Armonk Office Campus Proposed for Conversion to 55+ Rental Community

A proposal to transform a former office property in Armonk into a 55+ residential community has advanced to the next stage of review following a public hearing before the Westchester County Industrial Development Agency (IDA).



The project, proposed by Airport Campus I LLC, Airport Campus II LLC, Airport Campus III LLC, and Airport Campus IV LLC, would redevelop the property at 113 Weber Farm Road, converting the existing office building into a 44-unit rental community, of which 3 will be affordable, for residents age 55 and older. The proposal includes 41 market-rate apartments and three affordable units, along with approximately 20,000 square feet of resident amenity space.

The applicants are seeking financial assistance from the IDA, including sales tax and mortgage recording tax exemptions, as well as a Payment in Lieu of Taxes (PILOT) agreement to support the approximately $54.3 million redevelopment project. During the required public hearing, no public comments were submitted regarding the request. The IDA will consider the application at a future meeting.

Unlike many housing proposals involving new construction, this project would repurpose an existing commercial office property for residential use. As communities throughout the Hudson Valley continue to evaluate ways to expand housing opportunities, adaptive reuse of underutilized office buildings has emerged as one strategy for increasing housing inventory while making productive use of existing infrastructure.

The proposed community is designed to serve adults 55 and older, offering housing options for residents seeking to downsize while remaining in northern Westchester. Age-restricted developments can help address changing demographic needs while providing additional housing choices within established communities.

The proposal illustrates how adaptive reuse projects are becoming an increasingly important part of the housing conversation. Converting obsolete or underutilized office properties into residential communities can provide new housing opportunities without requiring large-scale greenfield development, while also supporting local economic revitalization.

The project remains under review, and any requested IDA financial assistance must be approved before redevelopment can move forward.

Sources: Westfair Business Journal and Westchester County Industrial Development Agency public hearing materials.