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BioMed, owner of Ardsley Park on Saw Mill River Road wants to redevelop park for warehouse use watch link below
BIOMED REALTY, OWNER OF ARDSLEY PARK, PRESENTS RECONSTRUCTION CONCEPT
WAREHOUSE USE ON SAW MILL RIVER ROAD
At September 26’s work session, the Greenburgh Town Board heard from BMR-Ardsley Park LLC (“BMR”) about conceptual plans to redevelop their Ardsley Park property at 410-460 Saw Mill River Road.
By way of background, BMR acquired the Property in 2011 at which time it signed a lease with Acorda Therapeutics, Inc. for the occupancy of much of the 42.69-acre campus. Acorda vacated the Property in June 2022 and continued attempts to release the Property have been unsuccessful. Of the eight original buildings, built from 1956-1963, only four are still standing. Acorda had occupied about 75% of the available space, but the realtor, which specializes in biomedical real estate, had no luck finding any other additional tenants in that industry, nor can they find a replacement for Acorda now. They are the original owners of the Regenon property that is under massive expansion, and there’s no interest in Regeneron growing further here. Nor have there been bites from anyone else. There’s been a great shift in the market nationwide in the last year alone, said BMR VP Sal Zinno. The buildings are also past their viable life for this use, with today’s standards vastly different than the 1950s. The renovations required would be too high, with rents that would need to be too low.
Rather than let this significant piece of real estate sit fallow, BMR presented the Town Board conceptual plans for the redevelopment of the Property for warehouse and distribution purposes–removing the four buildings and replacing with one large energy-efficient facility totaling approximately 280,000 square feet, 289 parking spaces, 79 loading bays and 110 trailer spaces. The Property is located in the General Industrial (GI) District which includes warehousing and distribution as a principally permitted use. Redevelopment of the Property could result in increased tax revenue and job creation with no impacts to the school district or municipal services. An estimated 250 full-time jobs would be created, along with possible annual increased tax revenue for the Town of $.6M.
A preliminary traffic study was conducted which determined that while a warehouse, especially a possible fulfillment center use warehouse, would have higher traffic than its current zero with full vacancy, it would be less than a fully occupied regular office building there (with many more employees, an estimated 700) and especially less at at peak hours. Very preliminary talks with the NYSDOT were met with positive feedback, and the developer would envision creating on their own side a turn lane for incoming traffic to the property, and consolidating four curb cuts currently into just two at the north and south ends. The main entrance would be on the north end.
Part of the normal review and site plan approval process would involve doing an in-depth traffic study based on the exact proposed use, with a fulfillment center at the higher end of traffic and a regular storage warehouse much lower. Of course community feedback would be part of the approval process, and the Planning Board could dictate based on the traffic results, what type of warehouse use might be appropriate.
You can watch the full discussion here: https://youtu.be/L45zjQVksug
Greenburgh Town Supervisor