The developer of the long-vacant General Motors Co. automotive assembly plant site in Sleepy Hollow has closed on its $39.5 million purchase of the property as the future site of Lighthouse Landing, a major mixed-use riverfront development first proposed by the Detroit automaker nearly a dozen years ago.
- The former General Motors site in Sleepy Hollow.
The sale of the nearly 100-acre property off Beekman Avenue closed on Dec. 23, Sleepy Hollow Mayor Kenneth Wray announced on the village website. The seller was the Town of Mount Pleasant Industrial Development Agency, according to the deed filed Dec. 24 in the Westchester County Clerk”™s office.
GM officials about one year ago selected Lighthouse Landing Venture LLC to develop 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 approved for the site by Sleepy Hollow officials. The company is a partnership of Diversified Realty Advisors LLC, 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 a Manhattan office.
The razed property was vacated by General Motors in 1996. The automaker in 2013 completed an environmental cleanup of the brownfield site.
Wray has said the project, which was delayed for several years by lawsuits brought against the village by General Motors and the neighboring village of Tarrytown and by GM”™s bankruptcy reorganization, “will allow the village to enter a new and exciting chapter in its history.”
