Sales Off to a Fast Start at The Residences at The Ritz

A Quarterly Newsletter
News & Highlights
FALL
2006
Sales Off to a Fast Start at The Residences
at The Ritz-Carlton, Westchester
T
he Residences at The
Ritz-Carlton, Westchester
has become the talk of the town
with initial sales far exceeding
expectations. To date, sales total
more than $100 million with a
solid waiting list of over 500
prospects.
In explaining the popularity of
the new development, Louis R.
Cappelli said comparable luxury
residences in Manhattan cost
more than twice the price per
square foot as The Residences
at The Ritz-Carlton, Westchester.
Prices of residences start at
$750,000 and go up to $6
million. The opening date is
anticipated in early 2008.
The Residences at The Ritz-Carlton,
Westchester includes 181 condominium residences and 32
Atelier suites. The
residences range in
size from 1,200 to
5,200 square feet
and offer spacious
floor plans from
1-bedroom, 1.5
baths to 3-bedroom,
3.5 baths. Also planned are
Penthouse and Sky Club levels.
Owners will have exclusive
access to a wide array of The
Ritz-Carlton’s legendary five-star
amenities and services including maid service, room service,
concierge and luxury spa, to
name a few. Owners will also
New Chapter for
Director of Sales
benefit from The Ritz-Carlton
privileges around the world.
The Sales Presentation Center
at 227 Main Street, which
features two fully decorated
model residences, is designed
to let prospective
buyers experience
what it’s like to live
in The Residences
at The Ritz-Carlton,
Westchester. With
the push of a
button, visitors to
the Center can behold a simulated panoramic view from the
tower’s upper floors which
provides breathtaking views of
the Manhattan skyline, Long
Island Sound and the Hudson
Valley. The Residences at The
Ritz-Carlton, Westchester is
elevating luxury living to
new heights in Westchester.
Inside
The Residences at The Ritz-Carlton ............. 2
‘Topping Off’ Heralds New Era of Luxury
Trump Plaza New Rochelle ........................... 3
Unbeatable Lifestyle, Breathtaking Views
Trump Park Residences ................................. 4
Trump-Cappelli Team Targets Active Adult Set
Struever Fidelco Cappelli .............................. 5
Bright New Vision for Yonkers
One Harbor Square ........................................ 6
Another Milestone for Waterfront Project
In her long
and varied
career,
Jessica Dee
Rohm has
worn many
hats from
real estate
to marketing
to corporate
communicaJessica Dee Rohm
tions to
writing novels about the world of real estate.
Now she is bringing her more than 25 years
of experience to The Residences at The
Ritz-Carlton, Westchester, where she is
leading the sales and marketing effort.
Ms. Rohm recently joined Cappelli
Enterprises as Senior Managing Director
of Sales and Marketing. Before joining
Cappelli Enterprises, Ms. Rohm served as
Managing Director for The Corcoran
Sunshine Group, managing all sales and
marketing in the Connecticut and Westchester region.
“I am delighted to join Cappelli in leading
the sales and marketing effort for this
exciting new project. The Residences at
The Ritz-Carlton, Westchester is setting a
new standard for ultra luxury living never
before available in this market. Our sales
activity has been truly phenomenal with
more than $100 million in sales and a waiting
list of over 500 prospects,” said Ms. Rohm.
Bright Vision for Yonkers Taking Shape
O
n a bright and sunny day that felt
more like summer than fall, several
hundred guests and VIPs – including
Governor George Pataki -- gathered in
the heart of downtown White Plains to
celebrate the dawning of a new era in
luxury living in Westchester County.
The October 3rd “topping off” ceremony
for The Residences at The Ritz-Carlton,
Westchester, which marked the completion of the building’s highest floor, was a
landmark event for White Plains and
Westchester County.
When completed the new 44-story
residential tower will be the tallest building
between Manhattan and Boston. The new
tower also heralds the debut in Westchester of The Ritz-Carlton Hotel Company,
L.L.C. and further energizes the ongoing
renaissance of downtown White Plains.
Addressing more than 200 dignitaries
who gathered across from the construction site at the intersection of Main Street
and Mamaroneck Avenue, Louis R. Cappelli said, “Today we are elevating luxury
living to new heights in
Westchester County and
the surrounding region.
We are extremely
pleased to have The
Ritz-Carlton Hotel Company, a name synonymous with luxury living,
five-star accommodations and unparalleled
personal service.” He
added, “The Residences
at The Ritz-Carlton,
Westchester offers a
once-in-a-lifetime opporVisitors to the new Sales Presentation Center can behold a simulated
tunity for homebuyers
panoramic view from the tower’s upper floors with breathtaking views.
who are seeking an
ultra-luxury lifestyle
never before available in this market. The
Plains and Westchester County are a
Ritz-Carlton, Westchester will set a new
perfect fit for our brand. This world-class
standard for luxury hotels in the area.”
building with its close proximity to New
York City marks yet another important
Simon F. Cooper, President and Chief
step forward for our company’s residential
Operating Officer of The Ritz-Carlton Hotel portfolio,” said Mr. Cooper.
Company, L.L.C., said his company was
delighted to be bringing the unique and
The festive ‘topping off’ event was
distinctive style of Ritz-Carlton living to
celebrated with cannons showering the
the Westchester County area. “White
crowd with confetti, colorful balloons
floating in the air, and members of the
cast of the new Twyla Tharp/Bob Dylan
Broadway Musical “The Times They Are
A-Changin” performing songs from the
show. The event also featured a ribboncutting ceremony to mark the official
opening of The Residences at The RitzCarlton, Westchester Sales Presentation
Center at 227 Main Street.
