The plan calls for the construction of a 280,000-sf officebuilding at his firm's 70-acre property that currently includes1133 Westchester Ave., a more than 600,000-sf office building RPWGroup purchased from IBM a few years ago and repositioned as amulti-tenant building in a project estimated at $115 million. Thatbuilding is currently 80% leased.

Weisz tells GlobeSt.com that the new office-building projectwill cost approximately $75 million to build. Also at theproperty--which is adjacent to Maple Moor Golf Course and at thecrossroads of I-287 and the Hutchinson River Parkway--RPW Group hasto only secure building permits to begin construction on a 160-roomhotel at 1131 Westchester Ave. That project has been estimated atbetween $30 million and $40 million.

The new office-building project received preliminary inducementfrom the Westchester County IDA. If the plan's incentive package isfinalized, Weisz says his firm will immediately begin the approvalprocess for the project with the City of White Plains. He adds thathe hopes to begin construction on the office building in 2009 andcomplete it by the end of 2010 or early 2011. Construction of thehotel and office building could go on simultaneously. In the past,Weisz has stated that he hoped to begin construction on the newhotel by the spring of 2009. At present, Weisz is in discussionswith a number of hotel operators but has yet to select a flag forthe property.