SOMERS, NY-A number of governmental groups has closed on the acquisition of the 654-acre Eagle River property here for $20.6 million. Westchester County, New York State, New York City, the Town of Somers and the Westchester Land Trust purchased the property.

The acquisition was announced last year, but closed this week, county officials note. Westchester County officials term the deal “one of the largest single open space acquisitions in Westchester County history.” The property will be renamed “Angle Fly Preserve.” The parcel, located along Primrose Street (Route 139) and Amawalk Road (Route 35) was sold by Eagle River LLP, which had proposed a 108-home subdivision on the property.

The county and the Town of Somers each contributed about $4 million toward the purchase of approximately 385 acres; the New York State Department of Environmental Conservation paid $3.2 million; and the New York City Department of Environmental Protection shelled out $9.4 million for the other 269 acres. The town will assume ownership of the 385-acre portion and will take over ownership responsibilities for two county roads–Croton Falls Road and Daisy Lane.

“The property is one of the largest remaining undeveloped parcels in Westchester and its location in the heart of the Croton watershed, which provides water to the New York City water supply system, underscores the importance of its preservation for protection of water quality and biodiversity,” says Westchester county executive Andy Spano. He adds that as part of the deal, Somers has agreed to adopt a plan to provide more affordable housing.

Westchester County legislator Mike Kaplowitz, who represents Somers and is chairman of the board’s Budget & Appropriations Committee says this is “a win against the war on sprawl and overdevelopment and a clear victory for residents’ quality of life. The purchase takes the development of a planned 108-home subdivision off the table.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.