Gary Drumheller, director of operations of Hudson ValleyCrossings LLC, says that the recently formed firm acquired the138-acre property in Orange County from Opus Corp. on April 14. Hedid not provide any further details on the sale except to say thatthe parcel was traded with all approvals in place for the newdevelopment.
Drumheller, who attended the Orange County Partnership's MVPBreakfast in New Windsor on Tuesday morning, told GlobeSt.com ithas not been determined as yet, if the project will be done inphases or all at one time. "Right now there is a lot of activity onthe project and we could build out all of the 1.2 million sf at onetime," he added. The total cost of the project is estimated atabout $50 million.
He says the tenant pipeline currently ranges from 600,000 sf tothe full 1.2 million sf, although he admits that discussions withtenants are in the "very preliminary stages."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
