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Spring Valley Urban Renewal Board Approves Development Plan

A Rockland County developer proposes a $175 million transit-oriented development to revitalize Spring Valley.

By Betsy Kim | Updated on November 07, 2017

Spring Valley development plan Concord Capital is proposing a Spring Valley development plan.

NEW YORK CITY—Concord Capital New York, a Rockland County investment firm, is seeking approvals to build a $175 million development, centered around the Spring Valley train station. Over the last seven years, the company has purchased parcels of land and buildings surrounding the train station with ambitions of assembling them into an urban development package. All properties are in an urban renewal zone which allows for higher densities, according to Concord Capital.

Eric Jacobov, the company’s founder and CEO, is proposing a three-year plan to create an approximately one-million-square-foot as-of-right development comprising residential, multi-family, retail, office and park space. He’s also hoping for a commuter parking garage and upgrades to the current Spring Valley train station.

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