WPCNR East Side Story. May 4, 2006 UPDATED 10:00 P.M. E.D.T.: Clayton Park apartments, the first of the series of apartment complexes to open in White Plains in 2002 is in the process of being sold, it was revealed at a meeting of the Westchester County Industrial Development Agency Thursday morning. Clayton Park is being acquired by Blackrock, Incorporated of New York and Haveland LLC of Stamford Connecticut. The complex which reports 249 of its 261 units as being rented according to its latest sales availabilities as of today, was built for approximately $50 Million six years ago. 

Clayton Park Seen from Eastview School, January, 2002. Photo, WPCNR News Archive.

Real estate experts in White Plains estimate the building is worth about $75 Million on today's real estate market. Philip Restifo founder and President of Haveland told WPCNR late Thursday afternoon that the deal was still in the negotiation process and he could not comment. He did say Clayton Park was being acquired for "investment." Clayton Park representatives, Blackrock, nor Terry Wavaida, head of the Westchester County IDA have returned WPCNR calls for further details. Clayton Park will become the second property Frank Cantatore, principal of Clayton Park Development, former owners of the property has sold in a month. His 10 Windsor Terrace property on which he was going to build condominiums was sold to a firm in Michigan last month.