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Ridgewood Real Estate Partners plans to build 175 townhomes for active seniors. But the company may have to do so under a new tax structure.
The golf course's management company sold the property to an affiliate of Ridgewood Real Estate Partners, the recent buyer of the vacant Philips Research North America campus in Briarcliff Manor.
Elmwood Country Club in Greenburgh will sell its property and lay off 76 employees, according to a notice with the state Department of Labor.