Westchester County Business Journal 101716

Page 1

2 | CENTER MARKS MILESTONE OCTOBER 17, 2016 | VOL. 52, No. 42

4 | SPEEDY ENDEAVOR

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

Mercedes’ demands drive Goldens Bridge dealer to federal court BY BILL HELTZEL bheltzel@westfairinc.com

U

rant, a 4,500-square-foot restaurant and a 4,000-square-foot bank. The development replaces a previously approved 151,092-square-foot Costco and a members-only gas fueling station on the 19-acre parcel near the intersection of Crompond Road and Taconic State Parkway. The planning board approved the $60 million project in November

sed cars and shiny new Mercedes-Benzes crowd the slope below the showroom and cram every niche around the tight property of Estate Motors in Goldens Bridge. That is an image that the luxury brand wants to discourage, so Mercedes-Benz USA has notified Estate Motors that it will terminate the dealership agreement in November. That’s a “death penalty,” the dealership states in a lawsuit that accuses Mercedes of coercion and seeks to block the termination. The dispute goes to the heart of who controls an automobile dealership. Estate Motors was established in Mount Kisco in 1963 and moved to Goldens Bridge in 1970. The dealership’s customers include Mercedes drivers in both Westchester and Fairfield counties. It is positioned on Route 22 along Interstate 684, amidst the wealth of northern Westchester County, where it has served people like the late actor Fred Gwynne – Herman of “The Munsters” television show – Yankees Manager Joe Girardi, and other actors and athletes whose privacy the dealership owner doesn’t want to violate. Mary Higgins Clark, the author of suspense novels, has a heroine in one of her

» LOWE'S, page 6

» MERCEDES, page 6

LOFTY PURSUITS SEE PAGE 15

Jon Manierre and Ryan Doran in their newly opened coworking space named Koi on Mamaroneck Avenue in White Plains. Photo by Bob Rozycki.

Lowe’s to replace Costco in Yorktown proposal BY ALEESIA FORNI aforni@westfairinc.com

B

J’s Wholesale Club won’t need to worry about a threat of competition in Yorktown — at least for now. At what was expected to be the site of a new Costco Wholesale store on a vacant site at 3200 Crompond Road in

Yorktown, a developer now aims to build a Lowe’s home improvement center, two eateries and a bank. Yorktown JAZ LLC, a subsidiary of Garden City-based Breslin Realty Development Corp., presented its amended plan to the Yorktown planning board during a work session in September. The new proposal includes a 120,663-square-foot Lowe’s store, a 7,600-square-foot restau-

TRUSTCO Mortgage Sale! BANK No Application Fee Your Home Town Bank R

Visit www.TrustcoBank.com For More Details.

*No cash value. No Application Fee available for mortgage loans applied for before October 31, 2016. The value of the application fee for loans $15,000 to $550,000 is $299.00 and loans $550,050 to $1,250,000 is $349. Please Note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification. NMLS #474376

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.