The Real Deal New York

Westchester & Fairfield Cheat Sheet: $100M assisted living and health center hybrid facility planned for Norwalk … & more

By Maya Rajamani | August 15, 2018 05:32PM

Clockwise from top left: Health network and senior living provider team up to build $100M health center, Buyer snaps up five-story Westchester Avenue building for $24M (credit: Doug Kerr), owner says proposed hotel in Yonkers wouldn’t become a prostitution den (credit: Anthony22), and developer proposes rental building for empty-nesters seeking ‘simplified lifestyle’ (credit: Doug Kerr). 

$100M assisted living and health center hybrid facility planned for Norwalk
A Norwalk property where a YMCA once stood will soon be home to a health center and assisted living facility, the Fairfield County Business Journal reported. Norwalk Hospital, its parent organization Western Connecticut Health Network and Maplewood Senior Living plan to build a five-story hub at 370 West Avenue for an estimated cost of approximately $100 million. “This proposed project supports our growth strategy and the shift to outpatient care,” Norwalk Hospital president and WCHN chief strategy officer Michael Daglio told the outlet. [FBJ]

RPW Group affiliate sells Westchester Avenue office building for $24M
A five-story building on Westchester Avenue in Purchase fetched $24 million. 2975 Westchester LLC, which is controlled by Greenwich’s Schur family, bought the 120,000-square-foot complex from a RPW Group affiliate, the outlet reported. The building, which is 85 percent leased according to the Westchester Business Journal, currently houses 17 tenants and comes with around 600 parking spaces and a cafe. It’s also close to a bus shuttle to the Rye and White Plains Metro-North stations. RPW shelled out around $18.5 million for the building more than a decade ago. GHP Office Realty vice president Jamie Schwartz brokered the recent sale. [WBJ]

Developer proposes rental building for empty-nesters seeking ‘simplified lifestyle’
Glen Vetromile of Glenco Group hopes to build a 188-unit rental building called River Knoll on a 18-acre site in Ossining, LoHud reported. The development, which is intended to target seniors, would include one- and two-bedroom apartments, along with a fitness center, a dog spa and a community room. The developer plans to offer 169 of the units at market rate, with the remaining 19 offered as affordable apartments. In order for the project to proceed, the area must win a zoning change that permits rental properties. “We think first and foremost that it will be very appealing to an empty-nester because there is actually very little planned projects in the county” for that demographic, Vetromile told the outlet. [LoHud]

Stamford antique store built in the ’60s set to become apartment building
A developer plans to convert an antique store in Stamford into an apartment building. A limited liability company that snapped up the 1968-built store on Shippan Avenue for $1.8 million last year has started renovating the building after securing the Zoning Board’s approval, the Stamford Advocate reported. The renovated building will house more than two dozen apartment units, including four affordable ones, according to the outlet. [Stamford Advocate]

Proposed hotel in Yonkers wouldn’t become a prostitution den, owner says
A restaurant owner who hopes to convert his eatery into a 57-key hotel wants to placate locals who oppose his plans. Some Yonkers residents have voiced opposition to Gulam Khan’s proposed hotel, as well as another hotel proposed for South Broadway, claiming the new businesses could become magnets for prostitution. It was not immediately clear why they believed this would be the case. The chairman of the South Broadway Business Improvement District wrote to the city officials saying he was opposed to the hotel because it may end up being used to temporarily house the homeless or mentally ill. Khan told LoHud that concerns that the hotel would be a host to prostitution are unfounded because of the cost to stay there, which he did not disclose. “The hotel is going to improve the whole neighborhood. It’s a gateway to Yonkers,” he said. The lodge would rise next to the Broadway Diner, which he owns, so it wouldn’t make sense to open a seedy establishment, he added. [LoHud]

Landmark New Canaan inn to undergo renovations ahead of restaurant opening
The owner of the landmark Roger Sherman Inn in New Canaan is finally moving forward with renovations, New Canaanite reported. Nes Jaffre secured a permit for the work last month, and plans do a $160,000 overhaul of the interior, the outlet reported. A former “Iron Chef” contestant, Francois Kwaku-Dongo, will take the helm at the restaurant that will eventually open in the space. “We’re changing the look of this nice, but old and tired antique inn,” Jaffre said. Before this, there were plans for the inn to be sold, but the purported buyer backed out, according to the outlet. [New Canaanite]