Faros Properties and Caspi Development announce upgrades at 120 Bloomingdale Road

Faros Properties, LLC, a New York-based real estate investment firm, and Caspi Development, LLC, a New York-based real estate investment firm, plan to begin interior renovations to their 145,000 s/f, Art Deco property at 120 Bloomingdale Road, formerly the headquarters for Nestlé. Gallin Beeler Design Studio in Tarrytown has been named architect for the project. "The lobby will convey a sophisticated ambiance, with wood panels, cove lighting, stone flooring, a comfortable waiting area with flat screen TV, and a dramatic wood and granite reception desk," said Alexander Leventhal, managing partner of Faros Properties. "A cafeteria upgrade will create a restaurant-like facility for tenants and guests. An expansion of the gym space incorporates new locker rooms with private showers and changing areas, state-of-the-art exercise equipment, a refreshment counter, a cool-down seating area, and flat screen TVs. A luxurious new conference and board room will seat up to 30 people and provide tenants a level of flexibility and AV equipment not found in similar facilities. Also included in the renovation is the incorporation of private decks into 4th floor office space." Among the scheduled exterior renovations are wood paneling, landscaping and extensive plantings of trees and shrubs, new pedestrian walkways, and numerous "green" elements that meet requirements for LEED certification. "We commissioned Gallin Beeler Design Studio to create an environment and amenities commensurate with the finest first class office buildings in the tri-state area," said Joshua Caspi, principal, Caspi Development. "Additionally, the dramatic 4th floor office space and private decks provide an attractively-priced indoor/outdoor option not usually found in commercial properties." The owners are actively seeking additional tenants to fill the approximately 50,000 s/f of available space in the building, including a 28,000 s/f full floor that is divisible. Among the building's features are flexible floor plans, 4th floor offices with outdoor decks and served by a private 100-car parking deck with an overpass directly to the fourth floor, on-site property management and concierge, 24/7 building access, and a main parking lot. The property is conveniently located across from Bloomingdales, one block from The Westchester shopping mall, and within easy access of both highways and public transportation. Current tenants include Oxman Tulis Kirkpatrick Whyatt & Geiger L.L.P., Nationwide Insurance, Byram Healthcare, the New York State Department of Labor, and Keller Williams Realty White Plains.