The approval moves the $45-million venture closer to breakingground. Although the schedule is based on preleasing, BillEichengrun, managing partner of 9 Corporate Drive PeekskillDevelopment, projects the initial phase of the development will beready for occupancy by the summer of 2008. Eichengrun says thatsite work on the project will likely begin by September orOctober.

The Cortland Manor-based firm is awaiting approval from the NewYork State Department of Environmental Conservation on a plan tocap the former municipal landfill, which was closed in 1974.

"The site plan approval is an important milestone in making theHudson View a reality," says Eichengrun. "This project is a classicexample of how public and private enterprises can work together toachieve something significant. The City of Peekskill needed help inre-engineering its landfill and we needed their support to make itfinancially feasible. In years to come, other municipalities willuse this project as a case study on how to do things right."