Thursday, April 30, 2026
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Members
  • Sign in
  • Login
Westfair Communications
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
Westfair Communications
No Result
View All Result
Home Government

The battle over the sales office

Sam Barron by Sam Barron
April 29, 2013
0
Share on LinkedInShare on FacebookShare on Twitter

The Yorktown Town Board is divided over what to do with a $3 million, 8,000-square-foot building in Shrub Oak.

The building has served as the sales office for Trump Park Residences, an $80 million, 141-unit active adult community off Barger Street, owned by Cappelli Enterprises Inc.

According to a written agreement, once 50 percent of the residential units were sold, the building was to be razed and replaced with a gazebo and a walking track. Even though half of the units remain unsold, a Cappelli spokesman said they no longer need a sales office.

Some town officials, including Supervisor Michael Grace would like the structure to remain and be used for town purposes, like an office for the Parks and Recreation Department.

“The town has some needs for a building like that in the northern end of town,” Grace said. “A building like that could hold administrative offices and allow for us to run community programs.”

At a work session, some residents were resistant to the idea, worried about what the town would do with the land, but Grace said it would simply be used as an office.

While there is no set value for the building, estimates by Grace and Cappelli Enterprises have it between $2 million and $3 million.

Councilman Nick Bianco and the Yorktown Land Trust would prefer the building be razed and left as open space per the agreement made during the approval portion of the project.

“I don”™t believe in reneging on agreements,” Bianco said. “How do we benefit from this? This belongs to the land trust.”

Councilman Dave Paganelli agrees with Bianco, while Councilman Terrence Murphy sides with Grace. Vishnu Patel could not be reached for comment.

“Our motto is progress with preservation,” Murphy said. “I have no problem with preservation, but we have already preserved 3,000 acres of open space. You have a building on that piece of land, why would you want to wreck it just to have grass grow?”

John Schroeder, president of the Yorktown Land Trust, negotiated the easement along with the Westchester Land Trust. He said that preserving 40 acres was the trade-off for Cappelli being able to put in several amenities and that the building would be taken down.

“Buildings are not supposed to be there,” Schroeder said. “Our position is that the building has to come down or be moved.”

A recreation easement approved by the town that sets aside five to 10 acres of the property to be used as a walking trail, paid for by Cappelli, also states that buildings should not be on the site.

“As far as we are concerned, Yorktown has an obligation to enforce the conditions of a recreation easement,” Schroeder said. “The building must be removed from the site.”

Joseph Apicella, executive vice president of Cappelli Enterprises, said his company is interested in donating the building to the town rather than knocking it down in favor of open space.

“There”™s plenty of grass,” Apicella said. “We”™ve already set aside 40 acres. People can run to their hearts content. We”™re not looking to make a profit; we want to do something good for a community that”™s been very good to us. Why would we knock the building down?”

Cappelli Enterprises has taken a big hit on the residential complex since it opened in 2007. More than half of the units remain unsold, and the units that have been sold are selling at only 70 to 75 percent of what Cappelli Enterprises was originally asking. Initial asking prices for the one, two and three-bedroom homes ranged from the mid-$500,000s to $1.2 million. Apicella said they are now asking $250 to $300 per square foot.

Apicella blames the recession for the sluggish sales.

“It is still a struggle,” Apicella said. “It”™s a beautiful spectacular property with an unbelievable amount of amenities. You name it, we have it there. The economy has just sucked the life out of the project.”

While Grace and Apicella tout the value of the building, Schroeder maintains that an agreement is an agreement.

“Whether the building is worth $3 million or $3,000, there cannot be a building there,” Schroeder said. “Our situation and our mission are very clear on this.”

This page is available to subscribers. Click here to sign in or get access.

Previous Post

New chefs in Westchester

Next Post

A marketing strategy based on life’s stages

Related Posts

The Stonefield in Norwalk sells for nearly $18M
affordable housing

The Stonefield in Norwalk sells for nearly $18M

April 29, 2026
Former Eastchester Lord & Taylor building sells for $83M
Economic Development

Former Eastchester Lord & Taylor building sells for $83M

April 29, 2026
Bedford Post Inn accuses chef of cybersquatting
Courts

Bedford Post Inn accuses chef of cybersquatting

April 29, 2026
Next Post

A marketing strategy based on life’s stages

Subscribe to our newsletter

Lifestyle

  • Exclusives
  • Good Things Happening
  • Food & Restaurants
  • Travel
  • Health & Fitness
  • Home & Design

World News

Fed hikes interest rates one-half point
World News

U.S. and world news for April 30

by Peter Katz
April 30, 2026
0

Powell top remain at Federal Reserve The Federal Reserve on Wednesday held interest rates steady during Jerome Powell’s final meeting...

BREAKING NEWS: Fed cuts interest rates 1/4%; hints at two more cuts this year

CNN WIRE — Federal Reserve holds interest rates steady: VIDEO

April 29, 2026
CNN WIRE — Justice Sotomayor plans to remain on Supreme Court: VIDEO

U.S. and world news for April 29

April 29, 2026
U.S. and world news for Sept. 25

CNN WIRE — Comey indicted over alleged ‘threat’ against Trump: VIDEO

April 28, 2026
U.S. and world news for April 28

U.S. and world news for April 28

April 28, 2026
U.S. and world news for Nov. 6

CNN WIRE — shooting suspect charged with attempting to assassinate the president

April 27, 2026
No Result
View All Result

Latest News

SoundWaters appoints two new board members
Business Journals

SoundWaters appoints two new board members

by Gary Larkin
April 30, 2026
0

Gabrielle Tilley STAMFORD – SoundWaters, the region’s leader in climate science education, has announced the appointment of...

Yale School of Medicine gets $10M gift for children’s mental well-being

Yale School of Medicine gets $10M gift for children’s mental well-being

April 30, 2026
Fed hikes interest rates one-half point

U.S. and world news for April 30

April 30, 2026
The Stonefield in Norwalk sells for nearly $18M

The Stonefield in Norwalk sells for nearly $18M

April 29, 2026
The Real Brokerage to acquire RE/MAX for $880M

The Real Brokerage to acquire RE/MAX for $880M

April 29, 2026
Logo Westfair Business Journal

Latest News

SoundWaters appoints two new board members

Yale School of Medicine gets $10M gift for children’s mental well-being

U.S. and world news for April 30

  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Sign in

Trending Westchester

Subscribe to our newsletter

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
      • 2025
      • 2024
      • 2023
      • 2022
      • 2021
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBE
    • NEWSLETTERS
    • DIGITAL ACCESS

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.