Starwood changes course, putting Port Chester’s United Hospital site up for sale

In a change of plans, Starwood Capital Group told Port Chester officials that it plans to sell the former United Hospital property. The company had received a zoning change over six months ago to enable its $450 million development to go forward, according to Westchester Business Journal. Starwood planned a mixed-use development with a 135-room hotel, medical offices, retail space, 730 homes, plus an acre of open space at the 406 Boston Post Road site. The zoning change allows a developer to build beyond the floor-to-area ratio on the site, but comes with a $3 million fee. No reason was given for the withdrawal from the project by Starwood, which purchased the land in 2006 for $28 million. Any new owner has to follow the plan created by the zoning change, the report said. [WBJ]