King Street, Port Chester

Rajeev Chennattu, founder of Regency Commercial Real Estate at 455 Central Park Ave. in Scarsdale, has amassed a lot of experience during his more than 30 years in the business. He came to the U.S. from India as a teenager, graduated from Iona, went to work for IBM and ultimately set off on his own in the world of commercial real estate, including brokering properties and arranging investments.

Recently, through his Regency Port Chester JV LLC, he took over a project to build a 12-story 185-unit apartment building at 208-216 King St. in Port Chester. The project originally had been presented to Port Chester as a development by High Street Residential, the residential subsidiary of Trammell Crow Company with its application filed by TC NE Metro Development Inc./Trammell Crow Company.

“We do have a number of development parcels that we own and one of the parcels that we own was King Street for a number of years,” Chennattu told the Business Journals. “Trammel Crow came in and expressed an interest in doing a venture with us in developing that parcel. This happened back in 2020. So, we entered into a contract and they were contract vendee with us subject to them getting a site plan approval, which they pursued with the village of Port Chester.”


King Street Rendering

PORT CHESTER, N.Y. — Locally based developer Regency Commercial has received site plan approval from the Village of Port Chester, located about 30 miles north of Manhattan, for a 185-unit multifamily project. The site spans 221,000 square feet at 208-216 King St. The 12-story building will house studio, one-, two- and three-bedroom units, and amenities will include a rooftop pool, resident lounge, coworking spaces, fitness center and a dog park. About 10 percent of the apartments will be earmarked as affordable housing. Regency is now seeking a partner to either take over or co-develop the property.