Developer To Build 202-Unit Rental Building At Rivertowns Square, Mixed-Use Project In Dobbs Ferry
Dallas-based Lincoln Property Company has paid $9.6 million for a lease to build the residential portion of Rivertowns Square, a mixed-use development located off the Saw Mill River Parkway, in Westchester’s Dobbs Ferry. According to Westfair, a 202-unit, 277,000 square-foot rental building is planned on Danforth Avenue. Dobbs Ferry Capital Partners and Saber Real Estate Advisors are developing the overall project, which will include an 138-key hotel on Livingstone Avenue, and 112,000 square feet of commercial space, which is now 80% leased. An office campus has already been demolished to make way for the new construction, and opening of the first commercial building is expected next summer.