Joined by New Rochelle Mayor Noam Bramson and Westchester County Executive Andy Spano, the two developers said that almost 40% of the 187 units have already been sold. Prices for the units range from the low $500,000s to $1.5 million.
The 39-story tower is currently the tallest building in Westchester County. It will be surpassed in about a month from now when Cappelli Enterprises' Renaissance Square development in Downtown White Plains tops out at 40-stories.
The 352,600-sf Trump Tower project, which is scheduled to be completed in the fall of next year, will also include 141,500 sf of retail space. The project is down the street from Cappelli's $250 million New Roc City entertainment/retail development.
"The buyer response to Trump Plaza has been truly phenomenal," Cappelli said. "The project is generating tremendous excitement throughout the entire New York metropolitan area."
Cappelli said at the event that some of Westchester's major cities, such as White Plains, New Rochelle and Yonkers, where he has proposed or built high-rise projects, are now engaged in "friendly competition" for new projects that are going higher and higher.
He later said that he has discussed with Mayor Bramson that perhaps his LeCount Square project, which is now in the approval process in New Rochelle, might include a building that could bring the tallest building in Westchester crown back to the Queen City of New Rochelle sometime down the line.
Trump told the several hundred attendees of the topping off program that initial sales results at the Trump Plaza development have surpassed the Trump Tower at City Center development in White Plains, another Trump-Cappelli venture, which sold out in six months.
"We have 1,800 applications for this building right now," Trump said. "The White Plains building (Trump Tower at City Center) started it and we love that it was a great success. But we look at this building to be even more successful."
Trump and Cappelli noted that they plan to do other joint venture projects including one in Yorktown and one outside New York State. Recently, the City of Stamford, CT rejected a plan by the two developers to build a luxury tower there. While not commenting on their plans out-of-state, it is believed they will continue to pursue that project.
Both developers tell globeSt.com that Trump will likely play a role in Cappelli's LeCount Square development, which is expected to include a residential tower building, retail and office space as well as a hotel.
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