Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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Hines Breaks Ground in Sleepy Hollow

Hines and investment partner MetLife Investment Management launched construction of NorthLight at Edge-on-Hudson, a Class-A multifamily project in Sleepy Hollow, NY featuring 246 luxury apartments. The building is part of a $1-billion phased master-planned development known as Edge-on-Hudson, a mixed-use, riverfront community with more than 16 acres of community parks and a 1.5-mile waterfront promenade.

“With its excellent amenities and irreplaceable location, NorthLight will set a new standard for living in the area,” said Tommy Craig, Hines senior managing director.

Additionally, the project team at Hines has closed on the construction loan with Santander Bank. This marks the third project the bank has helped finance with Hines. 

Situated on the Hudson River, less than half a mile from the Tarrytown train station, NorthLight at Edge-on-Hudson is expected to be completed in the third quarter of 2022. Leasing is slated to begin in Q1 2022.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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