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…
Read MoreWHITE PLAINS—More than 150 leaders of Westchester County’s commercial real estate industry were on hand May 12 for the Building Owners and Managers Association of Westchester (BOMA) 30th Annual Hall of Honor Awards Dinner. The dinner, which was held at Abigail Kirsch at Tappan Hill in Tarrytown, honored Simone Development Companies and Argent Ventures for…
Read MoreMore than four years ago, Bridget Gibbons left the private sector to join the Latimer Administration’s economic development department. Little did she know that two years into her new job, the county would be facing its biggest health crisis—COVID-19 that required her to work on developing programs and initiatives to help businesses cope with the…
Read MoreWHITE PLAINS—Westchester County Executive George Latimer announced on May 4th he is reintroducing a community engagement program coined as “On the Horizon” to hear from the public on the future of Westchester County Airport. In February 2020, Latimer first launched the program to support the Master Plan Supplement for Westchester County Airport, but the COVID-19…
Read MoreYONKERS—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…
Read MoreNEW 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…
Read MoreWHITE 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…
Read MoreOSSINING—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…
Read MoreKATONAH—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…
Read MoreYONKERS—The Ridge Hill Shopping Center in Yonkers, which first opened more than a decade ago, has been sold to a partnership of Nuveen Real Estate, Taconic Partners and North American Properties for $220 million. The new ownership intends to rebrand the 74-acre property into an outdoor lifestyle center as well as “unlock the full development…
Read MoreSTAMFORD, 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…
Read MoreNEWBURGH—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…
Read MoreHere in county government, we are always working to improve the lives of everyone who calls beautiful Rockland home. This month I am proud to announce two more grant programs that will utilize $7 million in American Rescue Plan Act (ARPA) funds to do just that supporting small businesses and urban green spaces. We know…
Read MoreALBANY—New York Gov. Kathy Hochul announced on April 25th a $10.7-million award to Food Bank of the Hudson Valley for the construction of a new 40,000-square-foot food distribution warehouse in the Town of Montgomery. State officials noted that the increased demand for emergency food assistance due to the COVID-19 pandemic necessitated a larger facility with…
Read MoreALBANY—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…
Read MoreBRIARCLIFF 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…
Read MorePEARL 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…
Read MoreEditor’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…
Read MoreGOSHEN—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…
Read MoreYONKERS—Greenwich, CT-based development firm National Resources has secured a $230-million refinancing deal for Lionsgate Studios Yonkers, a 500,000 square foot, state-of-the-art film production complex at 28 Wells Ave. in Yonkers. The deal was announced on April 4 by JLL Capital Markets, which worked on behalf of the borrower, National Resources to originate the five-year, fully…
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