Featured

Hudson Valley Loses Out on $500M Windfall

December 2015

Gov. Andrew Cuomo at the CFA Awards announcement last week in AlbanyMid-Hudson Secures Nearly $91M in State Funding Mid-Hudson Secures Nearly $91M in State Funding ALBANY—This may well prove the case that the Mid-Hudson is not considered upstate. While the Mid-Hudson region’s economy will surely benefit from the $90.4 million for 109 projects from Gov.…

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Governor to Announce Economic Development Awards Thursday

December 2015

ALBANY—Economic development officials and business leaders from across New York State will be arriving in Albany for Thursday’s announcement of the annual economic development awards. There is a lot at stake at this year’s competition among the state’s regional councils, including the Mid-Hudson Regional Economic Development Council, since Gov. Andrew Cuomo is expected to hand…

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SPOTLIGHT ON: Meet HGAR’s Realtor of the Year

November 2015

Maryann Tercasio had no idea that she was about to be honored as the 2015 Realtor of the Year at the Association’s Annual Meeting in October. In fact, as HGAR President Drew Kessler read the description of the winner, Tercasio was trying to figure out if she knew who it was! “I was sitting there…

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$250M Legoland Project in Play in Orange County

November 2015

GOSHEN—Representatives of Legoland have confirmed that after being turned away by the Village of Haverstraw last month to build a $250-million Legoland Amusement Park there, the company is considering Orange County as a possible site. Orange County officials have been successful in attempting to persuade the developers of a $250-million Legoland–themed amusement park not to…

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Chappaqua Crossing Set to Break Ground in 2016

November 2015

WHITE PLAINS—If all goes according to plan it will be more than 11 years from the time the developer of the former Reader’s Digest corporate headquarters in Chappaqua acquired the property in December 2004 until it turns its first shovel on its mixed-use project on the 114-acre campus in early 2016. The archives of Real…

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Developer Chides NY’s Approval Process

November 2015

WHITE PLAINS—For the majority of his recent presentation before HGAR’s Commercial Investment Division, developer Felix Charney kept to his word and was upbeat and at times humorous about his firm’s 11-year journey to obtain approvals and build a mixed-use development at the former Reader’s Digest headquarters in Chappaqua. However, he did lash out at New…

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Maryann Tercasio Named Realtor of the Year

November 2015

TARRYTOWN—An estimated record 1,200 members of the Hudson Gateway Association of Realtors participated in the HGAR’s 99th Annual Meeting held on Oct. 19 at the DoubleTree Hotel in Tarrytown. The business portion of the all-day event was highlighted by the election of HGAR Officers and Directors, who will be led by 2016 HGAR President Marcene…

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Westchester County Approves Incentives for Projects Worth Nearly $500 Million

November 2015

WHITE PLAINS—The Westchester County Industrial Development Agency granted sales and mortgage tax exemptions to four development projects valued at a combined $496 million on Sept. 24th. The largest project by far is the $275-million redevelopment of the outdated and nearly vacant Westchester Pavilion mall. All four projects are expected to create more than 3,100 construction…

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U.S. Appeals Court Backs HUD on Fair Housing Funding

November 2015

Astorino Claims Vindication on Zoning NEW YORK—While Westchester County government officials say a recent ruling by the United Stats Court of Appeals for the Second Circuit offered “a major vindication” for the county’s position concerning local zoning and home rule, the court in fact sided with the U.S. Department of Housing and Urban Development on…

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Chinese Investor Buying Yonkers Waterfront Projects

September 2015

YONKERS—At the groundbreaking for the $85 million third and final phase of the Hudson Park waterfront rental apartment housing project called Hudson Park River Club here, it was revealed that Strategic Capital, a Chinese-based investment firm, is purchasing the two existing phases and is a partner on the final phase. Arthur Collins, president and co-principal…

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Ambitious New Rochelle Downtown Redevelopment Plan Moves Forward

September 2015

NEW ROCHELLE—After months of public meetings, master developer RDRXR released a recommended action plan for the redevelopment of a large swath of the Downtown district of the City of New Rochelle that has the development potential of approximately 10.7 million square feet of mixed-use space. The plan outlines development potentials in five separate downtown districts.…

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HGAR to Move Headquarters to The Source at White Plains

August 2015

WHITE PLAINS—The Hudson Gateway Association of Realtors, Inc. will be relocating its headquarters offices from The Westchester Pavilion mall at 60 South Broadway to offices on the top floor of The Source at White Plains at the corner of Bloomingdale Road and Maple Avenue in White Plains, Real Estate In-Depth has learned. The Source at…

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$300M Mixed-Use Project in Port Chester Advances

August 2015

PORT CHESTER—Starwood Capital Group of Greenwich, CT officially began the public review process last month on its ambitious $300-million redevelopment plan for the long shuttered United Hospital property here. The project entered the public review process on July 20 after Port Chester’s Board of Trustees voted to accept as complete the Draft Environmental Impact Statement…

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Berkshire Hathaway Enters Market With Two Buys

July 2015

SCARSDALE—The Berkshire Hathaway franchise entered the Westchester County residential real estate brokerage marketplace in a big way recently with the acquisition of two well-known Westchester County brokerage firms—the now former Prudential Centennial Realty in Scarsdale and Tri-Crest Realty, Inc. of nearby Eastchester. Berkshire Hathaway HomeServices New England Properties announced the acquisition of Prudential Centennial Realty,…

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Hudson Valley Home Sales Spike Sharply in Second Qtr.

July 2015

WHITE PLAINS—Strong buyer demand in the second quarter fueled a substantial increase in home sales in the four-county Hudson Gateway Association of Realtors market area, particularly in Orange County. The home sales recovery continued in the region with the only caveat being that home sale prices struggled in most counties in the region over the…

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County Executive Odell Points to Bright Future

July 2015

MAHOPAC—Putnam County Executive MaryEllen Odell said her administration continues to make headway into bringing new development to the “County of Main Streets.” Odell, the keynote speaker at the June 25th meeting of the Commercial Investment Division of the Hudson Gateway Association of Realtors, said she is bullish on the future of the county. She also…

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Ivy Realty Acquires White Plains Plaza Office Towers

June 2015

WHITE PLAINS—After failing to secure the office tower properties more than a decade ago, Ivy Realty of Greenwich, CT has recently acquired the 725,000-square-foot White Plains Plaza office complex here in a distressed sale. White Plains Plaza consists of two 15-story office buildings at One North Broadway and 445 Hamilton Ave. that adjoin Ivy’s 275…

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