October 22, 2019
Texas developer joins GM plant redevelopment in Sleepy Hollow
Project: Developers SunCal and Diversified Realty Advisors plan to build 1,177 housing units, a 140-room hotel, 135,000 square feet of retail and 35,000 square feet of office space at the former General Motors plant in Sleepy Hollow. The project, know as Edge-on-Hudson, includes 16 acres of developed outdoor space.
Location: Edge-on-Hudson will redevelop 70 riverside acres previously occupied by General Motors. The project site is located between the Tarrytown and Philipse Manor Metro-North Railroad stations.
Latest News: Texas-based developer Hines will build the second phase of the Edge-on-Hudson project. SunCal and Diversified tapped Hines to build a total of 246 luxury apartments on Oct. 17.
Hines said it will deliver a 5-story luxury apartment complex.
SunCal and Diversified Realty Advisors did not disclose the terms of the transaction.
“We are proud to be a part of this transformative development in the beautiful Village of Sleepy Hollow,” Hines Managing Director Grant Jaber said in a prepared statement. “The community’s mixed-use component, waterfront location and proximity to transit make it an extremely attractive investment for Hines.”
SunCal and Diversified Realty tapped Hines at the former GM plant one year after inking an agreement with developer Toll Brothers to allow it to redevelop 15 acres. Toll Brothers will deliver a total of 72 townhomes, 46 condominiums and 188 rental apartments as part of the first phase of the Edge-on-Hudson development.
Toll Brothers’ townhomes will range from 2,400 square feet to 3,000 square feet and start at $1.2 million.
SunCal and Diversified tapped Nelson Byrd Woltz Landscape Architects to design the project’s parks and walkways, and to connect Edge-on-Hudson to Kingsland Point Park and Sleepy Hollow’s historic lighthouse in April.
Nelso Byrd is the landscape architect behind the Hudson Yards redevelopment in Midtown Manhattan.