Orange County Partnership Commercial Real Estate Summit

For more information, please contact The Ahearne Law Firm, PLLC at (845) 763-4100.

The Orange County Partnership, an economic development agency based in Goshen that promotes economic growth in Orange County, recently hosted dozens of commercial real estate brokers and site selectors at its bi-annual Commercial Real Estate Summit at Stewart Airport. Guests were treated to aerial views of Orange County via helicopter, bus rides and virtual reality tours of some of the potential development sites and infrastructure in Orange County.

Orange County Executive Steven Neuhaus said they had a large turnout from the New York metropolitan area:

We have all sorts of realtors, engineers and attorneys all working on great projects and looking to bring more in here.”

Among the locals attending was Hudson Valley Town Supervisor Michael Sweeton, who was promoting the town’s corporate park at the site of the former Mid-Orange State Correctional Facility:

This gives us a chance to meet some national site selectors, get our site in front of them; it’s a great opportunity.”

State Economic Development Commissioner Howard Zemsky addressed the attendees saying the state, and in particular, the Mid-Hudson Valley, is making significant rebounds:

New York State has gotten its mojo back in terms of envisioning the future.”

The most shovel-ready site discussed was the former Mid-Orange Correctional Facility in Hudson Valley, a medium-security state prison that closed in 2011. The Town of Warwick has plowed $3 million of state grant money into the 730-acre site at 225 State School Rd. to transform it into the future Warwick Valley Office & Technology Corporate Park. It features 10 shovel-ready sites that can hold up to 850,000 square feet of high-tech, light industrial or office space, plus it has roads, utility hook-ups, fiber optic cables and preapproval for commercial development. The site has already attracted The Yard Sports Village, which includes plans for 38 acres of outdoor fields, dorms, fitness trails and a 35,000-square-foot fieldhouse for training.

The former Maybrook Yard on Henry Henning Drive, once a critical, northeast railroad yard, could become the future Galaxy Corporate Park. Its owner, Galaxy Limited, a company owned by NY Waterway, is proposing to build an 80-acre industrial park with 10 buildings accessible by road and rail. As many as 750 acres could be available on the site, which may feature up to 1 million square feet of space, with individual buildings built to suit potential buyers’ needs, possibly ranging up to 220,000 square feet. Ample water supply is available via the Maybrook Reservoir.

Among other key properties was a 180,000-square-foot industrial space, where FedEx already operates, at 3 Enterprise Dr. on Stewart Airport’s grounds. The space is ideal for e-commerce, logistics and distribution. Owned by New York companies, the real estate private equity firm Savanna and Newmark Holdings, the property includes 3,600 square feet of office space, nine loading docks plus six more on the way.

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