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A $450 million redevelopment plan for the abandoned hospital site has been on hold for the past year as Starwood Capital Group seeks a buyer for the property. The village said it's been told a deal is close.
The Greenwich-based company owns Four Seasons Resort and Residences Anguilla, which employs approximately 550 people on the Caribbean island.
Greenwich-based Starwood had proposed to turn the 15-acre site at 406 Boston Post Road into a neighborhood with a mix of residential, commercial and office uses.
The approval marks a major step forward for Starwood Capital Group’s plan to rebuild the decaying hospital site.
With all six seats on the Port Chester Board of Trustees up for grabs in elections last Tuesday, candidates, residents and labor and advocacy...
Sustainable Port Chester Alliance, a coalition of Port Chester residents and area civic, community and labor organizations, was founded in response to the United Hospital plans.
The study found that 64 percent of Port Chester residents were in favor of the plan, while 27 percent opposed it.
The project will be financed in partnership with affiliates of Citigroup Inc., Morgan Stanley and Mitsubishi UFJ Financial Group.
The Greenwich-based firm is set to purchase seven malls in the southern U.S. and Michigan in a deal expected to close in the fourth quarter this year.
Starwood Capital Group unveils a conceptual plan for a roughly 1-million-square-foot mixed-use development at the former United Hospital in Port Chester.
An affiliate of Starwood Capital Group Global L.L.C. has purchased a portfolio of nine commercial office buildings totaling 1.9 million square feet for $260.5 million, the company announced Jan. 2.