Greenburgh’s Elmwood Country Club sold for $13M

Elmwood Country Club in Greenburgh has been sold to a New Jersey real estate development firm. The 100-acre club is the second large parcel of Westchester land bought by Ridgewood Real Estate Partners this summer. The Florham Park-based firm bought the vacant Philips Research North America in Briarcliff Manor for $12.2 million in July, and Jonathan Grebow, president and CEO of Ridgewood told the Westchester Business Journal that they plan to redevelop the 100-acre campus into a residential development. The Elmwood club, previously owned by its members, filed notice with New York State that it would layoff its 76 employees by the end of September. [WBJ]