General Motors Corp. has chosen a developer for its long-vacant automotive assembly plant site on the Hudson waterfront in Sleepy Hollow.
The long-stalled project, Lighthouse Landing, includes 1,177 residential units, 35,000 square feet of office space, 135,000 square feet of retail, cinema and restaurant space and a 140-room hotel, at a cost previously estimated at $800 million.
Sleepy Hollow Mayor Kenneth G. Wray announced the Detroit automaker has chosen a development partnership of Diversified Realty Advisors L.L.C., based in Summit, N.J., and SunCal, the nation”™s largest privately held developer of master-planned communities. Headquartered in Irvine, Calif., SunCal also has an office in Manhattan.
The nearly 100-acre GM property off Beekman Avenue was vacated by the automaker in 1996. The redevelopment project, first proposed by GM in 2003, has been delayed for several years by lawsuits brought against village officials by GM and by Sleepy Hollow”™s neighboring municipality, the village of Tarrytown.
GM”™s former development partner, New Jersey-based Roseland Properties L.L.C., pulled out of the Lighthouse Landing project in late 2007, calling it an opportunity that had passed. The project was revived after GM emerged from its bankruptcy reorganization in 2009.
