Category Archives: News & Press

This Westchester County site is being bought by SunCal and Diversified Realty Advisors LLC. Jones Lang LaSalle

A California developer that was a partner with Lehman Brothers Holding Inc. in several money-losing real estate deals has emerged as a key player in Westchester County’s long-delayed plan to develop a massive mixed-use project on the site of a former General Motors assembly plant.

A venture of SunCal, which is rebounding after wrestling for years with the consequences of its deals with … Read more

GM’s Sleepy Hollow facility has been closed since 1996. (file photo)

SLEEPY HOLLOW, NY – Village officials report that General Motors has signed a contract with a joint venture of Diversified Realty Advisors of Summit, NJ and the Irvine, CA-based developer SunCal to redevelop the former assembly plant on the  Hudson River shoreline here.

Previous estimates have put the development cost for the mixed-use project known as Lighthouse Landing at about $1 billion. Sleepy Hollow Mayor Kenneth Wray informed village … Read more

SLEEPY HOLLOW — General Motors has reached a development deal with two real estate companies for its site on the village’s waterfront.

Diversified Realty Advisors of Summit, N.J., and SunCal of Irvine, Calif., will partner on the 96-acre site to build 1,177 residences, 35,000 square feet of office space, 135,000 square feet of retail and a 140-room hotel.

The village approved the development in 2011 and in August it resolved litigation that stalled the project for years. On Thursday village administrator Anthony … Read more

Vacant for almost 17 years, the GM tract along the riverfront in Sleepy Hollow appears a step closer to being developed as a mixed use residential and commercial site. GM has named a developer to whom it intends to hand over the 96 acre site, according to Sleepy Hollow Mayor Ken Wray. The Mayor disclosed the GM move Tuesday night at a Village Trustee meeting to a round of applause from all those in attendance.

General Motor’s financial deal with the … Read more