Back in 2014, Diversified Realty Advisors and California-based SunCal closed on the purchase, for $39.5 million, of the 70-acre former General Motors factory site in Sleepy Hollow, located just north of the Tappan Zee Bridge in Westchester County. Now, the developers have held a groundbreaking ceremony for their mixed-use mega-development called Edge-on-Hudson, Westfair reports. The project will include 1,177 residential units (a mix of condos, townhouses, and rentals), a 140-key boutique hotel, 135,000 square feet of retail and restaurant space, and 30,000 square feet of office space. Some of the units will rent at below-market rates to seniors and lower-income families. Sixteen acres will be made into parkland and a riverfront promenade.
The first phase of construction, to be completed by the fall, includes removing below-grade factory elements (the above-grade structures have already been razed) and installing water, sewer, and electrical lines. Actual construction is expected to commence in 2017. The project will be built in four to five phases and will take up to 10 years to be built, although parts will open much sooner than that. Hart Howerton is the master planner and architect.
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