Luxury living is on the horizon for Hale Avenue with construction of a two-building state-of-the-art apartment complex now underway.
WHITE PLAINS, NY – December 4, 2019 – Circle Squared Alternative Investments (“Circle Squared”), alongside Saber Real Estate Advisors and PCD Development, today celebrated the groundbreaking of The Duet, a new multi-family development which will be constructed on Hale Avenue, in White Plains, NY. Once complete, the two-building project will comprise 127 units and will offer residents ample living space and high-end, luxurious amenities, far surpassing comparable properties in the White Plains area. The joint venture was joined by representatives from the county of Westchester as well as Thomas Roach, Mayor of White Plains, who spoke about the significance of the project and its impact on the city.
“White Plains is one of the jewels of Westchester County,” said Jeff Sica, President and CEO of Circle Squared Alternative Investments. “With so much to offer from a commerce and recreation perspective, the city continues to grow as it attracts new businesses and families looking to call White Plains home. We could not be more excited to work with our partners to bring The Duet to life and give those eyeing White Plains as a place to live, a beautiful place to do so.”
Located at 97-114 Hale Avenue, the construction on the east lot will be seven stories high with a total of 70 units, while the west lot construction will reach eight stories with a total of 57 apartments. Both buildings will offer secure basement parking for renters and a mix of studio, one- and two-bedroom units which will be significantly larger than customary dwelling units available to renters in the city. Renters will also enjoy luxurious finishes, double vanities, high-end appliances, and have access to shared spaces such as rooftop and indoor lounges, a fitness center and business center.
“We are thrilled to be partnering with Saber Real Estate Advisors and Circle Squared on this strategic opportunity in downtown White Plains. The development of this site is a great complement to our development pipeline in Westchester County, which includes the Edge-on-Hudson master-planned community in Sleepy Hollow,” said Jonathan Stein, Managing Member at PCD Development.
Martin Berger, Managing Member of Saber Real Estate Advisors LLC of Armonk, N.Y., thanked the mayor and other elected officials for their support. “We’re so grateful for the warm reception we’ve received and look forward to continuing our collaboration with the city,” Berger said. “We’re excited to offer residents an unparalleled elegant lifestyle with top-notch amenities and to further the goal of building White Plains into a vibrant ‘24/7 live-work-play community.’”
About Circle Squared Alternative Investments
Circle Squared is a registered investment adviser with the Securities and Exchange Commission (SEC) and was founded in 2014 by Jeffrey Sica to work with a finite group of high net worth individuals and family office investors to help them find alternative market investments, primarily in private equity real estate deals. Led by a team with decades of experience, Circle Squared and its affiliates have been a joint venture member, consultant or otherwise involved with over $800,000,000 in real estate developments and transactions since its founding. The leadership of Circle Squared has been a part of the acquisition, or development of over 5,000 residential units throughout their careers. For more information on Circle Squared, visit www.circlesquaredalts.com.
The past performances of Circle Squared and its affiliates are not indicative of the future results of the Company, the Joint Venture or the Project. Registration does not imply a certain level of skill or training.
About Saber Real Estate Advisors
Armonk, N.Y.-based Saber Real Estate North LLC and Saber Real Estate Advisors LLC (“Saber”) are fully integrated real estate development companies specializing in land acquisition, financing and development of commercial, residential and mixed-use projects. Under the direction of Martin Berger, Saber has conceived, negotiated and implemented development plans representing nearly $2 billion in completed value. Saber is involved in a number of developments in the New York region, including The River Club, a luxury apartment and retail complex in Bogota, N.J, and Hudson Heritage, a $300 million mixed-use intergenerational community on 156 acres in the Town of Poughkeepsie, N.Y. Other Westchester County developments include Rivertowns Square in Dobbs Ferry and The Collection in White Plains.
About PCD Development LLC
PCD Development LLC is a full-service real estate company with core strengths in residential and commercial development and construction. PCD’s fully integrated team is involved in all real estate services, including acquisitions, architectural and engineering design, construction, entitlements, leasing, sales, management and the strategic repositioning of distressed properties for its own account. PCD’s existing portfolio, including the current acquisition/development pipeline, comprises over 5,000 residential units and 700,000 square feet of commercial space primarily in New Jersey and New York, including the $1 billion Edge-on-Hudson master-planned, mixed-use community in Sleepy Hollow, N.Y.; the $250 million master-planned, mixed-use Broadway Place redevelopment in Long Branch, N.J.; and the 421-unit River Club redevelopment in Bogota, Bergen County, N.J.