to secure financing for the affordable apartments.
The affordable component houses units that are owed to
the city by Ginsburg and Cappelli in return for municipal
approvals on four luxury apartment projects – the
171 high-end condos Ginsburg would build at Pinnacle,
plus the Cappelli-built One City Place (owned by JP Morgan
Asset Management), Trump Tower and Renaissance Square.
Cappelli is asking White Plains officials for approvals
to convert 16,000 square feet of unleased commercial space
on the roof level of the City Center garage into 22 apartments.
The request was officially sent to department heads for
review this morning at a special meeting of the city’s
Common Council.
The apartments would be market-rate rentals should Ginsburg
build Pinnacle as planned. But if Pinnacle plans fall
through, Cappelli would lease the units at below-market
rents.
“What if Martin doesn’t do it? We like to
have contingencies. We want to back ourselves up,”
said Bruce Berg, executive vice president with Cappelli
Enterprises Inc., in an interview. “Worse comes
to worse, he doesn’t get it done, and we have a
place we can then convert to affordable. If he does get
it done, then we just make them market-rate housing and
we continue on our merry way.”
Berg said the space was previously envisioned to house
the Fountain Spa, but a lease deal fell through. The spa
– originally slated to open in 2005 -- was supposed
to have 14 treatment rooms, whirlpools, hair and nail
salons, and a rooftop atrium.
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