The Real Deal New York

Owner seeks approval for residential redevelopment at former Philips Research campus

July 13, 2017 05:25PM

The new owner of the former Philips research campus in Briarcliff Manor announced that it would seek approval to redevelop the 100-acre plot into a residential community. New Jersey-based Ridgewood Real Estate Partners bought the parcel at 345 Scarborough Road for $12.2 million in June. Philips had operated in the facility for 50 years, until 2015, when the health tech research firm closed up shop moved 125 employees to Cambridge, Massachusetts. [WBJ]