As State President, Phillips will oversee the council’s activities within New York State and act as a liaison between the regional vice president, the council’s leadership team, and its staff.
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
NEW ROCHELLE—City of New Rochelle and Westchester County officials joined with the Cappelli Organization recently to celebrate the grand opening of 3THIRTY3, a 28-story tower featuring 285 luxury apartments.
Located at 333 Huguenot St. in the heart of downtown New Rochelle, 3THIRTY3 has seen strong demand. Since the start of leasing a few months ago, more than 50% of the apartments are leased and 120 new residents have already moved in.
“We are thrilled by the tremendous response we’ve received to this exciting and extraordinary new building. With 3THIRTY3 we are taking New Rochelle’s luxury rental market to a whole new level with world class amenities,” said Louis R. Cappelli, Chief Executive Officer of the Cappelli Organization. “We are particularly pleased to be part of the remarkable renaissance underway in Downtown New Rochelle,” he added.
The ribbon cutting event was held at the property on Oct. 20.
“Louis Cappelli was among the key pioneers whose vision and confidence helped bring about the positive transformation of Downtown New Rochelle. Now, at 3THIRTY3, he takes our downtown to a new level, with design and amenities that establish the highest standards for our community and that reflect our aspirations for sustainable growth,” said New Rochelle Mayor Noam Bramson. “The opening of 3THIRTY3 is yet another example of New Rochelle’s forward momentum, as we evolve into the best city in the region to live, work, and grow.”
The tower building features apartments with white quartz countertops, energy-efficient stainless-steel appliances and luxury vinyl plank flooring. Each apartment boasts walk-in closets with built-in shelving and floor-to-ceiling windows with spectacular panoramic views of Long Island Sound and New York City.
Apartments are equipped with top-of-the-line smart home systems, keyless entry; multiple zone heating and air conditioning; full-sized stacked washer and dryer with built-in linen shelving and run-quiet dishwasher. Monthly market rents range from $2,090 -$2,360 for studios; $2,495 to $4,230 for one-bedroom units and $3,450 to $4,925 for two-bedroom units.
Luxury amenities include: 24/7 concierge service with package room and dry-cleaning pickup/delivery; co-working spaces; exclusive resident access to two on-site Teslas; over 240 on-site parking spaces with electric car charging stations, and on-demand access to top-of-the-line home products via TULU.
Residents at 3THIRTY3 have access to a cardio and weight training health club featuring a Pilates, yoga, and aerobics studio. There is also an exclusive full spectrum infrared sauna and New Rochelle’s only all-season indoor/outdoor swimming pool.
For entertaining there is a multimedia lounge; Full-Swing Golf Multi-Sport Simulator with brew bar; mixology lounge; professional chef’s event kitchen; outdoor terrace with fire pit; grilling area, and pizza oven. There is also a pet spa with grooming station.
3THIRTY3 is one of two 28-story towers that comprise the 435,000-square-foot Centre at Huguenot complex. A second 28-story building with 249 apartments and ground-level retail space is under construction directly across the street with an expected completion date of November 2023. The two-building complex is being developed by the Cappelli Organization in partnership with The Related Companies. Cappelli affiliate LRC Construction is building both projects.
Also in New Rochelle, LRC Construction recently completed One Clinton Park for RXR Realty located at 26 South Division St., which features 352 apartments in a 28‑story tower with ground-level retail space. Construction is currently underway on 2 Clinton Park, also for RXR Realty, a 28‑story tower with 390 apartments and ground floor retail space. Another Cappelli project will soon start construction at 247 North Ave., a 28‑story tower with 300 apartments in partnership with LCOR Incorporated.
The Cappelli Organization has successfully completed more than 25 million square feet of development including mixed-use, retail, waterfront, residential, hotel, restaurants, office, industrial, laboratory and parking facilities, representing a value in excess of $10 billion. The company has a current development and construction pipeline in New York and Connecticut of more than 20 million square feet.
As State President, Phillips will oversee the council’s activities within New York State and act as a liaison between the regional vice president, the council’s leadership team, and its staff.
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
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