WPCNR SOUTHEND TIMES. November 30, 2021 UPDATED December 1, 2021:
The Westchester Business Journal reported Tuesday afternoon the French American School of New York owners of the former Ridgeway Country Club property on Ridgeway Avenue in White Plains have sold the property to Farrell Building Company of Bridgehampton, New York for a sum not disclosed . The entire property was sold. The new owner of the property is quoted by Business Journal reporter Peter Katz confirming the sale, saying:
“Given the limited inventory of new construction homes in Westchester County and the resurgence of demand for suburban housing following the pandemic, Ridgeway is the perfect opportunity for the Farrell brand to enter the market. We look forward to working with the City of White Plains on the project which will generate substantial tax revenue for the community.”
WPCNR has since learned from a reliable source with knowledge of the deal, that it was sold for $16.5 Million.
Pictured below from the Farrell Building Company website are typical custom home styles the company builds in the Hamptons, Florida and New York. Their website is www.FarrellBuilding.com
The sale was announced the very last day either party, the French American School or the City of White Plains to notify the Appellate Court in Brooklyn that either party was no longer interested in fighting the Gedney Association appeal of the Common Council decision to approve the development of a new French American School campus on the property.
The property could under the present 30,000 square lot zoning, could result in 40 homes being built on the property, if a zoning change is not sought by the new owner.
The dispute over the legal use of the property as an “institution” has lasted 11 years. Now a ruling by the Appellate Court will not be made on whether a condition issued decades in the past would continue to be enforceble will not be either upheld or denied at least in this classic case.
The FASNY-Gedney battle is a saga of summoning the expert legal strategist, Dan Seidel and his colleague Claudia Jaffe providing their services pro bouno to deliver an argument that induced the Appellate Court to agree to hear arguments in the case, growing out of Judge Joan Lefokowitz’s decision to throw out the Gedney Association original challenge.
An elated Seidel told WPCNR this morning a new proposal by the owner would most likely require a new environmental review of any new site plan. The alleged lack of a “thorough” environmental review was the second grounds on which the Gedney Association based its appeal.
After 11 years of neighborhood resistance, FASNY, (depending on what Farrell Realty pays them, said to be $16.5 Million), may be recouping their losses. The school paid $11 Million for the property in 2009 and a decade of legal fees.
Patch reports “A spokesperson for the school said, over the course of the last couple of years, the space requirements and planning needs of the school evolved, leading to the conclusion that selling the entire property was in the school’s best future interests.”
The Westchester Business Journal story can be read at https://westfaironline.com/143137/breaking-news-french-american-school-sells-white-plains-property/