Despite the New York Post’s dire news in May that only 11 estates have sold for more than $10 million in the past seven years in Westchester due to wealthy New Yorkers’ preference for staying in the city, large-scale luxury development is still happening there.
Greystone on Hudson in Tarrytown, New York, for instance, is a brand new development that will offer homes for $8 to $15 million. Though most of the 20 properties only are still under construction, one site is already built and available for purchase for $9.9 million.
Andy Todd, a developer of Greystone on Hudson, told LLNYC that the properties have already attracted “a ton of interest” from potential buyers — something he credits to the recreation of amenities more commonly found in luxury apartment buildings in the city. Think doormen, a concierge, and of course, a gate around the property to protect against all the neighborhood’s undesirables (we can only guess that’s the headless horseman. Sleepy Hollow is only a five-minute drive away). The properties will also feature necessities like an indoor sports complex, basketball courts, rock climbing, wine cellars, home movie theaters, swimming pools, tennis courts, staff quarters, two laundry rooms and an 800-square foot closet that Todd calls a “woman’s cave.”
Ultimately, though, the developers are banking on people moving to Greystone on Hudson for the same reason they have always moved from the city to the suburbs: more space. “You’re getting so much for your money,” Todd says, “people would rather have that lifestyle.” –Isabel Schwab