CPC Resources celebrates grand opening of 12,000 s/f Spring Valley retail project

CPC Resources Inc., the for-profit development subsidiary of The Community Preservation Corp. (CPC), held the grand opening of Four Corners Spring Valley, the first retail phase of a revitalization project in the downtown area. Located at 75 North Main St., Four Corners Spring Valley features 12,000 s/f of new retail space with eight stores ranging from 1,353 to 1,665 s/f. The retail space is located at the base of the Spring Valley Senior Apartments, a four-story building with 53 senior rental apartments which opened last November. To celebrate the grand opening, Perlmutter Properties Inc., who is leasing the retail space, held a Small Business Expo at the site on October 27. "We are pleased to celebrate the completion of this much-needed new retail space in the heart of downtown Spring Valley. By providing top quality space for retailers, the Four Corners Spring Valley project will contribute to the ongoing revitalization of Spring Valley," said Isaac Henderson, project manager of CPC Resources, the developer of the project. CPC Resources is working in partnership with the Small Business Development Council at Rockland County Community College and the Rockland Economic Development Corp. to provide guidance for first-time retailers and assist with financing. "The Village is excited to welcome the Spring Valley Small Business Expo to Spring Valley, as we are the home of small businesses and have been since the Village's earliest history. Being the hub of Rockland County, centrally located to all major traffic arteries, and ethnically and racially diverse, Spring Valley is the ideal location for small businesses. Our revitalized downtown welcomes small businesses and looks forward to their success in Spring Valley," said mayor Noramie Jasmin "This project is exciting because it provides downtown Spring Valley's with a first-class modern retail facility located in a densely populated and high traffic neighborhood. We commend CPC Resources for working with retailers to help make their dreams a reality," said David Perlmutter of Perlmutter Properties Inc. The second phase of Four Corners Spring Valley, which will be located directly across from the site, will feature additional ground floor commercial space combined with multifamily rental housing called Spring Valley Family Apartments. The combined family and senior apartments will add new residential apartments to the downtown core. Family and senior tenants will be able to take advantage of the ground floor commercial tenants and assist in the commercial revitalization of Spring Valley's Main St. The CPC is a not-for-profit mortgage lender that has financed more than $7 billion of affordable housing since its founding in 1974. CPC Resources has developed or rehabilitated more than 18,000 units throughout New York State, including Parkchester Apartments in the Bronx, representing an investment of over $600 million in affordable housing.