$42M in Financing Secured for Dobbs Ferry Mixed-Use Project

DOBBS FERRY—The developer of the $130-million Rivertowns Square project off the Saw Mill River Parkway here has secured $42 million in construction financing from M&T Bank and promises to resume work on the mixed-use project.
In conjunction with the financing deal, developer Saber Dobbs Ferry, LLC reported that it will stage an official ground-breaking ceremony for the mixed-use project on Oct. 6. Saber Dobbs Ferry is a partnership between Saber D. F., an affiliate of Saber Real Estate Advisors, LLC, and Dobbs Ferry Capital Partners, an affiliate of Chauncey Station Partners, LLC.

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New tenants announced for Rivertowns Square, along Saw Mill River Parkway in Dobbs Ferry

If your commute or list of weekend errands includes a drive along the Saw Mill River Parkway through Dobbs Ferry, surely you’ve noticed the huge new construction site developing at Lawrence Street/Exit 16.
Demolition of the 200,000-square-foot research building and laboratory has been completed, and now the $150 million mixed-use development known as Rivertowns Square is officially up and running — and already creating traffic headaches for commuters and residents of the river towns and Yonkers.

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Follow these projects in downtown White Plains, Yonkers, Dobbs Ferry, Nyack and Hastings

Wall Street may have a bad case of the jitters this week, but commercial real estate development is alive and well and doing quite nicely in the Lower Hudson Valley.
Several long-dormant projects have come back to life in recent months, with new ones making their way through various municipal boards in Westchester and Rockland counties. Here are five projects to keep an eye on this fall.

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