Former Reader's Digest HQ reopens as apartmentsPosted: Updated:
Westchester County Executive George Latimer joined developers Thursday to cut the ribbon on the newly renovated former headquarters of Reader's Digest -- now the Chappaqua Crossing apartment building.
The project includes 26 market rate apartments, which begin at around $3,000 a month, and 38 affordable housing units, which cost slightly above $1,000 to rent. The affordable units are part of the county's agreement with the Department of Housing and Urban Development to build more affordable housing in wealthy Westchester communities.
The four-story building was originally erected in 1939.
Other areas of the former Reader's Digest campus have been turned into a mix of office and retail space. Major construction is underway across the 114-acre property.
In the end, it will include a Whole Foods Market, shops and restaurants and a gym.