WHITE PLAINS, NY—LCOR, a property development, investment and management firm, has closed on an $80 million construction loan from Wells Fargo for the mixed-use development site located at 55 Bank St. in this Westchester community.

Slated for completion in two phases, phase 1 of the project—expected to deliver in 2017, will have a 16-story, 288-unit rental building with 3,000 square-feet of ground floor retail space and 381 underground parking spaces. Phase II will include a 16-story, 273 unit full-service, rental building with 3,350 square feet of ground floor retail space and the balance of the underground and above grade parking, for a total of 570 parking spaces. Of the 561 units, 20% have been designated as workforce housing. 

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