Greenwich Firms Proposes $150M in Projects in Westchester

Features of the project will be the development of a quarter-mile Hudson Riverwalk Promenade for public use and the construction of an aquatic/recreation center that will include a 25-meter pool and fitness room. The project would also include the demolition of the current Peckham Industries asphalt plant that is under lease. Cotter notes a new asphalt plant would be built at another section of the property under a new long-term lease deal with Peckham.

Cotter, who estimates the project will cost in excess of $100 million to develop and take three to five years to complete, says Ferry Landings will also include the renovation or modernization of some existing buildings on the property, including the former Penske Building.

"We are currently in the site plan approval process with the Village of Tarrytown Planning Board," he says. The firm hopes to submit its Draft Environmental Impact Statement to the board within the next several weeks, he adds.

Cotter notes that the project is part of an overall plan by the village to extend Main St. past the west side of the Tarrytown train station. In fact, separate from the Ferry Landings proposal, the village is looking to build a 22,000-sf Village Hall that would also include a police station and court facilities across the street from the development.

If all goes according to plan, the company hopes to receive all the necessary approvals within the next six months. Cotter says that the project could break ground in the spring of 2004.

In addition to the project in Tarrytown, Cotter heads a firm that plans to build a $50 million commercial project in downtown Yonkers. Cotter, who is also president of i.park Hudson LLC, the owner of the i.park on Hudson industrial complex in Yonkers, said that his firm has filed conceptual plans with the City of Yonkers Office of Economic Development and the city's Planning Department to build a new 150,000-sf building and a 1,000-car parking garage at i.park.

Cotter, who is also president of National RE/sources of Greenwich, CT., notes that i.park Hudson, intends to submit plans in the next few months to the city to begin the site plan approval process for the new development that is located across from the Yonkers train station.