Westchester County Business Journal 012119

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JANUARY 21, 2019 VOL. 55, No. 3

westfaironline.com

Left photo: Rendering of a plaza and research building at North 60. Right photo: Rendering of the proposed North 60 entry plaza showing the hotel on the right.

INSIDE

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INVESTING IN WESTCHESTER

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MARKET OVERVIEW

Lease signed for $1.2B North 60 project in Valhalla

URGENT CARE CENTERS OPEN WITH GREATER URGENCY

BIOTECH, MEDICAL TECHNOLOGY, RETAIL PLANNED AS LATIMER, FARERI SIGN DOCUMENTS

pkatz@westfairinc.com

BY PETER KATZ pkatz@westfairinc.com

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estchester County Executive George Latimer and developer John Fareri signed a 99-year lease on Jan. 10 for 60 acres of county land at the Grasslands Reservation in Valhalla where Fareri intends to develop a $1.2 billion biotech project known

informally as North 60. The signing for the Westchester Bioscience and Technology Center development took place in front of about 200 people attending the Westchester County Association (WCA) breakfast at the Marriott in Tarrytown. Immediately after he and Fareri signed the documents, Latimer walked over to the microphone and announced, “Just

to show we’re not kidding around, I want our County Attorney John Nonna to come up here, take these papers, notarize them and file them.” Nonna then left his table, walked forward and took the sets of lease documents from Latimer. In addition to the 60 acres of county-owned land, Fareri Associates will use the 20 acres of adjacent land it » NORTH 60

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BY PETER KATZ IF WHAT HAS HAPPENED IN Massachusetts also is happening in Westchester and Fairfield counties, and there’s every indication it is, there can be no doubt that we’re experiencing a growing health care revolution. A report by the Massachusetts Health Policy Commission says that since 2010, the number of urgent care centers in that state has increased more than 700 percent, from only 18 at the beginning of the decade to 145 in 2018. The

Anthony Viceroy

Massachusetts report says that the trend has resulted in enormous cost savings, with the average cost of visiting an urgent care center coming in at $149 with a patient » URGENT CARE

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