NAR: ‘A Sales Recovery Did Not Occur in Midsummer;’ U.S. Pending Sales in July Were the Lowest on Record
The Northeast PHSI waned 1.4% from last month to 64.6, an increase of 2.4% from July 2023.
SLEEPY HOLLOW— Construction on a new 30,000-square-foot DeCicco & Sons market at the Edge-on-Hudson in Sleepy Hollow is set to begin later this year.
The Village of Sleepy Hollow Planning Board recently approved plans for the market, which will include a second story glass-enclosed beer and wine café, oriented towards the Hudson River.
An adjacent 10,000 square foot retail space also secured municipal approvals, of which 5,000 square feet is earmarked for a pharmacy. With residential sales moving quickly, and apartment rentals also set to come online in the coming months, the development team at Edge-on-Hudson has set its sights on identifying new retail partners, the developer stated.
DeCicco & Sons market and the adjacent building are the first retail structures approved. The developers at Edge-on-Hudson report they have begun initial talks with potential hoteliers and additional retailers.
The design of the new DeCicco & Sons market at Edge-on-Hudson features g a brick exterior, a standing seam metal roof, glass and steel cupolas, steel lintels and clearstory windows. The multi-level market includes a mezzanine level beer and wine café and a top-level food court, both reached by a steel and glass enclosed elevator, or from an exterior staircase.
The master developers of Edge-on-Hudson, Biddle Real Estate Ventures and PCD Development, worked with leasing agent David Scotto at RM Friedland to secure the DeCicco & Son’s signing and to evaluate upcoming retail opportunities. In addition to townhomes, loft condominiums and apartments, the approved special permit for Edge-on-Hudson delineates as much as 135,000 square feet of retail space, 35,000 square feet of office space and a 140-room hotel on the waterfront. The hotel will be a first for Sleepy Hollow, and one of the only hotels along the Eastern shore of the Hudson River in proximity to New York City.
BREV founder Peter Chavkin, said, “We couldn’t have found a better partner than DeCicco & Sons to bring the first retail amenity to Edge-on-Hudson. In addition to running superb market operations, they have proved to be hands-on, caring corporate citizens within the communities they serve.”
John DeCicco Jr., CEO, DeCicco & Sons, said, “We’re grateful to have received approval for construction of what we feel will be one of our finest markets to date in Westchester County. Sleepy Hollow and the new Edge-on-Hudson mixed-use community along the waterfront make for a compelling location and we’re excited to be a part of all that’s happening in the Village.”
The DeCicco & Sons market will utilize a range of cutting-edge “green” initiatives in its construction and operation. Set to be built to LEED certification standards, construction will include reclaimed brick and timber to promote sustainability and recycling, while utilizing green roof technology. Market operations will include a CO2-based natural refrigeration system, a non-ozone depleting technology that DeCicco & Sons was the first to bring to Westchester County. Heat expelled from the refrigeration system will be recycled for use as radiant heat for the market in cold weather months—also a first in Westchester. Heat will be recycled, as well, from the demand-based cooking systems.
DeCicco & Sons is targeting a 2022 opening at Edge-on-Hudson, with the market set to become DeCicco’s 11th in Westchester. The family-owned business currently operates premium markets in Ardsley, Armonk, Harrison, Larchmont, Millwood, Pelham, Somers and Brewster,
Edge-on-Hudson is a mixed-use, transit-oriented community set on nearly 70 acres along the Hudson River waterfront in Sleepy Hollow, NY at the former General Motors minivan assembly plant. Edge-on-Hudson is set to include 1,177 units of housing; a 140-room boutique hotel; 135,000 square feet of retail space and 35,000 square feet of office space, in addition to more than 16 acres of parkland, restoring access to the waterfront in Sleepy Hollow.
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