A new big box retailer on East Main Street, forward progress on a proposed senior assisted living facility across from the hospital, and a possible new buyer of the former Colonial Terrace property — there’s a lot of activity in the Town of Cortlandt.
Floor & Decor, a specialty-flooring retailer, will open a retail outlet at the former Shoprite property at 2094 East Main Street on Route 6.
“People often go from one store to the next when they shop and this will help multiple businesses in the community, including the Cortlandt Town Center, as well as generating revenue for the town,” said Dr. Richard Becker, Cortlandt Town Supervisor.
The property, a 55,000-square-foot building on an 11.5-acre site, is owned by Kitzbuehel Realty, LLC of Scarsdale. A previous plan to open a car dealership on the site by Curry Automotive Group was dropped and Curry hired a real estate broker to conduct a national search for a tenant instead.
Floor & Decor sells hard surface flooring and related accessories along with commercial surfaces, offering a broad in-stock assortment of tile, wood, laminate and vinyl, and natural stone flooring. The company operates over 200 warehouse-format stores and several small design studios in 36 states. The company reported revenues of $4.4 billion for 2023 and net income of $245.9 million. The company did not state an estimated date when the new store will open.
Senior assisted living, new plan for Colonial Terrace
Scaled-down plans to develop woodlands property across from NewYork-Presbyterian Hudson Valley Hospital took another step forward as the Cortlandt Planning Board considers site plan approval for the project.
The developer, Val Santucci of VS Construction Corp. owns the six-acre lot on Route 35/202 and wants to build 100 assisted living units with 69 on-grade parking spots along with support services, garden and patio areas and other amenities.
The Cortlandt Planning Board has already decided that Santucci must complete several traffic improvements required by the state Department of Transportation before getting final approvals to build on the property.
The improvements include a signal at Dayton Lane, turning lanes near the Bear Mountain Parkway extension and other off-site improvements.
Santucci’s “Evergreen Manor” property is in the town’s Medical Oriented District (MOD), which encourages development of clinics, rehabilitation centers, medical office space, laboratories, research facilities, assisted living residences, independent senior living with services, skilled nursing facilities, and many others.
Also included in the MOD are residential apartment options called “multigenerational, millennial and empty nest, or a combination of these residential types,” professional office space, cafes, bakeries, retail, restaurants (except drive-thru), other food services, and banks.
Santucci intends to build further on other parcels in the Evergreen Manor property. Those plans could involve 99 townhomes and two other lots for commercial development.
Near the Santucci properties, a different developer, Gyrodyne, LLC, owns five one- and two-story medical office buildings, totaling 31,420 square feet on a 14-acre site called Cortlandt Medical Park, housing doctors offices.
Several years ago Gyrodyne presented plans to redevelop the property with new medical office buildings, but has now decided instead to offer the properties for sale.
JLL Capital Markets was hired by Gyrodyne to sell the property that includes 9.79-acres of developable land, which can accommodate any future mixed-use development under the Town of Cortlandt’s MOD. The site has already been zoned for the construction of 150,000 square feet of state-of-the-art medical office space, according to JLL.
In a different project that never launched, the firm that bought the former Colonial Terrace property on Oregon Road is believed to be close to completing a sale of the undeveloped site.
NRP Group, a national development firm, announced plans in 2021 to build a 135-unit, active adult residential rental community on the 8.7-acre site and won approvals for the project from Cortlandt.
However, changes by Gov. Kathy Hochul in how New York state provides low-cost financing for age-restricted housing made financing the deal unworkable for NRP Group, according to a person familiar with the project.
A call to NRP Group for comment was not returned.
