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“Homebuying momentum is building after nearly two years of suppressed home sales,” said NAR Chief Economist Lawrence Yun.
SLEEPY HOLLOW—The Edge-on-Hudson, a mixed-use, transit-oriented community under development in Sleepy Hollow was honored in March with the Gold Award for 2021 MultiFamily Community of the Year at the National Association of Home Builder’s The Nationals awards program.
Additionally, Edge-on-Hudson earned Gold Awards for Best Video and Best MultiFamily Model Home for The Carroll by Toll Brothers, the nation’s leading luxury homebuilder. Edge-on-Hudson was selected from among nearly 1,000 entries at The Nationals, sponsored annually by the National Association of Home Builders. The award winners were announced on March 5.
Edge-on-Hudson is the new transit-oriented destination transforming the Hudson River’s edge. Construction began in 2016 on the former General Motors’ minivan assembly plant site. The development spans the nearly 70-acre site and is 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.
Jonathan Stein, founder of PCD Development, said, “We’re honored to receive the 2021 Gold Award from NAHB for ‘Community of the Year.’ We’re confident that Edge-on-Hudson will continue to drive economic growth and create community assets available to residents and visitors alike.”
“It has been very exciting to see the strong response from home buyers for our brownstones and lofts collections at Edge-on-Hudson, and for our model home in the community to earn this top national recognition,” said James Fitzpatrick, division president for Toll Brothers. “Our luxury townhomes and condominiums are selling quickly within Edge-on-Hudson, and it’s a testament to the incredible lifestyle offered to home buyers along the Hudson River waterfront that is more appealing than ever.”
Jim Tinson, CEO/partner, Hart Howerton, added, “I think of Edge-on-Hudson as a gateway to the Hudson Valley, linking New York City to the south and the Palisades to the north. The architecture of the homes and apartments, as well as the landscape and streetscape, captures the contrast of an urban and natural setting.”
Edge-on-Hudson, led by Master Developers Biddle Real Estate Ventures and PCD Development, LLC, has assembled a world class team to execute its vision for the largest undeveloped waterfront site along the Hudson River in the New York metro-area. Home and apartment builders at Edge-on-Hudson include Toll Brothers, Toll Brothers Apartment Living, and Hines. Hart Howerton leads master plan architecture, and Nelson Byrd Woltz is providing landscape design. Additional planning and engineering services are provided by Divney Tung Schwalbe, with legal services from DelBello Donnellan Weingarten Wise & Wiederkehr LLP.
Recent project milestones have included construction of apartments from Hines and Toll Brothers Apartment Living, the first retail signing at the development (DeCicco & Sons Market) and the start of construction of the Sleepy Hollow RiverWalk, set to open as soon as the fall of 2021. During the past year, the first residents moved into townhomes by Toll Brothers at Edge-on-Hudson, as the initial completed Brownstones collection townhomes and the first Lofts condominium building fully sold-out. Now, new townhome, loft condominium and apartment rentals at Edge-on-Hudson are set to come to market later this year.
“Homebuying momentum is building after nearly two years of suppressed home sales,” said NAR Chief Economist Lawrence Yun.
Most of the counties in the HGAR market area are considered “high-cost areas” by the FHFA.
NAR officials noted yesterday that the court heard from all parties as well as objectors and the Department of Justice. Once arguments concluded, the court quickly ruled to grant final approval.
Outdoor space was especially important to movers to the Midwest, while movers to the Northeast were particularly driven by the need for more square footage and a better work commute.
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