Posted May 14, 2014, 6:42 PM
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Homo sapiens sapiens
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Join Date: May 2012
Location: 3rd planet from the Sun
Posts: 1,666
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SLEEPY HOLLOW, NY | GM site Redevelopment
This is on the east side of the Hudson River north of the Tappan Zee bridge!
The Real Deal:
Longtime Lehman partner buys old GM plant in $1B deal
SunCal to build 1,177-apartment complex in Westchester County, N.Y.
May 14, 2014 11:00AM
Mark Maurer
General Motors site in Sleepy Hollow, N.Y.
Quote:
California-based developer SunCal Companies, a longtime partner of the now-defunct investment bank Lehman Brothers, bought a former General Motors assembly plant in Westchester County and a vacant Oakland, Calif., naval hospital. Combined, the two sites are valued at $1 billion.
SunCal, in a joint venture with Diversified Realty Advisors, wants to convert the GM-owned parcel in Sleepy Hollow, N.Y., into a 1,177-apartment complex. The 170,000-square-foot commercial component would include offices, a hotel and retail space. The plant has sat empty for more than 15 years.
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