A
bright new vision for the revitalization
of downtown Yonkers and the
Hudson River waterfront is beginning to
take shape with the recent unveiling of
the $1.5 billion first phase of the redevelopment plan proposed by Struever
Fidelco Cappelli LLC (SFC).
The main elements of the Phase I development are River Park Center, Palisades
Point, Cacace Center and the Reopening
of the Saw Mill River.
River Park Center, which is located in the
area known as the Gateway District, will
feature a mix of retail, office, residential
and entertainment components including
a 15-screen movie theater, restaurants
opening onto a new riverwalk along the
reopened Saw Mill River and a new
6,500-seat ballpark located on the roof
level of River Park Center.
Palisades Point, which is planned for two
Hudson River waterfront development
sites south of the Yonkers train station,
will be comprised of two residential
condominium buildings with ground-level
retail/restaurant or office space and two
parking facilities.
Architect’s rendering of ‘River Park’ ballpark in downtown Yonkers, NY.
The two 25-story residential buildings will
offer spectacular views of the Hudson
River, the Palisades and Manhattan as well
as easy access to the nearby Metro North
train station. Palisades Point will also
feature a beautifully landscaped riverfront
esplanade and publicly accessible open
space with restaurants and boat launch.
Cacace Center will feature a new
150,000-square-foot office building and a
new 150-room hotel on the corner of
2
Cutting the ribbon at the topping off celebration were, from left: Jim Sullivan, Executive Vice President,
Lodging Development, Marriott International, Inc.; White Plains Mayor Joseph Delfino; Louis R. Cappelli,
President of Cappelli Enterprises, Inc.; Simon F. Cooper, President and COO, The Ritz-Carlton Hotel
Company, L.L.C.; Charles A. Gargano, Chairman, Empire State Development Corporation; and New York
State Senator Nicholas Spano.
www.cappelli-inc.com
The Phase I development outlined by SFC
will be a major economic boost to the City
of Yonkers and the entire region. It is
estimated that the Phase I development
will create 13,000 construction jobs and
5,460 permanent jobs. Phase I will also
generate $14.8 million annually in tax
revenue for Yonkers as well as $14 million
in taxes for the state and $4.9 million for
Westchester County.
Struever Fidelco Cappelli is a joint venture
partnership formed by Cappelli Enterprises, Struever Bros. Eccles & Rouse of
Baltimore, and Fidelco Realty Group of
New Jersey. Over the past six months,
SFC has conducted an extensive community outreach program, making presentations about its redevelopment plan to a
wide range of community groups and
business organizations in Yonkers.
Prior to the ceremony, Mr. Cappelli
accompanied Governor Pataki and a host
of other dignitaries and news media to
the 41st floor where they were treated to
breathtaking 360-degree views of Manhattan, Long Island Sound and the
Hudson Valley.
The Residences at The Ritz-Carlton,
Westchester
277 Main Street
White Plains, NY 10601
914.946.9200
www.RCResidencesWestchester.com
Nepperhan Avenue and South Broadway
adjacent to the Cacace Justice Center.
The Phase I redevelopment plan will also
include the much-discussed reopening of
the Saw Mill River that now runs underneath parts of the downtown in Larkin
Plaza. Landscaped public riverwalks would
be built along the portions of the Saw Mill
River in Larkin Plaza and the River Park
Center site near Getty Square.
Architect’s rendering of ‘Riverwalk’ along reopened Saw Mill River.
Struever Fidelco Cappelli
Yonkers, NY
www.sfcyonkers.com
7
www.cappelli-inc.com
An Unbeatable Lifestyle, Breathtaking Views
Another Milestone for One Harbor Square
T
he nine-year process to redevelop the
Ossining waterfront moved another
step closer to completion on September
19 when the Village of Ossining and
developer Cappelli Enterprises signed a
land disposition agreement which transferred
the 4.5-acre Villageowned property along
the Hudson River to the
developer.
market-rate condominiums, 10,000
square feet of retail and restaurant space
as well as a waterfront park and esplanade, fishing pier, kayak launch and
storage, public beach and the existing
community. The combination of our
downtown revitalization experience and
GDC’s expertise in waterfront development is unparalleled. Together, I believe
we have the right combination for Harbor
Square,” said Louis R.
Cappelli, President of
Cappelli Enterprises.
“Harbor Square with its
substantial public access
and amenities is the type
of waterfront development that I believe can
initiate the process of
making the Ossining
waterfront a destination
and one of the most
exciting places on the
Hudson River,” said
Martin Ginsburg, principal of GDC.
“We’re delighted that
the closing is behind us,
and we look forward to
finishing clean-up of the
site, so that we can
begin to build One
Harbor Square,” said
Joseph A. Apicella,
Executive Vice President
Architect’s rendering of One Harbor Square, a new waterfront community in Ossining.
of Cappelli Enterprises.
“If all goes well, we
hope to start construction in spring 2007.”
commuter ferry pier. A total of 60 percent of Under the joint venture, GDC will contribthe site is being developed for public use.
ute design and architectural input and
Cappelli Enterprises has teamed up with
will market the development. Cappelli
Ginsburg Development, LLC (GDC) in a
“I’m looking forward to working with
Enterprises will manage the construction
joint venture to build One Harbor Square.
Martin Ginsburg on this exciting opportuof the project.
The $78 million project will include 150
nity to develop a significant Hudson River
Trump Parc Plans Moving Forward
P
lans are moving ahead on Trump Parc,
a new luxury condominium tower
proposed for downtown Stamford, Connecticut. Louis Cappelli and Donald Trump
are partnering with Stamford developer
Thomas Rich on the new project planned
for the corner of Washington Boulevard
and Broad Street near Mill River Park.
