New York & Tri-State + Fairfield/Westchester + Office | October 31, 2023

New York Blood Center Takes Over Former Avon HQ

The New York Blood Center is taking over the former Avon headquarters in Rye, NY, vacant for the past four years. The 187,000-square-foot property will be redeveloped at an estimated cost of $108 million, with the Blood Center occupying it for office space, testing and research laboratories, and processing storage and distribution of blood and associated supplies.

Westchester County’s Local Development Corporation voted preliminary approval of $52 million in tax-exempt bond financing for the redevelopment. “The adaptive reuse of a vacant headquarters building into modern offices and lab space is another example of the continued strength and vitality of Westchester’s economy,” said Westchester County Executive George Latimer.

Located at 601 Midland Ave. in Rye, the property will receive new HVAC, electrical systems and switch gear, new windows, roof, plumbing upgrades, repairs and improvements to the building façade, landscaping, new paving, the construction of clinical and research laboratories and exterior lighting

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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 GlobeSt.com 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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