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Housing Developer Still Bullish on NYC-Area Market

VALHALLA, NY-Developer Spectrum Skanska Inc., says that despite the economic slowdown, the firm is moving forward with a number of multi-million dollar residential developments in suburban markets in Long Island, New Jersey, Connecticut and Westchester County.

By John Jordan | Updated on November 08, 2001

VALHALLA, NY-Saying that while the terrorist attacks of Sept. 11 have created some problems for the housing market in the New York metropolitan area, development firm Spectrum Skanska believes that its decision to move forward on four new multi-family housing communities in Connecticut, Westchester, Long Island and New Jersey is the right one.

Mitchell C. Hochberg, president of Spectrum Skanska, notes, “Despite the recent concerns about the economy, our business continues to grow stronger each day. In fact, we have had a surprising number of customers visit our sales sites over the past few weeks.”

The developer plans to proceed with four new planned communities that will total approximately 750 luxury-housing units.

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