At the Westchester County Association Breakfast in New York, Westchester County Executive Rob Astorino unveiled a plan for a bioscience complex in Valhalla. Developed on 20-acres of land owned by the developer, Fareri Associates, the complex would include a biotechnology research facility, medical offices, a children's science center and supporting hotel, retail stores and restaurants on the Grasslands Reservation. According to a report from The Journal News, Astorino said Fareri Associates was proposing to invest up to $1.2 billion in the complex near the Westchester County Medical Center. The project is subject to approval by the Town of Mount Pleasant and could take 18 months to complete.
"We look forward to working together with the county in developing this unique and exciting Bioscience & Technology Center that will create thousands of new construction and permanent jobs, while positioning Westchester County at the forefront of the region's emerging new economies," John Fareri, president at Fareri Associates, said in a statement.
Westchester County Association President and CEO William Mooney Jr. hoped the proposed development would build upon the county's growing life sciences industry, which includes several Montefiore locations, Memorial Sloan Kettering Cancer Center in West Harrison and Regeneron Pharmaceuticals, Inc. in Tarrytown. "This is a sector that the WCA has fostered over the years," Mooney said. "This project will add to and complement the many world-class organizations … that already call Westchester home."
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