CHAPPAQUA, N.Y. -- Tenants will begin moving into Chappaqua Crossing early next year.
Construction of the mixed-use property which will feature apartments, townhouses, office space and retail, including a Whole Foods Market, is underway.
The Apartments at Chappaqua Crossing, a $21 million residential project, will feature 63 apartments, including 25 market rate, 10 workforce, and 28 affordable apartments on the original segment of the old Reader's Digest building, built in 1939.
The original Reader’s Digest rotunda entry at the center of the building is being retained and furnished with photographs and the history of the Readers Digest property.
A website ( ChappaquaCrossing.com ) has been created to allow people to apply for the affordable and workforce units.
Residents are expected to move into the North Village, featuring 91 Georgian-style townhouses, next spring.
About 250,000 square feet of the 450,000 square feet of office space has been leased by Northern Westchester Hospital and by Caremount Medical Group.
NWH and Caremount are the two largest office tenants. There are multiple smaller users accounting for 250,000 square feet of the 450,000 of available office space.
Geoff Thompson, a spokesman for Chappaqua Crossing, said he expects more office space to be leased once people and retail start moving in.
"It will be a much more attractive environment," Thompson said. "This will be a community within a community. The office space is starting to draw a lot of interest."
Construction began on the 120,000 square foot retail portion of Chappaqua Crossing three weeks ago. It will feature a 40,000 square foot Whole Foods market and a Lifetime Fitness Center along with a bank, a pharmacy and some ancillary shopping, Thompson said.
"It's really going to be beautifully designed," Thompson said. "It's going to be set up to look like a village."
Felix Charney, founder, and president of Summit Development, which owns the property, said he is pleased the "long and arduous" process is finally moving forward.
"Chappaqua Crossing will be a model for redevelopment than we are confident that we and the community will be proud of," Charney said. "When complete, the renewed campus will serve as a model for other communities faced with finding creative ways to bring new life to former corporate properties."
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