NEW YORK STATE HOMES AND COMMUNITY RENEWAL, BRP COMPANIES, BASIS INVESTMENT GROUP, AND PROJECT PARTNERS BREAK GROUND ON $178 MILLION NORTH WHITE PLAINS WORKFORCE TRANSIT HUB DEVELOPMENT
First project to break ground under HCR’s Housing Acceleration Fund will deliver 296 residences, including 30 affordable homes, directly across from the North White Plains Metro-North Station
North White Plains, N.Y. – November 12th, 2026 – New York State Homes and Community Renewal (HCR), BRP Companies, Basis Investment Group, and project partners today broke ground on North White Plains Workforce Transit Hub, a $178 million mixed-use residential development located at 20 Haarlem Avenue, 27 Holland Avenue and 7-11 Holland Avenue, directly across from the North White Plains Metro-North Station. The approximately 393,000-square-foot development will deliver 296 residences, neighborhood-serving retail, publicly accessible open space and thoughtfully designed amenities in one of Westchester County's fastest-growing transit corridors. Construction is being led by Skycore Builders and Perkins Eastman is serving as the project’s architect.
“Today marks an exciting milestone for North White Plains and for the future of housing in Westchester County,” said Steven Smith, Partner of BRP Companies. This development will bring nearly 300 new homes, including affordable residences, right across from the Metro-North station, giving residents easy access to jobs, transit and everything the region has to offer. We’re grateful to HCR, our financing partners and the White Plains community for their support in getting shovels in the ground.”
“Addressing New York’s housing shortage takes thoughtful capital and partners who can turn complex development opportunities into homes that serve a range of incomes,” said Dale Burnett, Co-founder & Partner of Basis Investment Group’s BIG Equity Investors. “Our continued partnership with BRP reflects our confidence in their execution and our belief that meeting essential housing needs creates lasting value for residents and communities without sacrificing returns to investors.”
“North White Plains is a great example of how thoughtful investment can help create housing that connects residents to transit and opportunity,” said Sadie McKeown, Head of CPC Building Innovation at The Community Preservation Corporation. “CPC is proud to invest $10 million in this development and to work alongside BRP Companies and our partners to bring nearly 300 new high-performance homes to a growing region. Projects like this show how we can expand housing supply while creating more sustainable, connected communities that will serve residents for years to come.”
“We approached the design for North White Plains as an opportunity to enhance the community around it,” said Stuart Lachs, AIA, LEED AP, Principal, Perkins Eastman. “With direct access to the Metro-North station, the new public park and retail are meaningful public amenities, while the residences provide a modern living option and the building's all-electric systems keep it aligned with where the region is headed. The result is a high quality of daily life for those who live at North White Plains and those who pass through. Congratulations to BRP Companies and our partners on breaking ground.”
North White Plains will include 296 studios, one-bedroom and two-bedroom residences. Thirty apartments will be designated as affordable housing, including five homes reserved for households earning between 50 and 60 percent of Area Median Income (AMI) and 25 homes affordable to households earning up to 110 percent of AMI.
Designed to encourage connectivity and an active, walkable lifestyle, North White Plains will feature a fitness center, resident lounge, co-working lounge, event space and landscaped courtyard. The development will also include approximately 1,000 square feet of ground-floor retail intended for a grab-and-go coffee shop, a 15,000-square-foot publicly accessible park with passive recreational space and a dog run, and a two-level parking garage with 383 parking spaces. Additionally, North White Plains will feature all-electric building systems and is designed to meet LEED Silver certification and New York State Energy Star standards, supporting long-term environmental performance and operational efficiency.
The groundbreaking follows the closing of construction financing in July 2026, supported by a comprehensive financing package that reflects strong public and private sector commitment to advancing housing opportunities throughout New York. The capital stack includes approximately $120.6 million in construction financing from Merchants Capital, a $10 million loan from The Community Preservation Corporation (CPC), $18 million in financing from New York State Homes and Community Renewal (HCR) and approximately $29.7 million in equity from Basis Investment Group and BRP Companies.
With construction now underway, North White Plains demonstrates how public and private partners can work together to deliver thoughtfully planned, transit-oriented residential communities that generate long-term economic and community impact for White Plains.
Completion is anticipated in Q2 2029.
About BRP Companies
BRP Companies is a New York-based real estate firm that is at the forefront of mixed-use development and acquisition of urban, multi-family properties. The firm offers a full complement of development, acquisition, construction, property, and investment management. With an experienced staff of 70, a $6.7 billion portfolio and a total portfolio of 15.7 million square feet of planned, current and completed development, BRP is uniquely positioned to meet the demands of urban housing consumers. The firm is an innovator in developing mixed-use, mixed income, “walkable” urban housing with high-quality, and energy efficient properties throughout the city of New York and beyond. Please visit: www.brpcompanies.com.
About Basis Investment Group
Basis Investment Group is a full-service commercial real estate investment platform investing across the capital stack of stabilized, transitional, and development CRE assets throughout the United States. With representation in New York, Chicago, Dallas, D.C., Tampa and Irvine, CA, Basis has successfully closed more than $9.2 billion in transactions across multiple strategies and asset classes focusing across the US middle market.
Basis focuses primarily on investments in the middle market where it has deep relationships. Basis is a registered investment advisor and lender that invests in both debt and equity strategies including fixed-rate senior mortgage loans, bridge loans, mezzanine loans, preferred equity, structured equity, JV equity and CMBS B-piece investments. For more information, please visit www.basisinvgroup.com.
Source: BRP Companies.
