Stella, a New Tower Featuring 380 Residences, is Over 60 Percent Leased in Just Five Months

NEW ROCHELLE, N.Y., March 2, 2022 /PRNewswire-PRWeb/ -- In just five months after the start of leasing, Stella, a new mixed-use residential tower in the heart of Downtown New Rochelle offering 380 elegantly designed apartments and world-class amenities with sweeping views of the Long Island Sound, is more than 60 percent leased.

"We are absolutely thrilled at the tremendous response we have received for this exciting new property that is setting a new benchmark for luxury living with gorgeous residences and amazing amenities," said Laura Ali, Property Manager at Stella.

Stella recently welcomed its first new residents. Here is what some are saying about Stella and why they chose it for their new home.

"When I moved to New Rochelle, I looked at a lot of the buildings and Stella was number one. It's brand new and I liked the opportunity of being the first person to move into a brand-new apartment," said Matthew Adams, who recently relocated to the area from Chicago for a new job at Morgan Stanley's headquarters in Purchase. He loves the amenities, especially the Fitness Center. And he can't get enough of the spectacular views from his apartment's expansive floor-to-ceiling windows. "I look out of my window probably an hour or two every day. The view is incredible," he said.    

Matthew Medina said a big factor driving his decision to choose Stella was its pet amenities which include a pet spa and pet terrace. "I have two large dogs so this is an incredible benefit for me," said Medina, who moved from Pelham. "The amenities here are just insane. You have on-site parking, an outdoor pool on the 26th floor, a gym, and great workplaces," he noted. "It really is a beautiful building and the views are just incomparable. I can't wait for summer. The outdoor pool is going to be really cool," he added.

For Josephine Kim, moving to Stella was a homecoming of sorts. "I grew up in New Rochelle. I'm very familiar with the area even though I haven't lived here for the past 25 years. I wanted to move somewhere that is familiar and comfortable and is in close proximity to New York City," said Kim, who is retired and moving from Manhattan. "I love the fact that this building is brand new. That's very important for me. And it has all these amenities I wanted in a new building," she said, adding, "It's also very appealing to have a concierge and staff who are all so professional and so polite."

Alpha Diallo also moved to Stella from Manhattan. "I really like the floor-to-ceiling windows. Just being able to look out the window and see these views is a very refreshing change for me. Having more light in my apartment was a big factor," said Diallo, who is software engineer. "I like that the location is very walkable. Everything I need is nearby. And if I want to travel somewhere, I just get in my car and hop on the highways. It's super convenient," he added.    

Stella is conveniently located in the heart of downtown New Rochelle near restaurants and shops. It is just two blocks from the Metro-North station which offers a 35-minute commute to Grand Central Terminal.

Stella's prime location in downtown New Rochelle was one of the reasons why Lawrence Zucker-Gold was sold on Stella. "Everything is close by. If I want to pick-up some groceries I don't have to get in my car. I can just walk," said Gold, who is the Event and Operational Director at the VIP Country Club in New Rochelle. "I like the space in my studio apartment especially the closet space. And the bathroom is huge," he said.

Stella's beautiful and spacious residences feature expansive floor-to-ceiling windows, solar window shades, luxury wide plank flooring, in-home washer/dryers and smart door locks. The residences offer spectacular panoramic views of the Long Island Sound and the Manhattan skyline.

Stella abounds in luxurious amenities including a 24-hour attended lobby and package room with cold storage. In a feature unique to this market, Stella will boast an outdoor rooftop pool on the 26th floor with sun loungers where residents can enjoy the stunning panoramic views. There is also a rooftop deck with BBQ grills and al fresco dining, a landscaped terrace with loungers, and an outdoor pet play area. In addition, there will be a 6,200-square-foot ground floor retail space with a café and shops.

Indoor amenities include a lobby café with seating and co-working area; rooftop bar lounge with a wide screen TV and pool table; chef demonstration kitchen; state-of-the art Fitness Center with two private fitness studios, virtual fitness classes and outdoor access; children's playroom with reading nook; co-working lounge with conference room; bicycle storage; and pet spa. Residents enjoy the convenience of indoor covered parking with available electric charging stations.

The $190 million project, which is being developed by LMXD and Wilder Balter Partners, Inc., is comprised of studio, one-, and two-bedroom apartments. Gross monthly rents for the market rate residences start around $2,000 per month.

For more information, visit the offsite Leasing Gallery located right next to Stella at 451 Main Street, New Rochelle or visit http://www.rentstella.com

Exclusive marketing and leasing are being handled by The Marketing Directors.

About LMXD:
LMXD is the mixed-income development affiliate of L+M Development Partners Inc., one of the nation's leading builders and developers of affordable housing. Building upon a successful 35-year track record on projects such as Essex Crossing in New York and Banner Lane in Washington DC, LMXD's mission is to develop transformative mixed-income, mixed-use projects with a focus on culture, community, and sustainability both within the New York region and across the country.

About Wilder Balter Partners, Inc
Wilder Balter Partners, Inc. is a leading residential real estate development firm located in Westchester County, New York. Over the last 30 years, WBP, its general contracting arm, Griffon Associates, and its property management division, WB Residential have helped to shape the residential landscape of the Hudson Valley. We are fortunate to live and work in the Hudson Valley and every day we strive to make that opportunity available to others. From those looking for affordable living alternatives, to those looking for luxurious apartments, to those looking for an active adult community for the next chapter of their lives, WBP works to create well-planned communities with high performance homes that provide a great lifestyle for our new neighbors.

About The Marketing Directors
The Marketing Directors is a renowned development advisory firm with over forty years of experience working exclusively on behalf of real estate developers to design, market, and sell or lease residential homes. The Marketing Directors team is a collective of strategic thinkers, market experts, and trusted partners. Headquartered in New York with offices and sales teams active across North America, The Marketing Directors have helped clients successfully sell-out hundreds of new developments accounting for more than $30 billion in total sales.

Media Contact

Dean Bender, Thompson & Bender.com, 914-391-6042, [email protected]

SOURCE Stella