A revised plan for the building, which was
submitted for review to the city in September, calls for a 34-story tower with
177 luxury condominium residences and
four stories of parking above ground. The
new plan reduces the overall height of the
building from 400 to 350 feet and
provides more open space along the
sidewalk at the base of the building.
6
The Costas Kondylis designed building
will feature 30 one-bedroom, 104 twobedroom and 43 three-bedroom
www.cappelli-inc.com
T
rump Plaza is changing the face of
New Rochelle’s skyline and bringing
new vitality to the downtown area. The
40-story luxury condominium tower is
also capturing the imagination of homebuyers from throughout the region who
are attracted to the beautifully designed
homes, spectacular waterfront views and
close proximity to Manhattan.
Ilyasah Shabaz, who was the very first
buyer at Trump Plaza, said she was initially
attracted by the Trump name. But what
really sold her were the convenient
location, waterfront views and the many
amenities and services.
“It’s so conveniently located to the city
yet you have the green grass of suburbia
and the waterfront. It’s perfect for me,”
said Ms. Shabaz, a New Rochelle resident
who purchased an apartment on the 27th
floor of the tower. “Knowing that Cappelli
was the builder was important to me.
They do high quality work,” she added.
As work continues on the soaring tower,
sales have also been reaching new heights
with more than 50 percent of the 187
residences sold, making Trump Plaza one of
the fastest selling luxury high-rise condominiums in the region. Prices start at low $500’s.
“Everyone knows about Trump Plaza —
they can see the 40-story building from
pretty much everywhere,” said Sales
Manager Elvira Arias. “They don’t have to
residences including six two-story penthouses on the top two floors. The
residences will feature the highest quality
finishes and fixtures, marble bathrooms
and spacious terraces.
She said buyers are heading to Trump
Plaza from Manhattan and Riverdale
as well neighboring towns including
Pelham, Larchmont and Scarsdale. And
the reason is clear…Trump Plaza offers
an unbeatable lifestyle experience.
In addition to its breathtaking views of
the Manhattan and Long Island Sound,
Trump Plaza also offers a wide array of
first-class amenities including an elegant
marble lobby, indoor swimming pool and
full-service health club, a business
center, a rooftop garden and 24-hour
valet parking and concierge services.
Trump Plaza residents also enjoy the
added convenience of being just a
block from New Rochelle’s new rail
Transportation Center and 20 minutes
from New York City on Interstate 95.
Prospective buyers can visit the Trump
Plaza Sales Center at 145 Huguenot
Street in New Rochelle to tour fully
decorated model condominiums.
Trump Plaza
175 Huguenot Street
New Rochelle, NY 10801
914 632-6300
www.trumpplazanewrochelle.com
Construction of the 40-story Trump Plaza tower continues
at a fast pace with completion expected in late 2007.
A Helping Hand for New Rochelle’s Bravest
N
ew Rochelle’s bravest received a
helping hand from Cappelli Enterprises,
which recently donated $15,840 to the
New Rochelle Fire Department for the
purchase of life-saving ropes for their
firefighters. The “self extrication” nylon
ropes are used in the event that firefighters
become trapped in a building and ladders
cannot be mounted in time to reach them.
As Stamford’s tallest building, Trump Parc
will offer spectacular views of Long Island
Sound and the New York City skyline.
Luxury amenities at Trump Parc will
include a 24-hour concierge/doorman, a
landscaped deck, an indoor swimming
pool, a full-service health club, a clubroom, library, billiards and screening
rooms.
Trump Parc is conveniently located just
minutes from the Stamford train station
and in the heart of the city’s vibrant
downtown with its many fine restaurants,
shops and theaters.
envision what’s going on here in New
Rochelle, because the revitalization of
the downtown storefronts is happening,
and the excitement is building.”
Architect’s rendering of Trump Parc.
David Guiliano, firefighter, and Raymond Kiernan,
Commissioner, New Rochelle Fire Department,
pictured with Joe Apicella, Executive Vice
President, Cappelli Enterprises.
“Our firefighters will be able to quickly
unfurl the ropes to lower themselves
from a window or roof to safety,”
explained New Rochelle Fire Commissioner Raymond Kiernan. “We are grateful to Louis Cappelli and his organization
for funding this life-saving equipment.”
The ropes – which are not standard-issue
– come coiled in pouches that can be
stored in firefighters’ pockets.
All firefighters of the 160-member
New Rochelle Fire Department will
undergo training in the use of the
self-extricating ropes.
“These brave firefighters form a first line
of defense to protecting the quality of life
for the citizens of New Rochelle which is
undergoing an exciting revitalization. It’s
only right that they be given this critical
tool to protect themselves as well,” said
Mr. Cappelli.
3
www.cappelli-inc.com
Trump-Cappelli Team Targets Active Adult Set
O
ne of the fastest growing segments
of the housing market is the 55-plus
active adult who wants to live a luxurious
and active lifestyle free of the worries of
traditional homeownership.
In his first foray into developing active
adult housing, Mr. Trump has teamed up
with Louis R. Cappelli and his younger
brother, Michael Cappelli, to launch the
new $112 million Trump Park Residences
condominium community in the northern
Westchester community of Yorktown.
Purchase prices for the apartments start
in the low $200,000s, excluding monthly
maintenance costs. Three fully renovated
and decorated co-op homes are available
to view at The Lofts at New Roc building.
Trump Park Residences features gourmet kitchens with granite countertops.
“Trump Park Residences is for active
adults ages 55 and better who are intent
on leading a luxurious lifestyle, and having
it all,” Louis Cappelli said at a recent grand
opening of the new sales center.
Trump Park Residences offers the perfect
blend of a breathtaking 50-acre setting
overlooking a sparkling lake and distinctive, luxurious lifestyle amenities. Many of
the 141 condominium homes offer expansive views of the lake or wooded area.
