FASNY To Sell 3 Parcels For Development

WHITE PLAINS, NY — The French-American School of New York is selling three portions of the property it bought to build a school on in White Plains all those years ago. In all, the parcels total 48 acres and are zoned for single-family residential use.

FASNY entered a stipulation of settlement with the City of White Plains and ultimately obtained site plan approval and a permit for a reduced project for its Secondary School (grades 6-12) campus and nature conservancy.

The conditions of the approval pertain only to Parcel A and the conservancy, with residential use remaining in effect for the balance of the property.

The school's Board of Trustees issued a statement Thursday saying it remains committed to the vision of a future permanent campus for the school and is working to create the best conditions to fulfill this vision.

FASNY, having decided to divest part of its Ridgeway property, recently retained CBRE, a commercial real estate services firm, to market and sell three undeveloped portions of the property, while retaining the 28 acres that are approved for construction of its Secondary School campus and a 51-acre nature conservancy.

FASNY is selling what are known as Parcel B (14 acres between Gedney Esplanade and Heatherbloom Road); Parcel C (15.5 acres between Heatherbloom and Bryant Avenue); and a portion of Parcel D (18.4 acres starting from Hathaway Lane and heading towards Ridgeway) that is not part of the dedicated nature conservancy.

Interested parties should contact William Cuddy at CBRE: William.Cuddy@cbre.com or (203) 325-5380 or Budd Wiesenberg at CBRE: Budd.Wiesenberg@cbre.com or (203) 325 5375.