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Rose Associates residential development met aggressive timelines for occupancy goals amidst supply chain challenges

WHITE PLAINS, NY – March 10, 2025 –  Callahan Construction Managers (Callahan), a  full-service construction management company headquartered in Bridgewater, Mass. with offices in White Plains, announced today that it has completed construction of the new Alexander Crossing apartment community in Yonkers, New York. The 7-story project was developed by Rose Associates, a premier multi-family real estate firm with multiple properties in the metro region.

The community features 440 units offered in studio-, one-, two- and three-bedroom configurations, with five levels of wood-frame over a two-level podium cast-in-place garage. Rose Associates’ communities are in high-demand, making firm deadlines for occupancy goals essential to the project’s success. Callahan worked hand-in-hand with the Rose team and the city of Yonkers to meet critical turnover dates and utilized a phased approach in order to begin marketing the available units as quickly as possible. The project represents the latest success story in revitalizing Yonkers’ waterfront and creating development opportunities in concert with the Westchester RiverWalk public pathway.

Despite the project kicking off as global supply chain issues challenged timelines, the Callahan team worked closely with suppliers and subcontractors to ensure project milestones were adhered to in accordance with schedule goals. With numerous amenities including an outdoor heated swimming pool, a roof deck with grilling stations and dining areas, a fitness center, a multi-sport simulator, and a game room, the pre-construction phase involved multiple stakeholders to ensure equipment, finishes, and technology components were delivered and installed as each section of the community was completed.

“Callahan has a long track record of making exciting residential developments come to life across the Northeast, and we’re particularly proud to see our New York team lead the way on the construction of Alexander Crossing,” said Dave Morrow, vice president of New York Operations for Callahan Construction. “As we continue to win more work in the Tri-State area focused on residential and mixed-use developments, we look forward to creating desirable living spaces for residents to work and play.”

Alexander Crossing is actively leasing, and more information is available here. To see Callahan’s residential building portfolio, click here.

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The 142-room development advances PEG Companies’ innovative Residence Inn replacement strategy that delivers well-appointed select service assets in strong markets.

PEABODY, MA – February 6, 2025 – PEG, a leading vertically integrated owner, operator and developer of multifamily, hospitality and build-to-rent assets in the U.S. and Canada, and  Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations have successfully closed on financing and commenced construction on the Residence Inn by Marriott Peabody. As General Partners in PEG’s Residence Inn Replacement Strategy, PEG and McNair Interests are executing this initiative to modernize first-generation Residence Inns in high-demand markets. For this project, they’ve joined forces with Simon which owns and operates the mall housing the new hotel.

“The Residence Inn by Marriott Peabody exemplifies PEG’s dedication to delivering exceptional hospitality experiences that generate lasting value for both our investors and the communities we serve,” said PEG Development Manager Anthony Maxfield. “We are proud to bring this development to life in collaboration with our trusted partners.”

Located on 2.7 acres at the Northshore Mall, the premier shopping, dining and entertainment destination serving the coastal communities north of Boston, the new property will be walkable to these mixed-use amenities and offer 142 rooms designed in Residence Inn’s latest Gen 9 Residence Inn prototype. The Residence Inn by Marriott Peabody will offer plentiful parking in addition to a range of amenities, including a fitness center, an indoor pool, media salons, a conference room, and a hearth room.

“We’re excited to add the Residence Inn by Marriott at Northshore Mall to further enhance the center’s positioning as the region’s premier experiential place to shop, stay, and play while serving as a destination and a gathering place for the community,” said Patrick Peterman, Senior Vice President of Mixed-Use Development at Simon.

Project team include McNair Interests, Simon, DesignCell Architecture, R.J. O’Connell & Associates, and Callahan Construction.

The Residence Inn is expected to open in Fall 2026.

To learn more about PEG Companies, visit pegcompanies.com.