The Real Deal New York

Posts Tagged ‘ridge hill project’

  • Sandy Annabi, a former city council member, and the Ridge Hill site

    A former city council member from Yonkers was charged today with selling her vote to approve developer Forest City Ratner’s Ridge Hill Project, as well as another developer’s real estate project in Westchester, the office of the United States attorney for the Southern District said.

    Sandy Annabi, the city council’s Democratic majority leader who served through the end of 2009, allegedly took more than $166,000 in cash and valuables to switch her votes to support the projects, the indictment says.

    Also charged in the complaint were Zehy Jereis, the former chairman of the Yonkers Republican Party and Anthony Mangone, a Westchester attorney. They each allegedly made illegal payments to Annabi, the indictment says. TRD[more]

  • The development company behind Westchester’s Ridge Hill Project, Forest City Ratner Companies, has reached a refinancing agreement with a 13-member bank group on its $557 million construction financing loan, according to a press release sent today. The financing was originally set to mature in August 2010. That date has been extended to August 2012, with two 12-month extensions available. The retail and mixed-use project is currently under construction in Westchester County. TRD