BIG Announcement Made at Business Council of Westchester and Fordham Real Estate Institute Event: Marx Realty Begins Construction on Retail Expansion and 4-Acre Park at Cross County Center in Yonkers
In big news on the retail front, announced at Wednesday’s Business Council of Westchester and Fordham University Real Estate Institute event, BCW Member Marx Realty announced this week it has begun construction on a two-building, 58,000-square-foot retail expansion at Cross County Center in Yonkers. The 1.15 million-square-foot retail center is now home to over 100 retail, dining, educational and entertainment outposts across several buildings and serves as the heart of the Westchester community.
“The incredible demand for space at Cross County Center created the need to bring new physical space to the property,” said Craig Deitelzweig, CEO of Marx Realty. “The country’s leading retail and dining destinations want to plant their flags at Cross County Center due in large part to our special mix of tenants and uses as well as our beautiful green spaces, hands on management and our ongoing reinvestment in maintaining its place as the northeast region’s preeminent retail center. We also are excited to introduce a new 4-acre park and boardwalk which will act as the new “front door” to Cross County Center.”
Two new buildings — one single-story building comprising 14,000 square feet and one two-story building comprising 44,000 square feet — will rise on the north lot at Cross County Center and infrastructure-related construction for the new development is currently underway. Plans call for a 44,000-square-foot build out for a national apparel retailer’s super flagship location while Marx Realty will restack existing tenants to best accommodate new and existing retailers at the Center.
Marx Realty will also develop a beautiful 4-acre green park with an allée of trees, creating an oasis to accommodate seasonal programming and serve as the heart, and new “front door,” of this iconic lifestyle center. The park will include a variety of seating options while the space will accommodate farmer’s markets, Summer Fest events and many wellness programs. An adjacent boardwalk will offer café-style seating and umbrella shaded areas.
“Cross County Center provides a vibrant and welcoming space for visitors whether they visit to shop and dine or just to unwind with family and friends,” continued Deitelzweig a former honoree of the BCW’’s Business Hall of Fame. “Green spaces, a beautiful new park, seating areas and year-round programming provide ample opportunity to spend a day at the center enjoying all it has to offer. Current and prospective tenants understand the value of our efforts and the placemaking power of real estate.”
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