Lighthouse Landing Future Of Waterfront Sleepy Hollow

Lighthouse Landing Future Of Waterfront Sleepy Hollow

Lighthouse Landing is the name that has been adopted to the redevelopment of the former GM Plant.  GM closed its plant in 1996.  In 2002 GM had joined with Roseland developers of New Jersey to propose this use of this 96 acre plot. They withdrew from the project in 2007.  Stein, who came from the Roseland Property Co formed Diversified Realty Advisors LLC and in conjunction with Sun Cal  paid $39.5 million to GM to develop this site December 2014.

According to the March issue of our HGAR (Hudson Gateway Association of Realtors) publication, this project is set to break ground in 2016.

The waterfront project is slated to be a multi-use development. 28 acres will be donated to the Village of Sleepy Hollow who will relocate their Department of Public Works.  17 acres of the property will be reserved as “open space” and will incorporate a public parkland similar to those in other river towns. This would be a great place to view fireworks over the river for 4th of July!

In terms of residential development, the article said that it will break down to 60% sales and 40% rentals including 221 townhomes, 450 apartment rentals and 550 condos. 61 will be designated as affordable housing, 40 as senior units and 21 as workforce housing units. The balance will be sold/rented to the public.  They have also slated 3 shuttles to and from Metro North Tarrytown from Lighthouse Landing.

All environmental remediation of toxins has been completed, so they anticipate being able to break ground on this project in 2016.  So, it may be a while until you can move into your new waterfront property, but we can certainly watch as the skyline of the Hudson River in Sleepy Hollow develops.

If you are looking for properties or want further information on Sleepy Hollow or any of the other river towns, don’t hesitate to call/text me at 914-494-0141 or email me at [email protected]

Thomas Ricapito Headshot
Phone: 914-804-3048
Dated: April 9th 2015
Views: 5,366
About Thomas: I got into real estate sales by accident in 2006. At the time, I recently earned a Bachelor's Degre...

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