(Read more on the multifamily market.)
NEW CASTLE, NY-The owner of the Reader's Digest property herehas officially submitted a revised development plan for itsChappaqua Crossing project after being rebuffed late last year on alarger mixed-use proposal. Geoff Thompson, a spokesman for thedevelopers, says the project is seeking approval on two separateapplications at the same time.
One application calls for the New Castle Town Board to rezoneapproximately 65 acres to permit multihousing development. Anotherproposal is before the town's Zoning Board of Appeals to remove themunicipal regulation that restricts the owners to signing threetenants to a maximum total of 171,000 sf of available office spaceat the Reader's Digest main building, which includes common areasin the building.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