Buyers can choose from one, two or
three-bedroom homes featuring light-filled
spacious rooms, nine-foot ceilings, crown
moldings, hardwood floors, magnificent
master suites and marble baths. Gourmet kitchens with desirable stainless
steel appliances can be personalized with
a choice of cabinet and granite countertop
packages. Patios, eat-in kitchens and
Juliet balconies are available in select
homes. Prices range from the
mid-$500,000’s to $1.2 million.
4
Louis Cappelli, Donald Trump and Michael Cappelli
at Trump Park Residences in Yorktown.
www.cappelli-inc.com
Y
ou don’t have to look very far to find
one of the region’s best values in housing. That’s what homebuyers are discovering at The Lofts at New Roc, which is
undergoing a complete transformation from
rental to luxury co-operative apartments.
Located in the heart of downtown New
Rochelle across the street from the
rapidly rising Trump Plaza luxury condominium tower, The Lofts at New Roc is
offering spaciously designed apartments
ranging in size from 677-square-foot
studios to 1,868-square-foot twobedroom units with two-and-one-half
baths plus dens.
While there are many active adult communities coming on the market today, only
one features the world-class luxury that is
the trademark of Donald J. Trump. And
that community is Trump Park Residences.
It’s not so surprising that Mr. Trump, who
himself turned 60 this year, is targeting
the 55 plus set. And it’s no surprise that
Trump would collaborate with Louis Cappelli
since the two have successfully worked
together to develop Trump Tower in White
Plains and Trump Plaza in New Rochelle.
Buyers Discover an Exceptional Housing Value
Lifestyle amenities include The Club at
Trump Park with its marble floors, magnificent stone fireplaces, tapestries and
sumptuous furnishings. There will be a
spacious adjoining terrace, library, private
movie theater and business center, as well
as a card and billiard area. An indoor and
outdoor swimming pool, a state-of-the-art
fitness center, and biking/walking trails
throughout the site offer plenty of opportunity to indulge in a healthy lifestyle.
One of the most exciting aspects of
ownership at Trump Park Residences is
that residents will have the privilege of
social or golf membership at the prestigious Trump National Golf Club in Briarcliff
Manor, which is among the most highly
regarded private clubs in the area. Incidentally, Trump Park Residences is located just
west of the new Donald J. Trump State
Park, created from 436 acres the developer donated to the state this past spring.
“When Louis heard that the adjacent land
to his was the new Donald J. Trump State
Park, we quickly realized that this was an
exciting world-class opportunity to create
an extraordinary, innovative community for
sophisticated, active adults who demand
the best that life has to offer,” Mr. Trump
said. “As fate would have it, we played golf
a few days later and by the 18th hole, we
had a deal.
Trump Park Residences
3770 Barger Street
Shrub Oak, NY 10598
914.245.0055
www.TrumpParkResidences.com
The offering plan for The Lofts at New Roc
became effective in May with more than
15 percent of the “insiders” purchasing
their apartments. Since then, more than a
third of the homes have been sold.
“People have come through the door –
usually by referral from a resident or via
word-of-mouth – and been wowed by
what The Lofts has to offer,” said Sales
Manager Elvira Arias. She noted that
the residences include many standard
features, such as brand new energyefficient Lowy windows, stainless steel
appliances, granite countertops in the
kitchen, marble baths, Santos
mahogany floors, and a minimum
ceiling height of 11 feet.
T
The Club Room at The Lofts at New Roc is one of many lifestyle amenities available to residents.
A recent buyer, Richard Zampolinm, is
very familiar with The Lofts from having
rented an apartment in the building before
it went co-op. “It was a chance to
continue living in the same great place for
about the same amount of money each
month and build some equity at the same
time,” said Mr. Zampolin, who practices
medicine at a hospital in Manhattan.
Amenities at The Lofts at New Roc
include a landscaped rooftop garden/patio,
an expanded club room, gym and lounge
for residents. The building’s entrance,
lobby, elevator access and corridors are
also undergoing a major renovation. New
purchasers can expect occupancy in three
to six months.
The Lofts at New Roc
145 Huguenot Street
New Rochelle, NY 10801
914.632.1200
www.theloftsatnewroc.com
Cappelli Donates New Home for New Rochelle Harbor Patrol
he growing popularity of water sports
along New Rochelle’s shoreline has
meant increased responsibilities for the
New Rochelle Police Department’s Harbor
Patrol. With this in mind, Cappelli Enterprises has donated to New Rochelle a new
$70,000 harbor building for the city’s five
full-time Harbor Masters and five full-time
seasonal officers. The Police Department
will use the new facility to provide marine
instruction so that more police officers will
become certified in marine safety.
“Thanks to Cappelli Enterprises, the new
Harbor Patrol Building is going to help our
harbor masters and crew to improve
marine safety for our residents,” said
Police Commissioner Patrick J. Carroll.
Constructed by Future Home Technology
of Port Jervis, NY, a manufacturing
subsidiary of Cappelli, the new building
will replace the old harbor patrol facility,
which is scheduled for demolition. The
new building employs the same modular
technology and materials that Future
Home Technology has used to produce
the more than 4,000 single- and multifamily modular homes it has built since
its founding in 1989.
The new structure, which is triple the size
of the former facility, is topped with a New
England-style cupola and includes storage
areas for scuba gear, classroom and office
space, kitchen pantry and restroom.
The Municipal Marina features about 350
boat slips and 150 mooring spaces that
are rented on a seasonal basis primarily to
New Rochelle residents. The Harbor Patrol
fleet comprises a 41-foot Coast Guard
boat, three smaller boats and two work
boats which are equipped with outboard
motors for patrolling the islands.
