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Mixed-Use Project Proposed for 99-Acre GM Site

SLEEPY HOLLOW, NY-In the midst of a land sale dispute surrounding the former General Motors assembly plant site here, the village of Sleepy Hollow and Roseland Property Co. have released preliminary plans for a mixed-use project there.

By John Jordan | Updated on January 29, 2002

SLEEPY HOLLOW, NY-While the plan is still a “work in progress,” Sleepy Hollow Mayor Philip E. Zegarelli and Jonathan Stein of the Roseland Property Co. say they have a number of ideas in mind for the former General Motors assembly plant property here.

Zegarelli and Stein, an operating partner with Roseland Property Company of Short Hills, NJ, told area commercial brokers last week at a meeting of the Westchester County Board of Realtors Commercial Investment Division that the project called “Lighthouse Landing at Sleepy Hollow” will likely feature between 900 and 1,400 rental residential housing units, a hotel and conference center, another 200 units of senior housing and several hundred thousand square feet of mixed-use development, including retail and flex office space. Also part of the preliminary plan would be the creation of a “Green Crescent” of parkland space on the property that would provide direct access to the Hudson River for the general public.

The mayor told the CID gathering at the WCBR offices in White Plains that the village is moving forward with its planned purchase of the 99-acre site from General Motors and recently the Village Board approved the issuance of as much as $15 million in bonding to fund the acquisition. Currently, the village has offered the automaker $12 million for the site. General Motors refused comment on the proposed purchase except to reiterate its position that it wishes to retain ownership of the property and move forward with the development of the parcel with the village and Roseland. The mayor and GM officials both note that negotiations are being held between the two parties on the issue.

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