Overview

Description

A rare opportunity to own a large swath of land in one of the most highly coveted residential markets in the United States .The Campus Drive Assemblage is comprised of three addresses totaling over 20 acres in the picturesque suburban town of Pleasantville, New York. The combined properties have frontage on four roads with multiple access points. Existing Structures include a small professional office building and a large business continuity building formerly occupied by Bank of New York. The properties are zoned C-O. C-O code allows that when 15 or more contiguous acres are assembled, as-of-right you can petition for a change of use and build (5) residential units per acre. We infer that 20.038 x 5 = 100.19 units of which 10 units must be affordable. The assemblage is not located in a flood zone.

Location
The Campus Drive Assemblage is located in the heart of Central Westchester County, one of the most affluent suburban regions in the Country. The property is a superior, large block of land located in the northern part of the Village of Pleasantville, Town of Mount Pleasant, on the southern border of Chappaqua. The town of Pleasantville, New York is known for its vibrant arts scene as it is home to the Jacob Burns Film Center and the Pleasantville Music Festival. The town has an award winning school district as well as quaint village shopping and dining. The town has a Metro North Train Station with service to Grand Central and additional mass transit infrastructure. It is also home to a Pace University campus. Pleasantville is the approximate geographic center of Westchester County making the site ideally located for commuters. The property is located just off of Route 117, a/k/a Bedford Road and less than 1 mile from the Saw Mill Highway offering easy and convenient access to the affluent communities in Westchester County, NY as well as Fairfield County, CT. Westchester County is undergoing a period of unprecedented new development, not seen since the post war boom. Significant new projects have either been built, are in the construction phase or the approval process in the “river towns” along the Hudson River as well as the “sound-shore” communities overlooking the Long Island Sound. New investment and development is also being made in the
affluent towns inland as well as evidenced by the recently completed and hugely successful Armonk Town Square, and at Memorial Plaza in Pleasantville as well as the Enclave at Pleasantville, developed by Toll Brothers. The Enclave is located adjacent to the property and is fully occupied.

ZONING
1 Campus Drive, 3 Campus Drive, 71 Bedford Road and Manville Lane, located in the Village of Pleasantville in the Town of Mount Pleasant are zoned C-O – Campus Office. The district is a commercial district and was established in order to regulate office use within the Village. A recent amendment to the C-O code allows that when 15 or more contiguous acres are assembled, as-of-right you can petition for a change of use and build (5) residential units per acre. We infer that 20.038 x 5 = 100.19 units, of which 10 units must be affordable.

Documents

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