5
www.cappelli-inc.com
Trump-Cappelli Team Targets Active Adult Set
O
ne of the fastest growing segments
of the housing market is the 55-plus
active adult who wants to live a luxurious
and active lifestyle free of the worries of
traditional homeownership.
In his first foray into developing active
adult housing, Mr. Trump has teamed up
with Louis R. Cappelli and his younger
brother, Michael Cappelli, to launch the
new $112 million Trump Park Residences
condominium community in the northern
Westchester community of Yorktown.
Purchase prices for the apartments start
in the low $200,000s, excluding monthly
maintenance costs. Three fully renovated
and decorated co-op homes are available
to view at The Lofts at New Roc building.
Trump Park Residences features gourmet kitchens with granite countertops.
“Trump Park Residences is for active
adults ages 55 and better who are intent
on leading a luxurious lifestyle, and having
it all,” Louis Cappelli said at a recent grand
opening of the new sales center.
Trump Park Residences offers the perfect
blend of a breathtaking 50-acre setting
overlooking a sparkling lake and distinctive, luxurious lifestyle amenities. Many of
the 141 condominium homes offer expansive views of the lake or wooded area.
Buyers can choose from one, two or
three-bedroom homes featuring light-filled
spacious rooms, nine-foot ceilings, crown
moldings, hardwood floors, magnificent
master suites and marble baths. Gourmet kitchens with desirable stainless
steel appliances can be personalized with
a choice of cabinet and granite countertop
packages. Patios, eat-in kitchens and
Juliet balconies are available in select
homes. Prices range from the
mid-$500,000’s to $1.2 million.
4
Louis Cappelli, Donald Trump and Michael Cappelli
at Trump Park Residences in Yorktown.
www.cappelli-inc.com
Y
ou don’t have to look very far to find
one of the region’s best values in housing. That’s what homebuyers are discovering at The Lofts at New Roc, which is
undergoing a complete transformation from
rental to luxury co-operative apartments.
Located in the heart of downtown New
Rochelle across the street from the
rapidly rising Trump Plaza luxury condominium tower, The Lofts at New Roc is
offering spaciously designed apartments
ranging in size from 677-square-foot
studios to 1,868-square-foot twobedroom units with two-and-one-half
baths plus dens.
While there are many active adult communities coming on the market today, only
one features the world-class luxury that is
the trademark of Donald J. Trump. And
that community is Trump Park Residences.
It’s not so surprising that Mr. Trump, who
himself turned 60 this year, is targeting
the 55 plus set. And it’s no surprise that
Trump would collaborate with Louis Cappelli
since the two have successfully worked
together to develop Trump Tower in White
Plains and Trump Plaza in New Rochelle.
Buyers Discover an Exceptional Housing Value
Lifestyle amenities include The Club at
Trump Park with its marble floors, magnificent stone fireplaces, tapestries and
sumptuous furnishings. There will be a
spacious adjoining terrace, library, private
movie theater and business center, as well
as a card and billiard area. An indoor and
outdoor swimming pool, a state-of-the-art
fitness center, and biking/walking trails
throughout the site offer plenty of opportunity to indulge in a healthy lifestyle.
One of the most exciting aspects of
ownership at Trump Park Residences is
that residents will have the privilege of
social or golf membership at the prestigious Trump National Golf Club in Briarcliff
Manor, which is among the most highly
regarded private clubs in the area. Incidentally, Trump Park Residences is located just
west of the new Donald J. Trump State
Park, created from 436 acres the developer donated to the state this past spring.
“When Louis heard that the adjacent land
to his was the new Donald J. Trump State
Park, we quickly realized that this was an
exciting world-class opportunity to create
an extraordinary, innovative community for
sophisticated, active adults who demand
the best that life has to offer,” Mr. Trump
said. “As fate would have it, we played golf
a few days later and by the 18th hole, we
had a deal.
Trump Park Residences
3770 Barger Street
Shrub Oak, NY 10598
914.245.0055
www.TrumpParkResidences.com
The offering plan for The Lofts at New Roc
became effective in May with more than
15 percent of the “insiders” purchasing
their apartments. Since then, more than a
third of the homes have been sold.
“People have come through the door –
usually by referral from a resident or via
word-of-mouth – and been wowed by
what The Lofts has to offer,” said Sales
Manager Elvira Arias. She noted that
the residences include many standard
features, such as brand new energyefficient Lowy windows, stainless steel
appliances, granite countertops in the
kitchen, marble baths, Santos
mahogany floors, and a minimum
ceiling height of 11 feet.
T
The Club Room at The Lofts at New Roc is one of many lifestyle amenities available to residents.
A recent buyer, Richard Zampolinm, is
very familiar with The Lofts from having
rented an apartment in the building before
it went co-op. “It was a chance to
continue living in the same great place for
about the same amount of money each
month and build some equity at the same
time,” said Mr. Zampolin, who practices
medicine at a hospital in Manhattan.
Amenities at The Lofts at New Roc
include a landscaped rooftop garden/patio,
an expanded club room, gym and lounge
for residents. The building’s entrance,
lobby, elevator access and corridors are
also undergoing a major renovation. New
purchasers can expect occupancy in three
to six months.
The Lofts at New Roc
145 Huguenot Street
New Rochelle, NY 10801
914.632.1200
www.theloftsatnewroc.com
Cappelli Donates New Home for New Rochelle Harbor Patrol
he growing popularity of water sports
along New Rochelle’s shoreline has
meant increased responsibilities for the
New Rochelle Police Department’s Harbor
Patrol. With this in mind, Cappelli Enterprises has donated to New Rochelle a new
$70,000 harbor building for the city’s five
full-time Harbor Masters and five full-time
seasonal officers. The Police Department
will use the new facility to provide marine
instruction so that more police officers will
become certified in marine safety.
