CARMEL—The year 2015 saw some changes in Putnam County government, from Tourism Director Libby Pataki taking leave to manage her husband former New York Gov. George Pataki’s Presidential bid to Putnam Economic Development Director Meghan Taylor leaving the PEDC to take on a key regional post with the Empire State Development Corp. However, the county…
Read MoreWHITE PLAINS – In 2016,The Hudson Gateway Association of Realtors celebrates the 20th anniversary of the launch of its flagship monthly newspaper Real Estate In-Depth and is also acknowledging the 90th consecutive year of publishing a membership newspaper/magazine, in addition of course to the 100th anniversary of the founding of the Realtor association. For those…
Read MoreGov. 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.…
Read MoreALBANY—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…
Read MoreSLEEPY HOLLOW—With approvals in hand for its first phase of development, the developer of what is now being called the “Edge on Hudson” development at the former General Motors assembly plant property here expects to commence site work and necessary infrastructure upgrades in early 2016 to ready the site for what will be a massive…
Read MoreMaryann 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…
Read MoreGOSHEN—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…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreTARRYTOWN—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…
Read MoreWHITE 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…
Read MoreAstorino 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…
Read MoreYONKERS—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…
Read MoreNEW 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.…
Read MoreGOSHEN—Although it tabled the vote untill Thursday, Sept. 17, all indications are that the Orange County Legislature will have voted to spend $250,00 to retain a law firm to possibly file suit challenging the Monroe Town Board’s earlier approval of a 164-acre annexation petition. The Orange County Legislature, after more than an hour in executive…
Read MoreWHITE 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…
Read MorePORT 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…
Read MoreWHITE PLAINS—A few months after it signed an agreement to acquire the troubled Westchester Pavilion mall here and redevelop the site into a major mixed-use complex, the Florida-based developer of the project appeared before the City of White Plains earlier this month for site plan approval. William Null, an attorney with White Plains-based law firm…
Read MoreSCARSDALE—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,…
Read MoreWHITE 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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