• Community is Over 90 Percent Leased

WHITE PLAINS, NY (March 2, 2005) — Bank Street Commons, the 502-unit residential community located in the heart of downtown White Plains, has emerged as a focal point of the city's fast-moving revitalization.

Comprised of two high-rise towers and a single-story fitness facility, Bank Street Commons is located within walking distance of numerous shopping, dining, entertainment and nightlife venues. The property is directly adjacent to the Metro-North Railroad Station.

"White Plains has rapidly distinguished itself as one of the Northeast’s most vibrant urban environments, and Bank Street Commons is a centerpiece of the city’s success story,” said Peter Gilpatric, senior vice president of LCOR, the national real estate company that developed the property.

Gilpatric said that Bank Street Commons has found a highly responsive market and that leasing at the site has stabilized at a level exceeding 90 percent.

“The success of Bank Street Commons reflects the dramatic emergence of downtown White Plains as an ideal live-work environment,” he said. "The property is the perfect location for the busy professional, and also for commuters who can live directly across the street from rail service that takes them to midtown Manhattan within a half hour.”

He said LCOR adds further value to the residential experience by offering opportunities to "build a community among people living at Bank Street Commons.” For example, they recently hosted a series of well-attended social functions as part of "Resident Appreciation Week." Gilpatric also said LCOR soon will be announcing final plans for new retail amenities for the site.

Bank Street Commons offers residents a choice of three types of units: a 750-square-foot, one-bedroom, one-bathroom apartment; a 950-square-foot, two-bedroom, one-bathroom apartment; and a 1,150-square-foot, two-bedroom, two-bathroom apartment.

All pre-wired for Internet and cable access, the apartments feature full-sized, stackable washers and dryers, large closets, spacious designer kitchens with breakfast bars, and multiple phone lines. Amenities at the pet-friendly residential community include landscaped, lighted courtyards, an indoor pool, a 24-hour fitness center, concierge services, a party room, 24-hour emergency maintenance services, controlled-access security, and a valet parking garage.