Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
RYE BROOK—As New York State prepares to begin reopening its economy in the wake of the COVID-19 pandemic, the newly formed Business Council of Westchester’s Economic Recovery Task Force is forging ahead with developing a comprehensive plan to provide specific recovery measures and recommendations keyed to assisting Westchester’s diverse business and not-for-profit sectors.
The Task Force, comprised of more than 40 leaders from a broad spectrum of economic sectors across Westchester, met on May 5 to begin development of a strategic plan for providing coordinated assistance to businesses as the county’s economy reemerges from the unprecedented pandemic. An important initial step will be the convening of a virtual Town Hall meeting for all BCW members to solicit their ideas and gain direct input, the Business Council of Westchester stated.
HGAR Chief Executive Officer Richard Haggerty
The real estate industry is well represented on the task force and includes Hudson Gateway Association of Realtors Chief Executive Officer Richard Haggerty, Joseph Apicella of Macquesten Development, Bill Balter of Wilder Balter Partners, Greg Berger of Robert Martin Company, Peter Chavkin of Lighthouse Landing Communities, Neil DeLuca of Fareri Associates, John Fareri of Fareri Associates, Tim Foley of the Builders Institute of Westchester, David Garten of RXR, Martin Ginsburg of Ginsburg Development, Larry Gottlieb of Robert Martin Company, Tim Jones of Robert Martin Company, Jeff Nelson of RXR, Kevin Plunkett of Simone Development Companies, Joseph Simone of Simone Development Companies, Jim Surdoval of Ginsburg Development and Budd Wiesenberg of CBRE.
“As we emerge from this crisis it is critically important that we have the strategies and plans in place that will let us hit the ground running,’’ said BCW President and CEO Marsha Gordon. “We will work in cooperation and coordination with Governor Andrew Cuomo and Westchester County Executive George Latimer to provide them with specific recommendations based on the suggestions that emerge from our key business sectors.”
She added: “We are confident that the impressive group of leaders we have brought together can and will provide the wisdom, insight and creative thinking to enable the creation of constructive and practical plans for moving forward. Clearly, a measured and thoughtful reopening of our economy is crucial to every resident of our county and state and the Business Council of Westchester is fully committed to helping make this happen.”
At the state level, Governor Cuomo has formed the New York Forward Re-Opening Advisory Board which includes members of the BCW as the state pursues a phased plan to re-open New York on a regional basis. County Executive Latimer is leading the county government’s response, and Westchester Director of Economic Development Bridget Gibbons is a member of the BCW Task Force.
The BCW’s Task Force emerged from its Coalition for Smart Growth in Westchester, which includes the leading real estate development companies working in the county. The Task Force began with a core group of members from that group that has quickly been augmented with representatives from key economic sectors including retail, hospitality, healthcare, biotech, technology, higher education, arts & entertainment, professional services, recreation, finance, insurance, title insurance, transportation, not-for-profit and government.
BCW Westchester Economic Development Task Force Members
Joseph Apicella, Macquesten Development – Real Estate*
Luiz Aragon, City of New Rochelle – Government
Bill Balter, Wilder Balter Partners – Real Estate*
New York continues to be the nation’s financial capital with more than twice as many securities industry jobs as its closest competitor California (102,100) in 2023.
To achieve Climate Smart Community certification, local governments accumulate points for planning and implementing actions that reduce greenhouse gas emissions and improve community resilience in the face of worsening impacts of climate change.
Lowe’s and Sam’s Club are situated within the larger Hudson Valley Plaza, a 673,000-square-foot regional power center, anchored by complementary retailers such as Walmart and PetSmart, among others.
The scoreboard for the Mid-Hudson region is that a total of 39 municipalities have submitted letters of intent and 19 others have been certified as a “Pro-Housing Community.”
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