Kaplowitz (left) and Astorino in agreement on this
major announcement
WHITE PLAINS – Westchester County is going to team up with developer
Fareri Associates to build a three-million square-foot, mixed-use, biotech
center on 80 acres on the county’s vacant property adjacent to the
Westchester Medical Center in Valhalla.
Dubbed the North 60 property, Fareri will develop the county property under a 99-year lease. The company owns 20 adjacent acres.
The new Westchester BioScience & Technology Center will include $1.2 billion in private sector investments and is expected to create thousands of jobs and millions in tax revenues and rent for the county.
“This is precisely the smart growth we need in Westchester County,” said County Executive Robert Astorino. “This initiative will create a bio-technology hub that will position our county as a leader in the field, will create thousands of jobs and produce a revenue stream to help pay for parks, roads, day care, public safety and other services for years to come.”
Board of Legislators’ Chairman Michael Kaplowitz termed the project “a tremendous win” for everyone in the county and region. “Turning this tract of vacant county property into a hub of scientific research and innovation will create significant new revenues, economic and scientific activity and create thousands of permanent and construction jobs.”
Fully built out, the new center will include 2.2 million square-feet of biotech/research space; 400,000 SF of medical offices; a 100,000-SF hotel with 100 rooms; 114,000 SF of ground-level retail space, and a 34,000 SF Children’s Living Science Center.
Footprint of the project, to go up just north of Westchester Medical Center
