Westchester & Fairfield Cheat Sheet: Moby sells Pound Ridge home for $1.1M, former GE building in Stamford set for senior living … & more

TRD New York /
Dec.December 19, 2018 02:30 PM

Clockwise from top left: Moby sells Pound Ridge home he bought in March, an ex-General Electric building in Stamford is set to become a senior living facility, a Westport home on property once owned by a colonial militiaman hits the market and Westchester County sees a new co-op bill come into law.

Moby sells Pound Ridge home designed by Frank Lloyd Wright ‘disciple’
Less than a year after buying a house in Pound Ridge, the Connecticut-born musician and disc jockey known as Moby has sold the property to raise money for charity, Mansion Global reported. The two-bedroom home, which was built in 1956 and designed by David Henken, a “disciple” of famed architect Frank Lloyd Wright, took a slight price chop. Moby, whose given name is Richard Melville Hall, bought it for $1.24 million in March and listed the home for $1.3 million in July. He ended up flipping the property for $1.1 million, according to various news reports. In an Instagram post over the summer, Moby said he was selling the house at 280 Salem Road because he was “rarely there,” adding that he would put the money toward causes he believes in, such as “progressive political candidates” and animal rights. It was not immediately clear who purchased the 2,562-square-foot home. Muffin Dowdle of Ginnel Real Estate had the listing. [Mansion Global]

Former General Electric building in Stamford set to become senior living facility
A vacant office building that was once home to General Electric is on its way to becoming a senior living facility, the Stamford Advocate reported. Developer Steven Wise Associates bought the 196,000-square-foot building at 201 High Ridge Road from GE for $17 million approximately three years ago this month, the outlet previously reported. The developer now plans to demolish nearly 120,000 square feet of commercial space at the site and build a four-story building that houses 150 units for seniors. The proposal has received a stamp of approval from Stamford’s Zoning Board. While GE still has employees in Stamford, the conglomerate announced in January 2016 that it would move its corporate headquarters to Boston. [Stamford Advocate]

New co-op bill that expedites review process becomes law in Westchester
Westchester County has passed a law that will speed up the co-op review process, despite concerns from those who felt it didn’t do enough to make the process more transparent, LoHud reported. The bill, passed last month and signed into law last week by Westchester County Executive George Latimer, requires co-op boards to acknowledge that they’ve received an application — or let an applicant know there is an issue with their application — within 15 days. It also requires co-op boards to make a decision on an application within 60 days and gives them a 15-day deadline to send a copy of any rejections to the Westchester Human Rights Commission, the outlet reported. [LoHud]

Developer proposes mixed-use building with luxury rentals in Pelham
Yonkers-based developer Pelham RE Partners hopes to raze a one-story building in Pelham and construct a six-story, mixed-use one, LoHud reported. The development would house 35 luxury rentals, three penthouses and retail space, in addition to onsite parking, according to the outlet. The existing building at 139 Fifth Avenue houses five businesses, including a sports bar and a nail salon. “The site has great potential,” developer Ruben Guerrero told the Village of Pelham Board of Trustees. “We’re looking at developing something that is going to be invigorating for the village and hopefully become a point of attraction and a great benefit for residents.” [LoHud]

Greenwich office campus owner taps CBRE as leasing agent
An office campus in Greenwich has snagged a new leasing agent. CBRE was named 100 West Putnam Avenue’s exclusive leasing agent, the Fairfield County Business Journal reported. The campus, which served as the former headquarters of U.S. Tobacco until the latter sold the property in 2007, includes a pair of office towers and two “standalone boutique buildings.” AXA, Alinda Capital, JPMorgan Chase and Strategic Value Partners are among the campus’ existing tenants. The FBJ noted that Boston-based Rockpoint Group bought the campus, its first property in Fairfield County, from Torchlight for $130 million in November. [FBJ]

Westport home on property once owned by colonial militiaman hits market
A home that replaced one built by a colonial militiaman in Westport has hit the market for $1.95 million, The Norwalk Hour reported. Phineas Chapman, who served as a lieutenant in the Connecticut Militia in 1775, built a house at 39 Cross Highway in 1742. That home burned down in the 1870s, but Chapman’s grandson rebuilt it, the property’s current owner, Deborah Howland-Murray, told the outlet. “We don’t know if everything burned or if there is any part of the wood structure that remained,” she said. Howland-Murray noted that “some of the furniture was saved,” and that the home “plays a unique role in Westport’s history.” Sandy Ruta and Marina Leo of the Higgins Group have the listing. [The Hour]

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