News

St. Thomas Aquinas Pays $7 Million to Expand Campus Footprint

March 24, 2021

SPARKILL—St. Thomas Aquinas College has acquired the 12-acre Camp Venture property here for $7 million, which increases its campus footprint by 20%. The college’s campus now has been expanded to 72 acres. The deal includes the 12-acres adjoining the St. Thomas Aquinas campus and a 100,000-square-foot building at 230 Route 340. The deal initially involves…

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NAR Warns of Possible Slowdown Due To Low Inventory, Rising Interest Rates

March 23, 2021

WASHINGTON—Existing-home sales declined in February, following two prior months of gains, reported the National Association of Realtors on March 22. Month-over-month, only one major region saw an increase in February, but all four U.S. regions recorded year-over-year gains. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.6% from January…

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Edge-on-Hudson Earns National NAHB Awards

March 19, 2021

SLEEPY HOLLOW—The Edge-on-Hudson, a mixed-use, transit-oriented community under development in Sleepy Hollow was honored in March with the Gold Award for 2021 MultiFamily Community of the Year at the National Association of Home Builder’s The Nationals awards program. Additionally, Edge-on-Hudson earned Gold Awards for Best Video and Best MultiFamily Model Home for The Carroll by…

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NAR: Millennials Dominate Home Buying Market, Generation Z Now Active Buyers as Well

March 17, 2021

WASHINGTON—The popularity of multigenerational homes increased over the last year, as a rising number of homebuyers purchased larger residences compared to prior years, including millennials who continue to make up the largest share of homebuyers at 37%, the National Association of Realtors reported on March 16. The finding is one of a number of trends…

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Economic Development Officials Confident Regional Economy Will Improve in 2021

March 16, 2021

WHITE PLAINS— A panel of economic development officials from throughout the Hudson Gateway Association of Realtors’ market area are generally upbeat about their respective markets, all reporting that they expect targeted industries to bring new investment to their markets to reduce inflated unemployment rates post pandemic. With COVID-19 vaccine inoculations continuing, they also believe that…

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Grand Lux Realty Relocates Headquarters to Chappaqua

March 15, 2021

CHAPPAQUA—Grand Lux Realty announced on March 12 that it had opened its new office in Chappaqua at 101 King St. “We established our Armonk office back in 2006,” said Michael Levy, founder and principal broker, Grand Lux Realty. “This move is bittersweet, but we are not saying goodbye to Armonk or our long-time clients. While…

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Hudson Valley Lost More Than 76,000 Jobs in 2020

March 12, 2021

ALBANY—The employment numbers for 2020 released by the New York State Department of Labor for the Hudson Valley region on March 11 were not surprising in the least, with leisure and hospitality leading the way with job losses during the 12-month period, exacerbated by the coronavirus pandemic, that exceeded 22,000 jobs. However, job numbers released…

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Storied Anthony’s Pier 9 to be Sold; To Be Converted into Movie Studio

March 10, 2021

NEW WINDSOR—Orange County’s premier wedding, catering and event venue Anthony’s Pier 9 in New Windsor is in contract to be sold to an entity that plans to convert the 70,000-square-foot facility into a motion picture production studio. The pending sale with the unidentified buyer was announced by The Bonura Hospitality Group, which stated it expects…

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Governor Cuomo Signs Bill Establishing Eviction Protections for Small Businesses

March 10, 2021

ALBANY—Governor Andrew M. Cuomo on March 9 signed the COVID-19 Emergency Protect Our Small Businesses Act of 2021 that establishes eviction and foreclosure protections for small businesses until at least May 1m 2021. The new protections build-off of the governor's Executive Order and commercial eviction and foreclosure moratorium that has protected businesses in New York…

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Reimagining ‘Big Box’ Retail in the Hudson Valley

March 8, 2021

Back in the days before COVID, when large parties, corporate events, weddings and galas were in vogue, there was always one place to go where you knew you’d find the perfect outfit. But, after almost 200 years in business, Lord & Taylor is shuttering all of its 38 retail locations throughout the country. In our…

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Orange County Legislature Replaces Entire IDA Board Over Transparency Complaints

March 5, 2021

GOSHEN—The Orange County Legislature, frustrated over attempts to secure financial documents from the Orange County Industrial Development Agency, voted to remove the entire seven-member IDA Board of Directors on Thursday evening after a two-hour-long executive session. Orange County legislators cited what they termed had been the lack of transparency by the Orange County Industrial Development…

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Construction Begins on 130,000 SF Target Store at Cross County Center

March 5, 2021

YONKERS—State and city officials gathered on March 4 to officially turn the first dirt on the development of a new 130,000-square-foot Target store at the Cross County Center in Yonkers. Target recently signed a 40-year retail lease at the storied shopping center. It will occupy space at what was once home to a four-story Sears…

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Developer Breaks Ground on $33-Million Apartment Project in Yonkers

February 26, 2021

YONKERS—Yonkers Mayor Mike Spano and other city officials joined with executives of Regency Apartment Ventures LLC on Feb. 25 to celebrate the groundbreaking of Regency on the Hudson, a seven-story 126-unit residential building at 56 Prospect St. here. The development will feature 13 units that will be designated as affordable under the city’s Affordable Housing…

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