News:
Spotlight Content
Posted: November 25, 2025
City of New Rochelle and Cappelli delivers public playground through CBB program
New Rochelle, NY The city of New Rochelle and the Cappelli Organization celebrated the ribbon cutting of a new public playground in the heart of downtown, located in front of the municipal parking garage at 51 LeCount Pl. The project was made possible through the city’s Community Benefit Bonus (CBB) program, which allows developers to provide public amenities in exchange for additional project density.
The 2,000 s/f playground features high-quality Burke play equipment, including slides, tunnels, and ladders. Three separate structures accommodate toddlers and slightly older children, while adjacent bench seating offers comfort for parents and caregivers.
“This project is a prime example of how our Community Benefit Bonus program is helping to shape a vibrant and family-friendly downtown,” said mayor Yadira Ramos-Herbert. “Thanks to our collaboration with Cappelli Development, we are creating more inviting public spaces that serve residents of all ages.”
“We’re proud to partner with the City of New Rochelle to bring this thoughtfully designed playground to the community,” said Louis Cappelli, chairman of the Cappelli Organization. “It’s a meaningful addition to the city’s ongoing transformation and a place where families can gather for years to come.”
The playground is a City-owned public facility and will be operated and maintained by the City of New Rochelle. Cappelli Development led the design and construction of the playground as part of its Community Benefit Bonus agreement.
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
.jpg)
Columns and Thought Leadership
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
.gif)