Biddle Real Estate Ventures and PCD Development, the master developers of Edge-on-Hudson, the mixed-use transit-oriented community rising along the waterfront in Sleepy Hollow, announced a major project milestone, as the community received its 587th Certificate of Occupancy. The CO’s issued amount to 50% of the total 1177 total units planned at Edge-on-Hudson and triggered a developer contribution of $4.6 million to the Village of Sleepy Hollow.
The award-winning community has proved extraordinarily popular with townhome and condominium buyers, as well as with those seeking to lease apartments, as demand has outpaced supply. Townhomes currently under construction in Phase 1 of the new One Kingsland neighborhood at Edge-on-Hudson sold-out just five months after their sales-launch, with Phase 2 nearly sold-out and Phase 3 planned for spring release. At The Daymark, waterfront condominiums are more than 90% sold.
Previously completed townhomes and condominiums from Toll Brothers at Edge-on-Hudson fully sold-out in 2023. Similarly, apartment leases at Northlight and Emerson at Edge-on-Hudson, including affordable housing units, are consistently in high demand.
The community has been an economic catalyst for the Village of Sleepy Hollow, transforming a long-shuttered former General Motors Assembly site along the waterfront to a vibrant mixed-use community. Edge-on-Hudson has enhanced the tax-base for the Village, as well as providing direct payments such the latest contribution triggered by the CO milestone. In addition, the development has restored public access to a section of Hudson River waterfront that had been inaccessible for over a century, with completion of Phase 1 of the Sleepy Hollow RiverWalk at Edge-on-Hudson in 2022.
Sleepy Hollow Mayor Marjorie Hsu commented, “While the Edge-on-Hudson development brings clear economic benefits to our Village, we are also delighted at the way in which this new neighborhood already brings additional vibrancy and opportunity to Sleepy Hollow. We are very committed to strengthening the connectivity between old and new neighbors as we build a better Sleepy Hollow for all. We appreciate the long-term partnership that has brought Edge-on-Hudson to this milestone and look forward to the completed Riverwalk and exciting retail development and restaurants that benefit all of our residents and many visitors.”
Peter Chavkin, Managing Member of Biddle Real Estate Ventures, added, “It’s one thing to have a vision on paper, but to see residents creating new memories and making this community their home has been so gratifying. We’re grateful to officials in the Village of Sleepy Hollow from the Mayor and Board of Trustees to the Planning Board and Village staff for their support in making sure that Edge-on-Hudson provides amenities that benefit all residents of the Village.”
Jonathan Stein, Founder and Managing Director of PCD Development, said, “There’s no doubt that Edge-on-Hudson is valuable to the local economy, but it’s always been our goal to accomplish more than that. We feel we have created a destination that enhances the lives of local residents and at the same time, attracts new visitors and businesses to Sleepy Hollow.”
Edge-on-Hudson is located just 25 miles north of Manhattan, within walking distance between two Metro-North train stations (Tarrytown and Philipse Manor), affording express access from Grand Central in just 40 minutes. Edge-on-Hudson is set to include 1,177 townhomes, condos and apartments; a 140-room boutique hotel; 135,000 square feet of retail space and 35,000 square feet of office space, in addition to more than 16 acres of new parkland.
