CBRE gets the nod for Ratner's Ridge Hill Village development.Forest City Ratner has appointed CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. exclusive leasing agent for the office portion of the proposed Ridge Hill Village development in Yonkers Yonkers (yŏn`kərz), city (1990 pop. 188,082), Westchester co., SE N.Y., on the east bank of the Hudson, in a hilly region just N of the Bronx (New York City); inc. 1855. Its elevator works date from 1852. , NY. Vice President Al Gutierrez of the firm's Westchester/Fairfield office will oversee the marketing effort for the office property. Forest City Ratner, known for having taken a strong role in the rebirth re·birth n. 1. A second or new birth; reincarnation. 2. A renaissance; a revival: a rebirth of classicism in architecture. of 42nd Street, Manhattan, among other projects, was designated the developer of Ridge Hill Village by the Ridge Hill Development Corporation. Ridge Hill Village promises to be one of the most exciting developments in southern Westchester Southern Westchester, alternatively called Lower Westchester, is one of two major distinct areas of Westchester County, New York (USA) the other being Northern Westchester. , combining retail, entertainment, residential, office and hotel uses into a single, cohesive cohesive, n the capability to cohere or stick together to form a mass. lifestyle center. Located directly off exit 6A of I-87, the proposed development is expected to eventually total 1.3 million s/f of retail and entertainment space in addition to 160,000 s/f of office space, 1000 residential units, and a hotel and conference center on 81.4 acres of land. The entire project has been designated a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Enterprise Zone, which allows tenants to reap significant tax savings. CB Richard Ellis will act as leasing agent for the centrally-located 245,000 s/f existing office building, which has approximately 60,000 s/ f presently available Forest City Ratner plans significant renovations to the building. Upon completion, the ground floor of the building will be retail with approximately 160,000 s/f of office space remaining on the second and third floors. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Gutierrez, tenants that make a commitment to the building now will "reap the benefits garnered to those with true vision." He added, "Ridge Hill Village will be a major destination point, and companies located there will have a real identity in the new community. With such a limited amount of space available at the building, however, our ability to accommodate future demand is restricted. Considering the versatility of the building to oblige tenants of just about any office industry, interested parties will have to move fast to get in before everyone else sees what's happening." |
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