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Developer named for GM’s Sleepy Hollow site
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January 20, 2014 | VOL. 50, No. 3
GILLIBRAND IN PURCHASE • 4
BY JOHN GOLDEN jgolden@westfairinc.com
BEHIND EVERY GREAT MAN CAVE • 13
WINNERS CIRCLE • 27
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subsidiary of the Hudson Gateway Association of Realtors Inc., said a total of 13,761 residential sales were closed in 2013 in Westchester, Orange, Putnam and Rockland counties. Orange saw the largest increase in sales at 23 percent, with Westchester, Putnam and Rockland seeing 21 percent, 17 percent and 14 percent increases, respectively.
village official in Sleepy Hollow said construction of a major mixed-use development on the long-vacant former automotive assembly plant site of General Motors Co. could start in 2015, and possibly by the end of this year, after GM’s recent selection of a developer for the Hudson waterfront project. The long-stalled development, Lighthouse Landing, includes 1,177 residential units, 35,000 square feet of office space, 135,000 square feet of retail, cinema and restaurant space and a 140-room hotel. Though no updated figure was available, the project cost was previously estimated at $800 million. Sleepy Hollow Mayor Kenneth G. Wray recently announced the Detroit automaker has chosen a partnership of Diversified Realty Advisors L.L.C., based in Summit, N.J., and SunCal, the nation’s largest privately held developer of master-planned communities. Headquartered in Irvine, Calif., SunCal also has an office in Manhattan. The nearly 100-acre GM property off Beekman Avenue was vacated by the automaker in 1996. The redevelopment project, first proposed by GM in 2003, has been delayed for several years by lawsuits brought against Sleepy Hollow by GM challenging village officials’ decision to reduce the scale of the project and by Sleepy Hollow’s neighboring municipality, the village of Tarrytown, where officials are concerned about the development’s
House sales, page 6
Developer, page 6
Birth of a business | page 2 From left, Northeast Doulas co-owners Debbie Aglietti, Lauren Schwarzfeld and Randy Patterson
Lower Hudson house sales up 20 percent Market continues to rebound, report says
BY marK LUNGariELLO mlungariello@westfairinc.com
in WhaT Was The besT year for residential real estate since 2007, home sales in the lower Hudson Valley region increased 20 percent from 2012 to 2013, according to a new report. Hudson Gateway Multiple Listing Service, a
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