News: Brokerage

Saber Dobbs Ferry breaks ground on $130 million Rivertowns Square

Shown (from left) are: Michael Klinger, Saber Dobbs Ferry; William Mooney, director of the Office of Economic Development for Westchester County; Douglas Smolev, Dobbs Ferry Capital Partners; Deputy County Executive Kevin Plunkett; Martin Berger, Saber Dobbs Ferry; Westchester County Executive Rob Astorino; Corey Rabin, Dobbs Ferry Capital Partners; Mayor Hartley Connett; Edward Plotkin, former chairman, Dobbs Ferry Planning Board; Christopher Lynch, Dobbs Ferry Capital Partners. Shown (from left) are: Michael Klinger, Saber Dobbs Ferry; William Mooney, director of the Office of Economic Development for Westchester County; Douglas Smolev, Dobbs Ferry Capital Partners; Deputy County Executive Kevin Plunkett; Martin Berger, Saber Dobbs Ferry; Westchester County Executive Rob Astorino; Corey Rabin, Dobbs Ferry Capital Partners; Mayor Hartley Connett; Edward Plotkin, former chairman, Dobbs Ferry Planning Board; Christopher Lynch, Dobbs Ferry Capital Partners.
Dobbs Ferry, NY Saber Dobbs Ferry, LLC hosted a groundbreaking ceremony on October 6, for the retail, dining and entertainment portion of Rivertowns Square, the $130 million, 450,000 s/f mixed-use development currently under construction. The ceremony was attended by more than 50 members of the community and featured remarks from county executive Rob Astorino, mayor Hartley Connett of Dobbs Ferry and representatives from Saber Dobbs Ferry on the history of the project and the economic impact it will have on the community. Deputy County executive Kevin Plunkett and William Mooney III, director of economic development for Westchester County, were also in attendance. “Rivertowns Square is the jewel that will allow for much needed upgrades to the community, will create an environment for Dobbs Ferry residents and visitors to shop, stroll and enjoy, and, most importantly, will create hundreds of permanent and part-time jobs,” said Martin Berger, managing member of Saber Dobbs Ferry. “I am proud to be part of this project and we look forward to opening in 2016.” 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. Corey Rabin, a member of Saber Dobbs Ferry, also spoke during the ceremony. The project will create over 650 full and part-time jobs, as well as 475 construction jobs, upon its completion. Scheduled to open in 2016, Rivertowns Square will feature a 138-room hotel, restaurants, boutiques and entertainment along with 202 luxury apartments. The project is currently 80 percent leased and confirmed tenants include iPic Theaters, Mrs. Green’s Natural Food Market, Ulta Beauty, Chipotle Mexican Grill, Buddha Asian Bistro, Chop’t Salad, My Gym Children’s Fitness Center, The Learning Experience and Hilton Garden Inn.
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