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October 12, 2006

BAE Systems to leave Yonkers

The Journal News
By Jerry Gleeson

Here's the latest news about Bruce Ratner's controversial Ridge Hill development.

Defense electronics contractor BAE Systems said yesterday that it will close its Ridge Hill operation in Yonkers next year and move its staff of about 150 to a larger facility in Wayne, N.J.
...
The BAE lease expires sometime next year.

The office building is part of an 81-acre property that Brooklyn developer Forest City Ratner plans to convert for residential and retail use. The plan won zoning approval by the Yonkers City Council this past summer.

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Posted by lumi at October 12, 2006 6:57 AM