DOBBS FERRY, NY—The developer of the $130-million mixed-useRivertowns Square project off the Saw Mill RiverParkway here has secured $42 million in construction financing fromM&T Bank.
In conjunction with the financing deal, developer SaberDobbs Ferry reports that it will stage an officialgroundbreaking ceremony for the mixed-use project on Oct. 6. SaberDobbs Ferry is a partnership between Saber D.F.,an affiliate of Saber Real Estate Advisors andDobbs Ferry Capital Partners, an affiliate ofChauncey Station Partners.
In late May, Sabre Real Estate Advisors reported it hadcompleted demolition and commenced construction on the project.However, a company spokesperson said since then there was a lull inconstruction, but work will now pick up now that the constructionfinancing deal has been finalized and that a new hotel operator isabout to be named.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