“Thanks to Cappelli Enterprises, the new
Harbor Patrol Building is going to help our
harbor masters and crew to improve
marine safety for our residents,” said
Police Commissioner Patrick J. Carroll.
Constructed by Future Home Technology
of Port Jervis, NY, a manufacturing
subsidiary of Cappelli, the new building
will replace the old harbor patrol facility,
which is scheduled for demolition. The
new building employs the same modular
technology and materials that Future
Home Technology has used to produce
the more than 4,000 single- and multifamily modular homes it has built since
its founding in 1989.
The new structure, which is triple the size
of the former facility, is topped with a New
England-style cupola and includes storage
areas for scuba gear, classroom and office
space, kitchen pantry and restroom.
The Municipal Marina features about 350
boat slips and 150 mooring spaces that
are rented on a seasonal basis primarily to
New Rochelle residents. The Harbor Patrol
fleet comprises a 41-foot Coast Guard
boat, three smaller boats and two work
boats which are equipped with outboard
motors for patrolling the islands.
5
www.cappelli-inc.com
An Unbeatable Lifestyle, Breathtaking Views
Another Milestone for One Harbor Square
T
he nine-year process to redevelop the
Ossining waterfront moved another
step closer to completion on September
19 when the Village of Ossining and
developer Cappelli Enterprises signed a
land disposition agreement which transferred
the 4.5-acre Villageowned property along
the Hudson River to the
developer.
market-rate condominiums, 10,000
square feet of retail and restaurant space
as well as a waterfront park and esplanade, fishing pier, kayak launch and
storage, public beach and the existing
community. The combination of our
downtown revitalization experience and
GDC’s expertise in waterfront development is unparalleled. Together, I believe
we have the right combination for Harbor
Square,” said Louis R.
Cappelli, President of
Cappelli Enterprises.
“Harbor Square with its
substantial public access
and amenities is the type
of waterfront development that I believe can
initiate the process of
making the Ossining
waterfront a destination
and one of the most
exciting places on the
Hudson River,” said
Martin Ginsburg, principal of GDC.
“We’re delighted that
the closing is behind us,
and we look forward to
finishing clean-up of the
site, so that we can
begin to build One
Harbor Square,” said
Joseph A. Apicella,
Executive Vice President
Architect’s rendering of One Harbor Square, a new waterfront community in Ossining.
of Cappelli Enterprises.
“If all goes well, we
hope to start construction in spring 2007.”
commuter ferry pier. A total of 60 percent of Under the joint venture, GDC will contribthe site is being developed for public use.
ute design and architectural input and
Cappelli Enterprises has teamed up with
will market the development. Cappelli
Ginsburg Development, LLC (GDC) in a
“I’m looking forward to working with
Enterprises will manage the construction
joint venture to build One Harbor Square.
Martin Ginsburg on this exciting opportuof the project.
The $78 million project will include 150
nity to develop a significant Hudson River
Trump Parc Plans Moving Forward
P
lans are moving ahead on Trump Parc,
a new luxury condominium tower
proposed for downtown Stamford, Connecticut. Louis Cappelli and Donald Trump
are partnering with Stamford developer
Thomas Rich on the new project planned
for the corner of Washington Boulevard
and Broad Street near Mill River Park.
A revised plan for the building, which was
submitted for review to the city in September, calls for a 34-story tower with
177 luxury condominium residences and
four stories of parking above ground. The
new plan reduces the overall height of the
building from 400 to 350 feet and
provides more open space along the
sidewalk at the base of the building.
6
The Costas Kondylis designed building
will feature 30 one-bedroom, 104 twobedroom and 43 three-bedroom
www.cappelli-inc.com
T
rump Plaza is changing the face of
New Rochelle’s skyline and bringing
new vitality to the downtown area. The
40-story luxury condominium tower is
also capturing the imagination of homebuyers from throughout the region who
are attracted to the beautifully designed
homes, spectacular waterfront views and
close proximity to Manhattan.
Ilyasah Shabaz, who was the very first
buyer at Trump Plaza, said she was initially
attracted by the Trump name. But what
really sold her were the convenient
location, waterfront views and the many
amenities and services.
“It’s so conveniently located to the city
yet you have the green grass of suburbia
and the waterfront. It’s perfect for me,”
said Ms. Shabaz, a New Rochelle resident
who purchased an apartment on the 27th
floor of the tower. “Knowing that Cappelli
was the builder was important to me.
They do high quality work,” she added.
As work continues on the soaring tower,
sales have also been reaching new heights
with more than 50 percent of the 187
residences sold, making Trump Plaza one of
the fastest selling luxury high-rise condominiums in the region. Prices start at low $500’s.
“Everyone knows about Trump Plaza —
they can see the 40-story building from
pretty much everywhere,” said Sales
Manager Elvira Arias. “They don’t have to
residences including six two-story penthouses on the top two floors. The
residences will feature the highest quality
finishes and fixtures, marble bathrooms
and spacious terraces.
She said buyers are heading to Trump
Plaza from Manhattan and Riverdale
as well neighboring towns including
Pelham, Larchmont and Scarsdale. And
the reason is clear…Trump Plaza offers
an unbeatable lifestyle experience.
In addition to its breathtaking views of
the Manhattan and Long Island Sound,
Trump Plaza also offers a wide array of
first-class amenities including an elegant
marble lobby, indoor swimming pool and
full-service health club, a business
center, a rooftop garden and 24-hour
valet parking and concierge services.
Trump Plaza residents also enjoy the
added convenience of being just a
block from New Rochelle’s new rail
Transportation Center and 20 minutes
from New York City on Interstate 95.
