Westchester County Business Journal: 100719

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PRINT JOURNALISM: BECAUSE IT STILL MATTERS. OCTOBER 7, 2019 VOL. 55, No. 40

westfaironline.com

LCOR’s rendering of a possible development at the Freightway site was shown in an expression of interest submission to Scarsdale’s planners.

A new vision for Scarsdale?

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FOREVER 21 BANKRUPT

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REAL ESTATE VETERAN

DEVELOPER SELECTION FOR FREIGHTWAY SITE DRAWS NEAR BY PETER KATZ pkatz@westfairinc.com

“T

he respondents are well-known developers in Westchester,” Ingrid Richards, assistant village manager in Scarsdale, told the Business Journal regarding the responses received to the village’s request for proposals (RFP) looking for a preferred developer or devel-

It consists of nine parcels opment team for the vilwithin the Scarsdale borlage-owned Freightway site. der covering approximately The deadline for responses 2.43 acres and an additionwas Sept. 16. al one-tenth of an acre in The Freightway site is the town of Eastchester. about as prime a parcel of In addition, Scarsdale has downtown real estate as expressed its willingness can be found in Scarsdale, Soon or redevelop a to include just south TWB of theOssining Metro- Coming 0.51-acre parcel currently North trainBanner stationAdand 6” w x 1.5” h configured for parking on generally bordered on the 9-23-19, Scarsdale Avenue as well as west by Garth Road,r1 the 0.84 acres of air rights over north by Popham Road and the Metro-North tracks. the east by the train tracks along Scarsdale Avenue. » » SCARSDALE 18

HUDSON HILL SCOOPS UP ‘UNDERAPPRECIATED PROPERTIES’ BY PETER KATZ pkatz@westfairinc.com

HUDSON HILL PARTNERS, A WHITE PLAINS-BASED REAL ESTATE investment manage-

ment firm, has built up its portfolio to 10 Westchester properties with the acquisition of five properties over the summer at a combined cost of $4.6 million. It now has small apartment buildings and a vacant red brick warehouse built in 1907, which is due to be converted into apartments, in New

Daniel Alvarez

COMING SOON to OSSINING

Caroline Ioimo

Rochelle, Mamaroneck, Rye Brook, Ossining, Sleepy Hollow, Tarrytown and Hastings-on-Hudson. “We approach these transactions in a very similar way as I would have done for a $300 million new-build tower in Milan that I worked on,” Dan Bsharat, the company’s managing director, told the Business Journal. “We complete our underwriting and do our due diligence in a very systematic way. This

John Tolomer

240 S. HIGHLAND AVE. TheWestchesterBank.com

» » HUDSON HILL

Victoria Penta

Marlen Messina

914-502-4421

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