(L-R) Banker, Brett, Constantine, Plunkett and Roach.
Even though the title of the event implied gloom and doom, the facts proved to the contrary. The panelists brought exciting news that six million square feet of available inventory had been substantially reduced (It's less than 5 million), and that global investors were eyeing Westchester, the demand for medical space was intensifying, dozens of entrepreneurial ventures were sprouting, and there was significant growth in the small and mid-size business sectors.
"Although some of the multi-national corporations have relocated, other kinds of businesses are filling the space," said Plunkett. "And there's a good reason for that. Westchester has it all: proximity to New York City, good infrastructure, the best schools and recreational facilities, and great transportation options." Panelists made the point that if municipalities are willing to modify zoning requirements for mixed use in order to fill office buildings, the county will become that much more marketable.
"It's a matter of repositioning," said Brett. "The number of qualified workers in this county is phenomenal." She added that the Westchester County Association created the Work. Live. Play. vision through its partnership with Project for Public Spaces. "We applaud White Plains for allowing mixed use development in the 287 corridor, and the Town of Harrison for considering the same," she said. "Once we start creating a healthy environment for business and places for our young professionals to live and play, you'll see tremendous demand."