Prospective buyers can visit the Trump
Plaza Sales Center at 145 Huguenot
Street in New Rochelle to tour fully
decorated model condominiums.
Trump Plaza
175 Huguenot Street
New Rochelle, NY 10801
914 632-6300
www.trumpplazanewrochelle.com
Construction of the 40-story Trump Plaza tower continues
at a fast pace with completion expected in late 2007.
A Helping Hand for New Rochelle’s Bravest
N
ew Rochelle’s bravest received a
helping hand from Cappelli Enterprises,
which recently donated $15,840 to the
New Rochelle Fire Department for the
purchase of life-saving ropes for their
firefighters. The “self extrication” nylon
ropes are used in the event that firefighters
become trapped in a building and ladders
cannot be mounted in time to reach them.
As Stamford’s tallest building, Trump Parc
will offer spectacular views of Long Island
Sound and the New York City skyline.
Luxury amenities at Trump Parc will
include a 24-hour concierge/doorman, a
landscaped deck, an indoor swimming
pool, a full-service health club, a clubroom, library, billiards and screening
rooms.
Trump Parc is conveniently located just
minutes from the Stamford train station
and in the heart of the city’s vibrant
downtown with its many fine restaurants,
shops and theaters.
envision what’s going on here in New
Rochelle, because the revitalization of
the downtown storefronts is happening,
and the excitement is building.”
Architect’s rendering of Trump Parc.
David Guiliano, firefighter, and Raymond Kiernan,
Commissioner, New Rochelle Fire Department,
pictured with Joe Apicella, Executive Vice
President, Cappelli Enterprises.
“Our firefighters will be able to quickly
unfurl the ropes to lower themselves
from a window or roof to safety,”
explained New Rochelle Fire Commissioner Raymond Kiernan. “We are grateful to Louis Cappelli and his organization
for funding this life-saving equipment.”
The ropes – which are not standard-issue
– come coiled in pouches that can be
stored in firefighters’ pockets.
All firefighters of the 160-member
New Rochelle Fire Department will
undergo training in the use of the
self-extricating ropes.
“These brave firefighters form a first line
of defense to protecting the quality of life
for the citizens of New Rochelle which is
undergoing an exciting revitalization. It’s
only right that they be given this critical
tool to protect themselves as well,” said
Mr. Cappelli.
3
www.cappelli-inc.com
Bright Vision for Yonkers Taking Shape
O
n a bright and sunny day that felt
more like summer than fall, several
hundred guests and VIPs – including
Governor George Pataki -- gathered in
the heart of downtown White Plains to
celebrate the dawning of a new era in
luxury living in Westchester County.
The October 3rd “topping off” ceremony
for The Residences at The Ritz-Carlton,
Westchester, which marked the completion of the building’s highest floor, was a
landmark event for White Plains and
Westchester County.
When completed the new 44-story
residential tower will be the tallest building
between Manhattan and Boston. The new
tower also heralds the debut in Westchester of The Ritz-Carlton Hotel Company,
L.L.C. and further energizes the ongoing
renaissance of downtown White Plains.
Addressing more than 200 dignitaries
who gathered across from the construction site at the intersection of Main Street
and Mamaroneck Avenue, Louis R. Cappelli said, “Today we are elevating luxury
living to new heights in
Westchester County and
the surrounding region.
We are extremely
pleased to have The
Ritz-Carlton Hotel Company, a name synonymous with luxury living,
five-star accommodations and unparalleled
personal service.” He
added, “The Residences
at The Ritz-Carlton,
Westchester offers a
once-in-a-lifetime opporVisitors to the new Sales Presentation Center can behold a simulated
tunity for homebuyers
panoramic view from the tower’s upper floors with breathtaking views.
who are seeking an
ultra-luxury lifestyle
never before available in this market. The
Plains and Westchester County are a
Ritz-Carlton, Westchester will set a new
perfect fit for our brand. This world-class
standard for luxury hotels in the area.”
building with its close proximity to New
York City marks yet another important
Simon F. Cooper, President and Chief
step forward for our company’s residential
Operating Officer of The Ritz-Carlton Hotel portfolio,” said Mr. Cooper.
Company, L.L.C., said his company was
delighted to be bringing the unique and
The festive ‘topping off’ event was
distinctive style of Ritz-Carlton living to
celebrated with cannons showering the
the Westchester County area. “White
crowd with confetti, colorful balloons
floating in the air, and members of the
cast of the new Twyla Tharp/Bob Dylan
Broadway Musical “The Times They Are
A-Changin” performing songs from the
show. The event also featured a ribboncutting ceremony to mark the official
opening of The Residences at The RitzCarlton, Westchester Sales Presentation
Center at 227 Main Street.
A
bright new vision for the revitalization
of downtown Yonkers and the
Hudson River waterfront is beginning to
take shape with the recent unveiling of
the $1.5 billion first phase of the redevelopment plan proposed by Struever
Fidelco Cappelli LLC (SFC).
The main elements of the Phase I development are River Park Center, Palisades
Point, Cacace Center and the Reopening
of the Saw Mill River.
River Park Center, which is located in the
area known as the Gateway District, will
feature a mix of retail, office, residential
and entertainment components including
a 15-screen movie theater, restaurants
opening onto a new riverwalk along the
reopened Saw Mill River and a new
6,500-seat ballpark located on the roof
level of River Park Center.
Palisades Point, which is planned for two
Hudson River waterfront development
sites south of the Yonkers train station,
will be comprised of two residential
condominium buildings with ground-level
retail/restaurant or office space and two
parking facilities.
Architect’s rendering of ‘River Park’ ballpark in downtown Yonkers, NY.
