Category Archives: News & Press

Photo: Todd Shapera

Sleepy Hollow, N.Y. — June 10, 2015 – It’s not often a lighthouse gets a second chance. Constructed in 1883 to warn mariners away from the shoals along the eastern edge of the Hudson River near Kingsland Point (just north of the present-day location of the Tappan Zee Bridge), the Lighthouse at Sleepy Hollow was decommissioned in 1961. Now, as the first step in what is eventually intended to be a full-scale refurbishment of the lighthouse, … Read more

Photo: Dan Reiner/The Journal News

The development plan to rejuvenate the former General Motors Assembly site on the Sleepy Hollow waterfront area has a new name: Edge-on-Hudson.

Developers SunCal and Diversified Realty Advisors are teaming on the $1 billion joint venture, announced in late 2014 by the village and Westchester County.

The development, spread over 65 acres, will include over one thousand condominiums, townhomes and apartments, a hotel, entertainment, retail and office space, and 24 acres of parks and gardens.

Peter Johnson, … Read more

SunCal and Diversified Realty Advisors bought the site of a former General Motors assembly plant on the Hudson River north of New York City to build properties including 1,177 residences and a hotel.

SunCal expects to break ground next year at the site in Sleepy Hollow, about 30 miles (48 kilometers) north of New York City, and open the first residences in 2017, said Frank Cappello, president of the company’s eastern region. The purchase was completed yesterday in New York, he … Read more

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