The Real Deal New York

Westchester & Fairfield Cheat Sheet: Price for equestrian estate in Ridgefield slashed by $17M … & more

By Maya Rajamani | July 11, 2018 03:00PM

Equestrian estate in Ridgefield, CT owned in by late railroad exec Hunter Harrison takes another price chop.

Price for historic equestrian estate in Ridgefield slashed by $17M
The onetime home of railway executive Hunter Harrison has taken another price chop, the Fairfield County Business Journal reported. The 87-acre property in Ridgefield hit the market in 2014 with a $55 million price tag, but was asking $49.9 million by August 2016, according to the outlet. Now, the estate — which includes a 12,000-square-foot house built in 2009, a second, 18th century house, stables for 43 horses and indoor and outdoor jumping rings — is asking $33 million. Harrison, who died last year, purchased the estate for $12 million in 2005. [FBJ]

New Rochelle planning board hears proposals for two new mixed-use buildings
A pair of mixed-use buildings could be heading to New Rochelle as part of two proposed developments, LoHud reported. One of the projects, a 23-story building on North Avenue near the train station, would house 442 housing units, around 13,000 square feet of retail space and 471 parking spaces, according to the outlet. The site is currently home to a Bank of America building, which would be razed to make way for the development. A 26-story building, meanwhile, has been proposed for a site on Main Street that currently houses two churches and several retail stores, all of which would be demolished to make way for the building. The building would house one of the existing churches, a parking garage, 462 apartments and 2,180 square feet of retail space. [LoHud]

Construction company owner’s lawsuit claims he was swindled by three men
The owner of an Elmsford-based construction company has filed a $1.4 million lawsuit claiming a trio of men worked together to swindle him, the Westchester County Business Journal reported. Construction Directions LLC owner Elliott Porco sued the three men and six LLCs claiming they hired him for a job in Brooklyn that never materialized and convinced him to invest in an apartment complex that was never constructed. “Defendants simply took plaintiffs’ money and disappeared… once plaintiffs stopped wiring funds,” the suit says, according to the outlet. Porco himself is facing a lawsuit claiming he owes nearly $500,000 to a Pennsylvania-based subcontractor. [WBJ]

Court sides with Yonkers in lawsuit filed by mosque over landmark designation
A court of appeals has sided with Yonkers in a lawsuit filed against the city by the Islamic Community Center for Mid-Westchester. The mosque claimed the Yonkers Landmarks Preservation Board discriminated against it when it landmarked a mansion it uses for worship back in 2016, rendering it impossible to alter the building without approval from the board. The U.S. Court of Appeals, however — upholding a lower court’s decision — maintained the mosque didn’t adequately explain how the landmark designation would hurt the place of worship. “At no point in its briefing was it clear exactly how the landmark designation impacted its ability to use its property, let alone how the designation substantially burdened its ability to practice its religious faith,” the court said. [LoHud]

Developer seeks approval for new industrial building at Sandy Hook corporate park
A developer hopes to build an 8,300-square-foot industrial building at a corporate park in Sandy Hook, the Fairfield County Business Journal reported. Bethel-based 3 Turnberry Lane LLC filed an application for the building with Newtown’s Planning and Zoning Commission. The proposed building at Curtis Corporate Park would house four tenants, including Lawn Doctor LLC, according to the outlet. 3 Turnberry Lane LLC bought the lot that the building would rise on a few months ago for $130,000. [FBJ]