Westchester County Business Journal 100217

Page 1

3 | IBM SETTLES OCTOBER 2, 2017 | VOL. 53, No. 40

10 | MILLIONS FOR KINGSTON

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

Starwood Capital bails out of Port Chester development BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

S A 200-year-old secret

PAGE 2

New York School for the Deaf Superintendent Bradley Porche speaks in sign language in a Business Journal interview. Photo by Bob Rozycki.

Stalking a giant in a crowded field BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

I

n a competition among urban giants for a business giant, could Westchester be a contender? Can it win? Calling it the "Super Bowl," Westchester County Executive Robert P. Astorino recently announced that the county will submit a bid for Seattle-based Amazon's second headquarters. The announcement came with plen-

TWB Loan Decision Top 5 Banner Ad 6”front w x 1.5” ty of marketing flair. Standing in of h ples that we have set, that Westchester is 7-31-17, 11am the smartest choice for Amazon.” the Westchester County Center in White But the county is sure to face stiff comPlains, Astorino delivered remarks pulled petition from across the country and even from an "Amazon Westchester" cardboard the continent, as Canadian cities such as package dropped in by drone seconds earToronto and Montreal are expected to be lier. The county center's large LED boards in the mix. behind the county executive were lit with Amazon published a request for proreasons why Amazon should consider posals earlier this month for municipaliWestchester for its $5 billion headquarters. ties interested in hosting the company’s "We have all the right matchups: talent, second North American headquarters, accessibility, quality of life, value and locadubbed Amazon HQ2. The company said tion,” Astorino said. “And we believe with the strengths that we have and the exam» AMAZON, page 6

ix months after the company received a necessary zoning change for a $450 million mixed-use development in Port Chester, Starwood Capital Group has informed the village it will sell the former United Hospital property pegged for the project. "Last week Starwood called the mayor and me,” Port Chester Trustee and Industrial Development Agency Chairman Frank Ferrara announced at the Sept. 18 village board of trustees meeting. “They wanted to inform us that they have decided to go ahead and sell the parcel. They’re engaging a broker now." Greenwich-based Starwood had proposed to turn the 15-acre site at 406 Boston Post Road into a neighborhood with a mix of residential, commercial and office uses. Plans included a 135-room hotel, 217,000 square feet of medical office space, 90,000 square feet for retail and small restaurants, 500 residential units targeting young professionals, 230 age-restricted apartments for people 55 and over and about an acre of open public space. While village trustees approved a zoning change for the property in March, Starwood had yet to file a site plan for the development. When the project was brought up during last month’s board meeting, Ferrara announced the company's plans to sell. "They are looking for someone that will proceed with their vision of the property

A TOP 5 COMMERCIAL LENDER IN NATION

For Community Banks with Assets of $500 Million+

» STARWOOD, page 6

(914) 337-1900

TheWestchesterBank.com Member FDIC. Equal Housing Lender.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Westchester County Business Journal 100217 by Westfair Business Journal - Issuu