The Business Journals - Week of September 20

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AWARD WINNING EDITORIAL

I N CLU DI N G TH E H U DSO N VALLE Y WE E K LY S EC TIO N

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Rendering of 51 S. Broadway. Empty store fronts at 217-219 E. Post Road.

White Plains downtown retail on road to recovery BY BRIDGET MCCUSKER bmccusker@westfairinc.com

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central business district along key blocks of Mamaroneck Avenue, Main Street, Martine Avenue and East Post Road during this summer showed about 28 retail storefronts to be without tenants, and five or six more to be in the process of opening a new business in their respective spaces. The area has seen cycles of high vacancy or occupancy rates throughout the years, in addition to changing demographics of tenants. As Covid hit New York, not only were many businesses mandated to shut down, but many also saw changes to business and their customer bases even after lockdowns were lifted. White Plains is a large commuter center and businesses that once benefited from

RMS COMPANIES

Walking down Mamaroneck Avenue, residents, commuters and visitors might notice several changes to the retail landscape, especially if they haven’t visited the business district since the start of the Covid-19 pandemic. After a tough year and a half for the area’s downtown retailers, many businesses were lost for good, and all is not yet quite back to normal. The Business Journals’ review of the White Plains

westfaironline.com

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SEPTEMBER 20, 2021 VOL. 57, No. 38

populations such as commuters and students from local universities struggled to bounce back. “I think that White Plains is caught in the same web as Manhattan,” said Howard Greenberg, president of Howard Properties Ltd., which specializes in commercial real estate services in Westchester County. “For instance, you know, with people not » BOUNCING BACK

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Greenwich Economic Forum eyes expansion possibilities BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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he annual Greenwich Economic Forum, restricted last year to a virtual-only conference, is offering a hybrid model this year — with future expansion very much on its agenda. Bold-name speakers at

the Sept. 21 to 23 event, being held again at the Delamar Hotel in Greenwich, include Ray Dalio, founder of Westport-based Bridgewater Associates, the world’s largest hedge fund — who’s been a perennial presence since the GEF began four years ago — former U.S. Federal Reserve Chair Alan Greenspan, Revolution

Chairman and CEO Steve Case, and Gov. Ned Lamont and his wife, Annie, the co-founder and managing partner of Oak HC/FT, which focuses on growth equity and early-stage venture opportunities in health care and fintech. “We were very pleased” with how last year’s

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