Westchester Hv 5 21

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WCBJ

WESTCHESTER COUNTY

BUSINESS JOURNAL

YOUR only SOURCE FOR regional BUSINESS NEWS | westfaironline.com

May 21, 2012 | VOL. 48, No. 21

New prospects for Grasslands campus BY PATRICK GALLAGHER pgallagher@westfairinc.com

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fter multiple failed attempts at developing the 60-acre, county-owned parcel adjacent to the Westchester Medical Center, county officials are optimistic that renewed efforts to develop a biomedical campus will prove successful. Two private developers submitted detailed responses to the county’s March call for proposals to develop the “North 60” site that forms the northern section of the 512-acre Grasslands Reservation in the town of Mount Pleasant, county officials disclosed last week. The county for decades has sought to develop the site. In March it issued a request for qualifications seeking private developers to construct a medical and biotechnology complex that would complement the medical center and New York Medical College on the Grasslands property. “There is no reason why the North 60 can’t be the

An artist’s rendering of a proposed educational and conference center by Fareri Associates L.P..

Grasslands, page 6

First Niagara comes to Westchester and the Hudson Valley BY PATRICK GALLAGHER pgallagher@westfairinc.com

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en months after First Niagara Bank announced a $1 billion acquisition of nearly 200 HSBC Bank USA branches in New York and Connecticut, the conversion is complete. Beginning May 21, First Niagara, the banking subsidiary of First Niagara Financial Group Inc., will have a drasti-

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cally expanded presence in the Hudson Valley. Before the acquisition First Niagara had one Hudson Valley branch, in Dutchess County. Now it has 25 more offices in the region: five in Westchester, five more in Dutchess, three in Orange, one in Putnam, nine in Rockland, and one each in Sullivan and Ulster. The acquisition involved 195 branch-

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IDA Report Card: Pass or fail? • 2

showhouse time • 11

betting on patents • 13


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