Chappaqua Crossing: Case Study

The historic building which sits high above the Saw Mill Parkway at Roaring Brook Road, and once the global headquarters of Reader’s Digest, may appear to be going through a long overdue renovation. Inside the walls, however, some of Chappaqua’s most prominent large-scale operations are underway, including the expansion of Chappaqua Crossing, which currently contains offices and medical space. Construction crews have been working tirelessly to prepare the property for new additions. The building will soon anchor new shopping venues including: a Life Time Fitness Center, Chase Bank, AT&T, GoHealth Urgent Care and Pet Valu, and largest of all, a new 40,000 square foot Whole Foods Market. The plans involving Whole Foods intentions to occupy part of Chappaqua Crossing was first divulged to the public in late 2013. Summit Development and Greenfield Partners, the owners of the property, signed a lease in 2014 as stated by the Westchester County Clerk’s office. The project itself, however, will be completed in a collaboration with Summit and The Grossman Companies Inc. The agreement between Summit, Greenfield, and Whole Foods, allows the supermarket to inhabit the space for 20 years with an option to extend to 25 years. According to Robert Greenstein, Chappaqua Town Supervisor, the facilities will be up and running in the fall of 2018.
Mr. Greenstein believes that, “Chappaqua has a lot of leakage which means people go outside of New Castle to buy goods and services. By opening up more shops at Chappaqua Crossing, it will decrease the leakage and many people will start spending money inside of New Castle. Many things coming to Chappaqua Crossing like stores or shops that are found in surrounding towns, will be at the residents' value. Now residents won’t have to leave our town to go to different