WHITE PLAINS – The Westchester County Industrial Development Agency has approved incentives for two new projects – the creation of The Shrub Oak International School in the Town of Yorktown and the residential conversation of the former AT&T headquarters at 440 Hamilton Avenue in White Plains.
The Shrub Oak International School for autistic adults ages 14 to 22, will invest over $40 million in purchasing, renovating and upgrading a vacant facility at 3151 Stoney Street in Shrub Oaks and replace it with a for-profit, high-performance boarding school that will provide tax revenue and an estimated 584 new jobs. The project, on 127 acres of land with a main building of 270,000 square feet and six outbuildings of 20,000 square feet combined, dormitory rooms, classrooms, an auditorium, a gym, dining room and other spaces. Two barns, a pool, improved parking and a helistop will also be constructed.
The IDA inducement for 440 Hamilton Avenue in White Plains will make possible the estimated $87 million purchase, renovation and expansion of the former AT&T headquarters into a state-of-the-art 245-unit residential facility scheduled to open in early 2019. The 350,000-square-foot, 12-story building, will be expanded by 20,000 square feet and 10 percent of the new housing stock will be set aside as affordable housing.
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