new rochelle, ny
Overview
Location: New Rochelle, NY
Major Tenants: Costco
Size: 137,000sf
In 1995-1997, G&S developed a 12.3 acre former municipal incinerator site; transforming an abandoned eyesore with significant contamination problems into a 137,000sf. Costco Wholesale Club. G&S’ proposal was selected by the City of New Rochelle over competing proposals from several other developers and tenants.
G&S’ plan addressed the City’s needs for protection from liability for environmental problems, an increased tax base and an anchor for future development. G&S improved a run-down city park, relocated the area animal shelter and capped the site in a manner acceptable to Costco and the State of New York environmental authorities. Since the approval of the Costco plan, not only has that store been completed, but a Home Depot and Linens N’ Things have also opened on adjacent parcels. The project created 250 construction and 150 permanent and part-time retail jobs.