This is a high profile mixed-use project in the suburbs right along the Metro North RR’s Hudson Line and the Tappan Zee Bridge.
The development team at Edge-on-Hudson, a joint venture of SunCal and Diversified Realty Advisors, has announced that Toll Brothers (NYSE: TOL), has signed an agreement to purchase and build out lots in Phase 1 of the project. It is anticipated that Toll Brothers will build as many as 306 units of housing, including 61 affordable workforce and senior housing units.
SunCal and Diversified will continue site development on the project, an ambitious development valued at $1 billion, which will eventually include 1,177 units of housing; a 140-room boutique hotel; 135,000 square feet of retail space and 35,000 square feet of office space. The project will also feature more than 16 acres of parkland, and a winding promenade along the water linking to the existing RiverWalk to the south and Kingsland Point Park to the north.
utilities installation in late September