The two 25-story residential buildings will
offer spectacular views of the Hudson
River, the Palisades and Manhattan as well
as easy access to the nearby Metro North
train station. Palisades Point will also
feature a beautifully landscaped riverfront
esplanade and publicly accessible open
space with restaurants and boat launch.
Cacace Center will feature a new
150,000-square-foot office building and a
new 150-room hotel on the corner of
2
Cutting the ribbon at the topping off celebration were, from left: Jim Sullivan, Executive Vice President,
Lodging Development, Marriott International, Inc.; White Plains Mayor Joseph Delfino; Louis R. Cappelli,
President of Cappelli Enterprises, Inc.; Simon F. Cooper, President and COO, The Ritz-Carlton Hotel
Company, L.L.C.; Charles A. Gargano, Chairman, Empire State Development Corporation; and New York
State Senator Nicholas Spano.
www.cappelli-inc.com
The Phase I development outlined by SFC
will be a major economic boost to the City
of Yonkers and the entire region. It is
estimated that the Phase I development
will create 13,000 construction jobs and
5,460 permanent jobs. Phase I will also
generate $14.8 million annually in tax
revenue for Yonkers as well as $14 million
in taxes for the state and $4.9 million for
Westchester County.
Struever Fidelco Cappelli is a joint venture
partnership formed by Cappelli Enterprises, Struever Bros. Eccles & Rouse of
Baltimore, and Fidelco Realty Group of
New Jersey. Over the past six months,
SFC has conducted an extensive community outreach program, making presentations about its redevelopment plan to a
wide range of community groups and
business organizations in Yonkers.
Prior to the ceremony, Mr. Cappelli
accompanied Governor Pataki and a host
of other dignitaries and news media to
the 41st floor where they were treated to
breathtaking 360-degree views of Manhattan, Long Island Sound and the
Hudson Valley.
The Residences at The Ritz-Carlton,
Westchester
277 Main Street
White Plains, NY 10601
914.946.9200
www.RCResidencesWestchester.com
Nepperhan Avenue and South Broadway
adjacent to the Cacace Justice Center.
The Phase I redevelopment plan will also
include the much-discussed reopening of
the Saw Mill River that now runs underneath parts of the downtown in Larkin
Plaza. Landscaped public riverwalks would
be built along the portions of the Saw Mill
River in Larkin Plaza and the River Park
Center site near Getty Square.
Architect’s rendering of ‘Riverwalk’ along reopened Saw Mill River.
Struever Fidelco Cappelli
Yonkers, NY
www.sfcyonkers.com
7
www.cappelli-inc.com
Grace Church Honors Cappelli for Renovation Work
L
ouis R. Cappelli recently received more
than an ovation from the parishioners
at Grace Episcopal Church at dedication
ceremonies for its newly renovated parish
hall. He was surprised with a stainedglass window to be created in his honor,
one that will face The Residences at The
Ritz-Carlton, Westchester and The RitzCarlton Westchester hotel that are now
under construction.
social services programs including
Samaritan House, Day Care, Soup Kitchen
and Annex to Open Arms Shelter. The
beautiful church sits in the heart of downtown White Plains and never closes.
Mr. Cappelli was visibly touched when
Rev. Janet Vincent, Rector of Grace
Church and President of the Grace Church
Community Center, presented him with a
rendering of the new window.
“Rev. Janet got me feeling that this was
something I wanted to do,” Mr. Cappelli
said. “We wanted the church and the parish
hall to be as beautiful as it could be.”
The presentation came at the end of Rev.
Vincent’s last church service, before she
moves on to become Rector of a large
Episcopal parish in Washington, D.C.
A landmark since 1865, Grace Church and
its community center are known for its
Several years ago while developing City
Center across the street, Cappelli learned
about Grace Church and the important
services it provided.
The Grace Church renovations cost Cappelli approximately $2 million, including
construction crews and management.
The Empire State Development Corporation donated $500,000, and the Weinberg
Foundation contributed $300,000.
Rev. Janet Vincent presents Louis Cappelli
with rendering of new stained glass window
created in his honor.
Pediatric Center Named for Kylie and Louis R. Cappelli
K
ylie and Louis Cappelli recently
realized a project close to their hearts
-- the dedication of the Kylie and Louis R.
Cappelli Pediatric Emergency Center at
White Plains Hospital Center (WPHC).
Exclusively for the use of children and
their families, the new pediatric emergency center will become part of WPHC’s
expanded and fully renovated Flanzer
Emergency Department, which began
construction this fall.
A dedication ceremony was held September 13 at the Hospital to recognize the
$1.5 million contribution received from
the Cappellis. The donation is comprised
of $500,000 donated at last year’s Grand
Opening Benefit Gala for Trump Tower at
City Center – which designated WPHC as
the exclusive beneficiary – and a $1 million
gift from the Louis R. Cappelli Foundation.
The Kylie and Louis R. Cappelli Pediatric
Emergency Center will have its own
waiting room for the exclusive use of
children and their families that is separate
and distinct from the main emergency
room. In addition, child-friendly bays will
WPHC President & CEO Jon B. Schandler, right, makes presentation to Louis and Kylie Cappelli.
be designed to make a child’s hospital
experience less intimidating while ensuring that specifically designed pediatric
equipment is readily available. The facility
will also be staffed round the clock with
healthcare professionals specially trained
in pediatric emergency medicine.
In thanking the Cappellis, Jon B. Schandler, WPHC President and CEO, said,
“Their generosity will make it possible to
better serve the needs of the children and
their families in our expanding
community.”
Cappelli Enterprises
115 Stevens Avenue
Valhalla, NY 10595
914.769.6500
www.cappelli-inc.com
www.cappelli-inc.com