Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

<em>Clockwise from top left: Paul Simon seeks $13.9M for his New Canaan home, the $48M off-market sale of a Greenwich estate is the largest in the town since 2014, former standup comedian-turned-life coach Lisa Lampanelli lists her Fairfield beachside home for nearly $2.5M and the sale of a former Novartis campus in Rockland County is the subject of a $100M lawsuit filed in White Plains.</em>
Clockwise from top left: Paul Simon seeks $13.9M for his New Canaan home, the $48M off-market sale of a Greenwich estate is the largest in the town since 2014, former standup comedian-turned-life coach Lisa Lampanelli lists her Fairfield beachside home for nearly $2.5M and the sale of a former Novartis campus in Rockland County is the subject of a $100M lawsuit filed in White Plains.

Developer proposes $100M project at YMCA site in White Plains
Southern Land Company, the Nashville-based developer that is in contract to buy the building that houses the YMCA of Central and Northern Westchester in White Plains, plans to spend “north of $100 million” to build an 8-story, mixed-use structure at the site, the Daily Voice Plus reported. Southern Land’s northeast director of acquisitions Joseph Rossi told the outlet that the existing building will have to be demolished, as it’s been “very poorly maintained.” The developer will close on the 1.16-acre property after it secures the approvals it needs from the city for the project, which will reportedly include 173 apartments, on-site parking, a swimming pool and around 2,000 square feet of retail space. The Daily Voice also reported this week that the Westchester Industrial Development Agency had granted preliminary approval on a $1.8 million sales tax exemption for a $95 million development that will bring 303 apartments to a former office complex at 1133 Westchester Avenue in White Plains. The city’s downtown area currently has about $1.2 billion in development underway. [DVP]

Greenwich estate sells for $48M in priciest local sale since 2014
An oceanfront estate in Greenwich quietly sold in an off-market sale earlier this year for $48 million, marking the priciest sale in the town since the 50-acre Copper Beech Farm sold for $120 million in 2014, Mansion Global recently reported. A limited liability company affiliated with former hedge fund executive Chris Shumway and his wife sold the 12,000-square-foot home, which sits on four acres on a gated community, the outlet reported. The couple purchased the home at 110 Field Point Circle about 10 years ago for $17.5 million. The house has seven bedrooms and 11 bathrooms and features various amenities, including a tennis court, a pool and a dock. A blog maintained by Greenwich-based Houlihan Lawrence agent Gideon Fountain noted in late February that Christopher Finlay of Halstead was the listing broker, while his Halstead colleague Rob Johnson was the selling broker. [Mansion Global]

Paul Simon, Edie Brickell look to sell their New Canaan estate
Singer, songwriter and actor Paul Simon is parting ways with his New Canaan estate, the Wall Street Journal reported. Simon and his wife, singer Edie Brickell, are seeking $13.9 million for the approximately 32-acre estate at 82 Brookwood Lane. The home includes a six-bedroom main house, a cottage with two bedrooms and a recording studio, a garage and landscaped grounds. Simon bought the property for 16 percent more than its current asking price back in 2002, according to the outlet. The fact that he’s willing to sell it for less than what he paid for it is indicative of the current market in the area, listing agent Leslie Razook of William Pitt Sotheby’s International Realty told the outlet. Razook has the listing with fellow Sotheby’s broker Anne Krieger. The Real Deal, citing a recent Douglas Elliman market report, noted last week that many Fairfield buyers are looking for smaller homes. [TRD]

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PDC Beauty & Wellness stays in Stamford for new corporate HQ
Stamford’s office market, which has seen a number of notable relocations in recent months, is now poised to see another company relocate its worldwide headquarters from one building to another in the city, the Daily Voice Plus reported. PDC Beauty & Wellness is leaving its current space at 6 High Ridge Park and moving into more than 26,000 square feet of space at 750 East Main Street. The new location for the company is more spacious than the old one, and has amenities such as a train shuttle, a game room and a fitness center. Its proximity to Manhattan was part of the draw, PDC president and chief commercial officer Pete Columbia told the outlet. Private equity firm CVC Capital Partners paid $1.4 billion to buy PDC in 2017. [DVP]

Weston manor house once occupied by Frank Sinatra seeks $6M
A waterfront manor house in Weston known by locals as “Frank Sinatra’s place” is on the market for $5.995 million, the Norwalk Hour reported. Neighbors told the current owners that Sinatra and his ex-wife Mia Farrow used to rent the Georgian-style neoclassical home at 222 Lyons Plain Road. The home, which sits on 10 acres, has six bedrooms, eight baths, a movie theater, a wine pantry and a swimming pool, among other myriad amenities. The current owners renovated and expanded the home in a project that concluded in 2010. One of the owners described the estate as “one’s own private country club or luxury hotel getaway,” according to the outlet. Emily Gordon and Joni Usdan of Coldwell Banker have the listing. [The Hour]

Lisa Lampanelli lists her Fairfield beachside home for $2.5M
Former standup comic and current life coach Lisa Lampanelli has put her beachside home in Fairfield on the market for $2.45 million, the Connecticut Post reported. The Trumbull native and one-time “Queen of Mean” bought the home in 2012 just before Superstorm Sandy hit. The property at 1053 Fairfield Beach Road ended up being one of the only ones in the area that was mostly undamaged by the storm, according to the outlet. The nine-room, three-floor contemporary colonial house, which was built in 2002 and has been featured on HGTV, has a private beach and views of the Long Island Sound. “It’s impossible to be in a bad mood in this house,” Lampanelli told the Connecticut Post. Helen Cusa and Kecia Von der Ahe of Halstead Real Estate have the listing. [CTPost]

Novartis campus owner sues associates in White Plains
The backer of an entity that acquired the vacant Novartis campus in Rockland County has slapped his business associates with a $100 million lawsuit in a federal bankruptcy court in White Plains, the Daily Voice Plus reported. RS Old Mill LLC sued Bridgewater Capital Partners, Suffern Partners, CPIF Lending and several affiliates claiming they “masterminded the sequence of events intended to circumvent the authority of [the federal bankruptcy court] and divest [RS Old Mill] of its sole asset,” according to the outlet. RS Old Mill bought the 162-acre property in Suffern from Novartis for $18 million in 2017, only to flip it for $30 million to Bridgewater affiliate Suffern Partners. Brooklyn’s Yehuda Salamon, who controls RS Old Mill, filed for Chapter 11 protection because he was afraid the deal would fall through after Novartis wouldn’t let them conduct a “due diligence environmental investigation” at the site. Lawyers for the defendants didn’t immediately return the outlet’s requests for comment. [DVP]