Battle Over Chappaqua Crossing Continues

CHAPPAQUA, NY (WCBS 880) –The four Pegasus sit atop the old Reader’s Digest building in Chappaqua, and while the company’s logo is still there, the 700,000 square foot building remains empty.

With the Reader’s Digest company long gone, the question as to what to do with the property remains.

Geoff Thompson of  Summit Greenfield Partners, the property’s new owners, spoke with WCBS 880’s Catherine Cioffi.

“Many important people walked these grounds in these hallways,” he said.

According to Thompson, New Castle has restricted what they can do with the property.

WCBS 880’s Catherine Cioffi reports

SEE: More Photos of the Building

“Under the current zoning you can’t lease the whole building,” he said. “It’s a black hole in the middle of the community at this point.”

RELATED: Reader’s Digest Era Officially Ending in Chappaqua

He says they’re now fighting – and considering legal action – to build condos, but some residents are up in arms over potential surges in traffic.

Calls to the town have not been returned.

LINK: Chappaqua Crossing

  • Walter Harbor

    The locals are terrified that the town will be contaminated by “new children” who, unlike ChappaquaGuy, might know how to spell. Down with progress.

  • ChappaquaGuy

    For those of you unfamiliar with this story, the developer plans to build a few hundred condos on this sight without a supporting investment in infrastructure or services. The roads, schools, train station, etc. simply can not support an infulx of this many new residences. The developer plans to build, sell, and move on without paying to build new roads, expand school facilities or assist the town in any way. Zoning laws exist for a reason and it is not about keeping an area pretty.

  • drabsny

    @native noo Yawker – why are you so city-centric? You do know that there are other places in the world besides NYC don’t you? Get over yourself!

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