Commercial

Newmark Selected to Lease, Manage Briarcliff Manor Office Complex

May 19, 2022

BRIARCLIFF MANOR—Newmark reports it has been retained by the new ownership of 555 Pleasantville Road, as the exclusive leasing agent and property manager. The property has been recently sold to a joint venture between Saber Real Estate Advisors, Tarrytown Partners and GHC Development. USI Insurance was a major tenant at the property. Newmark's Executive Managing…

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NYC Developer Seeks Approvals to Redevelop Former Doral Arrowwood Property

May 19, 2022

RYE BROOK—Manhattan-based Cohen Brothers Realty Corporation announced on May 12 it will submit a proposal for what it termed will be a “dramatic redevelopment” of the shuttered Doral Arrowwood Hotel and Conference Center. The plan calls for the construction of a wellness-focused luxury boutique hotel and spa destination featuring multiple restaurants, celebrity-chef dining, extensive indoor…

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New York Developer Breaks Ground on $585 Million Project on Yonkers Waterfront

May 17, 2022

YONKERS—Westchester County and city officials were on hand on May 5 to celebrate the groundbreaking of a nearly $600-million mixed-use project that will transform a large swath of the city’s waterfront by adding nearly 1,400 units of housing to its growing housing stock. Extell Development officials turned the first dirt on its long awaited $585-million…

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Macquarie Group Signs Nearly 222K SF Lease at 660 Fifth Ave.

May 17, 2022

NEW YORK—Global financial services firm Macquarie Group has signed a lease for nearly 222,000 square feet at Brookfield Properties’ 660 Fifth Ave. office tower in Midtown Manhattan. The firm will occupy 221,764 square feet over six floors, in addition to having a private lobby entrance on both the first and second floors and 30,000 square…

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Two Lease Deals Totaling Nearly 27,000 SF Signed at Gateway Building in White Plains

May 17, 2022

WHITE PLAINS—Commercial real estate brokerage firm CBRE announced on May 16 it had completed two new office leases at The Gateway Building in Downtown White Plains totaling 26,507 square feet. Both lease deals will involve companies relocating operations from other White Plains locations to the Gateway property at One North Lexington Ave. International law firm…

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The Village of Ossining Reissues RFP for Redevelopment of 200 Main Street

May 11, 2022

OSSINING—The Village of Ossining has issued a request for proposal (RFP) from a qualified developer for the adaptive reuse of a National Register-listed historic building—200 Main St., which was built in 1908 and sits on a village-owned parcel at the intersection of Main Street and NYS Route 9 (Highland Avenue). The village stated in its…

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Caramoor Center for Music and the Arts—a Hidden Gem in Northern Westchester

May 9, 2022

KATONAH—Sequestered on 80 acres in the Katonah countryside in northern Westchester County, Caramoor Center for Music and the Arts is an unassuming, yet incredibly beautiful destination for live music performances of all genres. Featuring a Spanish courtyard, Venetian theater, sunken gardens, a Renaissance-infused music room and meandering pathways to explore, Caramoor also offers educational and…

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Former Charter Communications HQ Acquired By George Comfort & Sons for $72 Million

May 4, 2022

STAMFORD, CT—A partnership of New York City-based George Comfort & Sons and AVG Partners of Beverly Hills, CA has acquired the former headquarters of Charter Communications at 400 Atlantic St. here for $72 million. Commercial brokerage firm CBRE reported the transaction for the 14-story, 508,043-square-foot office tower. The property became available following Charter’s completion of…

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City of Newburgh Issues Two Request for Proposals To Redevelop a Host of City-Owned Properties

April 27, 2022

NEWBURGH—The City of Newburgh has recently issued two Request for Proposals (RFPs) that represent what it terms are “exciting and unique development opportunities” for several city-owned properties, including City Hall. The first, RFP #11.22, seeks proposals for the creative redevelopment of numerous city-owned properties—both existing buildings and vacant parcels—that the city hopes will result in…

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Gov. Hochul Earmarks Up to $1 Billion for Route 17 Expansion

April 18, 2022

ALBANY—The most consequential economic development project for the mid-Hudson Valley region in decades is not a major corporate relocation, a large lease deal or a new massive warehouse developed by a national e-commerce giant. Instead, it will be a major infrastructure project that will surely facilitate mega deals like those mentioned above in the coming…

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Newmark Selected to Lease and Manage Briarcliff Office Campus

April 15, 2022

BRIARCLIFF MANOR—Newmark reports it has been retained by the new ownership of 555 Pleasantville Road,  as the exclusive leasing agent and property manager for the office complex. The property has been recently sold to a joint venture between Saber Real Estate Advisors, Tarrytown Partners and GHC Development. USI Insurance was a major tenant at the…

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Advanced Materials Firm Relocating Operations From Tarrytown to Hudson Valley iCampus

April 14, 2022

PEARL RIVER—Momentive Performance Materials Inc. is relocating its operations in Tarrytown to nearly 67,000 square feet of space at the 207-acre Hudson Valley iCampus property here in 2023. Momentive Performance, which is headquartered in Waterford, (Saratoga County) NY will relocate from its current space at 769 Old Saw Mill River Road in Tarrytown in early…

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MIPIM 2022 Conference Focused on ‘Driving Urban Change’

April 11, 2022

Editor’s Note: A contingent of Hudson Gateway Association of Realtors members and staff attended the MIPIM 2022 conference in Cannes, France from March 15-March 18. Using the theme of “Driving Urban Change,” MIPIM organizers offered information about making communities more sustainable, livable, affordable and resilient in the wake of COVID-19. Organizers appealed to the real…

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Orange County IDA Launches Shovel Ready Development Site Initiative With RFQ Release

April 8, 2022

GOSHEN—The Orange County Industrial Development Agency in an attempt to secure new shovel-ready development sites has launched an initiative aimed at creating the link between infrastructure, zoning, land use and economic development opportunities in a cost-efficient manner. The IDA states that its intent is to maximize the economic benefit of potential projects involving both re-use…

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