“The struggle to create housing that is affordable for people across the entire spectrum of income will be the defining civic issue for this generation of leaders in the Hudson Valley,” Pattern CEO Adam Bosch said.
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
Elected officials, seeking to appease vocal constituents, frequently uphold restrictive zoning laws that favor single-family residences over more diverse housing options.
ELMSFORD—Westchester County’s Element 46 incubator program has a new home for its latest cohort of budding entrepreneurs at new workspace at Robert Martin Company’s headquarters building at 100 Clearbrook Drive in Elmsford.
Robert Martin announced earlier this month it is leasing to Westchester County 1,500 square feet of fully furnished, wi-fi equipped space for the duration of the six-month incubator program.
“We are grateful to Robert Martin Company for providing this beautiful new space for our incoming cohort. This is the kind of exciting environment that encourages collaboration and inspires innovative thinking,” said Westchester County Director of Economic Development Bridget Gibbons.
“We believe initiatives such as Element 46 are a critical pathway for continuing to reinvest in an already strong economy,” said Greg Berger, president of Robert Martin Company, addressing the 13 startups at the new workspace. “We look forward to the day when we can lease you larger space because your businesses have grown beyond your wildest dreams,” he added.
Berger said it was fitting that Robert Martin provide work space for entrepreneurial ventures, noting that the founders of the company—Robert Weinberg and Martin Berger—were entrepreneurs who turned a small homebuilding company into what is today the largest commercial real estate company in the County.
“Nurturing entrepreneurs is as much about the critical one-on-one interactions with experienced business owners and executives as it is about providing the infrastructure and tools to alleviate those initial challenges of launching a new venture,” stated Laurence Gottlieb, managing director of Robert Martin Company’s life sciences and health technologies initiative, RMC Bio1. “Mingling the cohort with our team will absolutely create new and exciting business opportunities for all of us.” Gottlieb will be RMC’s point person for Element 46.
The Element 46 incubator provides training, mentoring, free workspace and access to pro bono services from professionals, to enable startups to develop their businesses within a network of peers. Entrepreneurs are embedded in an existing start-up community within Westchester. Mentors assist the startups chosen for the program by offering their expertise, time and support. Mentors are hand-picked leaders with specializations in technology, finance, business strategy, venture capital, marketing or other thought leaders.
Boasting a vacancy rate in the low 4% and uninterrupted positive trends in rental rates, fundamentals for Westchester multifamily are strong.
Set on 40 acres with walking and exercise trails, Broadview at Purchase College offers a full continuum of services including Independent Living, Assisted Living, Enhanced Assisted Living, and Memory Care.
The new economic analysis revealed that film, television, and commercial production in 2023 supported 2,053 jobs and $198.2 million in wages in the county.
Brokers contend that companies will be attracted to Class A-type space, while properties rated at either B or C will have trouble attracting tenants.
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