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As Transit Oriented Development and Westchester’s healthcare, life sciences and biotech industries proliferate, people are taking notice.
According to a report in this week’s Bloomberg News, since 2011, developers have built or proposed over four dozen residential and commercial projects in Westchester, which now is focused on smart city sustainable growth and high-speed broadband. A little over 11,200 apartments within a half-mile of a Metro-North station are planned or have been built, and commercial projects are on the rise. "Westchester [is trying] to attract a new type of office tenant and resident," wrote David Levitt.
The gloves were off at the WCA’s annual Breakfast with the County Executive when Westchester County Executive Rob Astorio took on what he described as the “fake news coming out of Albany.” But all was not contentious; the Smart Growth panel that followed Astorino’s State-of-the-County address, projected an optimistic picture of growth for Westchester in 2017. Here are the highlights:
In case you missed it, or you just want to remember it, now you can view some of the thought-provoking presentations by national experts in innovation, transportation, economic development, and public-private partnerships, at the WCA's sold-out conference "Westchester: County of Tomorrow," held on April 29....
As the healthcare, biotech, and financial industries continue to expand in Westchester, the county’s cities have seen a sharp increase in population since 2000, according to data presented by Sterling National Bank at the WCA’s 2016 Economic Outlook Breakfast in early January. The overall growth of the county’s urban sectors is up 7%, with New Rochelle and White Plains showing the fastest growth of all. In White Plains, 47% of its working population arrives via reverse commute. Even millennials are starting to put Westchester in play.
As renters look for less expensive options outside of New York City, the real estate development community is seeing new opportunity in Westchester County. Demand for apartments in the county’s urban areas is growing, fueling new investment in rental projects, especially along train lines.