Westchester County Business Journal

Page 1

WCBJ

WESTCHESTER COUNTY

BUSINESS JOURNAL

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

February 18, 2013 | VOL. 49, No. 7

INSIDE By SAm BARRON sbarron@westfairinc.com

W

hen Harrison Mayor Ron Belmont drives down the Platinum Mile, he sees once thriving office parks that now contain mass amounts of vacancies with some buildings shuttered entirely. As part of the town’s comprehensive master plan, Belmont is looking to change all that, while also revitalizing other parts of Harrison, including the downtown. The town last updated its comprehensive plan in 1988, though a comprehensive plan was in draft form in 2008. A comprehensive plan is a long-range set of objectives and goals for the town, setting the stage for potential zoning changes and helping to dictate capital budgets. Towns generally update comprehensive plans about every 10 years. The plan is being developed by Manhattanbased firm Buckhurst Fish & Jacquemart Inc. (BFJ). Belmont took office in January 2012 and made a new comprehensive plan a top priority. The town recently held a public hearing in January and the town board is working on responding to the comments. The town

READY TO RISE IN OSSINING • 2

THE VACANT MILE

‘TRAILBLAZER’ HONORED • 15

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Vacant, page 6

First and last man standing: SFC will build in Yonkers By JOHN GOLDEN jgolden@westfairinc.com

Seven years, one Great recession and $30 million later, the master development team that was to rebuild and revitalize downtown Yonkers is down to its last partner. A mayoral administration that was not in office when the city formed its public-private partnership with master developer Struever Fidelco Cappelli L.L.C. and four years ago hammered out a detailed agreement on how and when SFC’s phased projects would unfold negotiates with the developer on downtown plans while claiming time has expired on SFC’s

deal with the city to build Palisades Point, a luxury residential complex on the Hudson riverfront. Yet the first and last man standing at SFC said all projects the partners committed to will be built, though modified in light of a postrecession economy and as requested by Mayor Mike Spano’s administration. “I was the first person in,” said Marc E. Berson, founding chairman of the Fidelco Realty Group in Millburn, N.J., who in January filed documents in Albany for a reorganized and renamed SFC Yonkers L.L.C. “This has been a long trail.” SFC, page 6

HITTING IS HIS BUSINESS • 27


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