WCA Hosts Third Annual Real Estate Summit to Discuss Development Projects, Energy’s Future and Economic Incentives

MAY 14, 2019

WHITE PLAINS, N.Y. (May 14, 2019) – The Westchester County Association (WCA) brought together nearly 300 regional leaders in commercial and residential real estate, as well as government and planning officials and community organizations, for its 3rd Annual Real Estate Summit today.

The event explored transformational development projects in Westchester and the Hudson Valley, the experience of the failed Amazon-New York City deal and performance-based incentives and the future of the energy supply in the Hudson Valley. The three panels of regional experts provided in-depth knowledge and insights regarding pertinent, topical issues that transcend the Hudson Valley economy.

WCA President and CEO William M. Mooney, Jr. and Westchester County Director of Operations Joan McDonald delivered opening remarks.

Transformational Projects in Westchester and the Hudson Valley was moderated by Mike Oates, President and CEO of Hudson Valley Economic Corporation (HVEDC). Key information about five major area projects was provided to the audience: Simone Healthcare Development’s renovation of the 104 Corporate Park Drive, Harrison, office building for use by Montefiore Medical Center; LEGOLAND New York in Goshen; BioMed Realty’s multiphase redevelopment of the Ardsley Park life science campus in Ardsley; the Marist Health Quest School of Medicine – a Marist College and Health Quest Systems academic partnership – in Poughkeepsie; and the City of New Rochelle’s redevelopment initiatives, including revitalization efforts in both downtown and the waterfront.

Panelists included: Guy Leibler, President, Simone Healthcare Development; Phil Royle, Director of Development and Operations, LEGOLAND New York; Colleen O’Connor, Director for BioMed Realty’s Massachusetts and New York Markets; Dr. Glenn Loomis, Chief Academic and Innovation Officer, Health Quest; Geoffrey Brackett, Executive Vice President and Chief Strategy/Innovation Officer, Marist College; and Luiz Aragon, Development Commissioner, City of New Rochelle.

“We’ve seen an explosion of activity and we tried to bring together a cross-section of some of those transformational projects that are facing us here in the Hudson Valley,” Oates said.

“Get ready, Hudson Valley,” Royle said. “We will attract about 1.5 million to 2.5 million visitors per year. … As businesses and as communities we need to get ready for that.”

Our Energy Future was presented by Ivan Kimball, Director – Electricity Supply, Con Edison, and Michael Reed, Program Manager, Advanced Efficiency Solutions at NYSERDA. It addressed the future of the energy supply in the Hudson Valley in light of the natural gas moratorium and impending closure of Indian Point.

“I shared with you some of the goals when it comes to balancing environmental stewardship, innovation and economic development,” Kimball said. “And there are numerous projects already underway at Con Edison to help design an orderly transition to a clean energy future we all envision. … Let’s work together to allow a clean energy future that is accessible and affordable and does not threaten the health of the region.”

The Post-Amazon Deal: A Discussion on Attraction, Retention and Incentives was moderated by Bill Cuddy, Executive Vice President of CBRE. It focused on what people in the Hudson Valley can learn from the unsuccessful deal.

“There is a public and even professional miscalculation and misunderstanding of the value of economic development in some of the projects that we are doing,” Cuddy said.

Tinkelman Architecture gave a virtual reality presentation, featuring immersive technology that provides users with the capability to explore fully interactive, three dimensional environments, including room, floor and whole building design.

The program wrapped up with the presentation of the WCA’s Annual Policy Playbook awards, recognizing exceptional work in planning and training by municipalities in Westchester and the Hudson Valley. The WCA Policy Playbook is a joint initiative of the WCA and Pace University’s Land Use Law Center to streamline and improve the planning, zoning and approval processes across municipalities in Westchester County.

WCA and the Land Use Law Center recognized the City of Mount Vernon for its West Transit Oriented Development Form Based Zoning Ordinance and the City of Poughkeepsie for its Innovation District Zoning.

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