Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Real Estate, Business Leaders Weigh in on Economic Activity in New York, Region
  • USA - English

Saber Heritage SC, LLC developer Martin Berger joins panel on 'Economic Development Hotspots'


News provided by

Saber Heritage SC, LLC

Oct 24, 2019, 10:00 ET

Share this article

Share toX

Share this article

Share toX

Panelists, from left: Kenneth Kearney, Mike Oates, Martin Berger and Thomas Madden Oct. 10 at Western Connecticut State University in Danbury, Conn.
Panelists, from left: Kenneth Kearney, Mike Oates, Martin Berger and Thomas Madden Oct. 10 at Western Connecticut State University in Danbury, Conn.

DANBURY, Conn., Oct. 24, 2019 /PRNewswire-PRWeb/ -- The concept of "eds and meds" is not a new one, but innovative developers and planners are leveraging these powerful economic engines to fuel growth in towns and cities throughout the New York metro region.

"Eds and meds are driving a large chunk of the economy," said Joseph McGee, vice president of Public Policy and Programs at The Business Council of Fairfield County.

McGee moderated a discussion titled "Economic Development Hotspots" Oct. 10 at Western Connecticut State University in Danbury. Real estate and business leaders from New York and Connecticut discussed public and private developments in the region and their impacts on communities.

Martin Berger, development manager with EFG/Saber Heritage SC, LLC of Armonk, N.Y., outlined the $300 million mixed-use project – Hudson Heritage – he's developing on Route 9 in the Town of Poughkeepsie, N.Y. The 156-acre property, formerly the site of a state psychiatric facility, is neighbored by a solid base of eds and meds – Vassar Brothers Medical Center, Health Quest, Vassar College and Marist College.

"Our predecessor received approval for 350,000 square feet of commercial space and 750 residential units," said Berger. "But then the question is: OK, you have the general approval, what do you do with it?"

Berger met with representatives of the college and health care providers in the corridor and asked about their needs. "They are bringing in new doctors, new staff members, new professors, and they need quality housing – multifamily, townhomes, retiree housing," Berger said. "We showed how colleges and employers can no longer rely on their own assets to attract customers and quality staff – they need nearby amenities and quality housing to attract the best and brightest. And they agreed."

Hudson Heritage is being designed as an intergenerational community with 750 townhomes, rental apartments and assisted-living units. The property will feature a 150-room hotel and conference center; 350,000 square feet of commercial and retail space including a ShopRite supermarket, shops, restaurants, child care and a fitness center; 40,000 square feet of urgent and primary care medical facility/office space; and a 24,700-square-foot education/performing arts center.

"The uses are exactly in line with what the college and health care providers requested," said Berger.

The grounds will have walking trails and more than 60 acres of open parkland. Charter Realty & Development of Westport, Conn., is handling commercial leasing. Once completed, Hudson Heritage will create 700 permanent jobs and generate $8 million in annual property taxes, including $2 million to the town.

"I was surprised how quickly the users are stepping up," Berger said. "I thought originally this would be a 5-7 year lease up or sell out, and it could potentially be half of that."

Joining Berger on the panel were Peter Cordeau, president, Norwalk Hospital; Kenneth Kearney, founder and president, The Kearney Realty & Development Group of Carmel, N.Y.; Thomas Madden, Director of Economic Development, City of Stamford; and Mike Oates, President and CEO, Hudson Valley Economic Development Corp.

The panel agreed on the need for more housing options in the region. Cordeau also cited improved rail transport as a key challenge in luring talent. The hospital is a member of the Western Connecticut Health Network, which merged with Health Quest to form Nuvance Health and includes seven hospitals in the region. "We have 1,000 job openings within the Nuvance system," Cordeau said. "If we want to attract more talent to this area, we need to offer housing and access to more efficient transportation."

"We're going to see more investment in rail," McGee added. "Economic growth is tied to rail."

The program was presented by the Construction Institute/University of Hartford and the Society for Marketing Professionals New York-Westchester Hudson Valley Affiliate.

About EFG/Saber Heritage SC, LLC
EFG/Saber Heritage SC, LLC is a joint venture between Saber Real Estate North, LLC and EnviroFinance Group, LLC. Armonk-based Saber Real Estate North is a fully integrated real estate development company specializing in retail, residential and mixed-use projects. EnviroFinance Group is a national, premier land reuse and redevelopment company specializing in the adaptive reuse of former institutional and industrial properties.

SOURCE Saber Heritage SC, LLC

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.