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"I know many residents are concerned about the recent report that Whole Foods Is closing some stores, and any potential impact on Chappaqua Crossing ("CC"). To date, Whole Foods ("WF") is still committed to this project. Summit Greenfield ("SG") has asked WF for three extensions. They've all been granted."
Whole Foods, which is a publicly traded company, announced in its recent quarterly earnings report that it will be closing nine stores and two of its commissary kitchens.
The project has stalled since the town and Summit/Greenfield held a groundbreaking at Chappaqua Crossing last March. Greenstein has cited the causes as being a hangup with the New York City Department of Environmental Protection (DEP), which declined to give its approval to reconfigure the intersection of nearby Route 117 and Roaring Brook Road into a roundabout. As a result, Greenstein has noted, both sides has decided to instead proceed with modifying the existing T-shaped intersection, which the DEP still needs to approve.
"SG is currently waiting on NYC DEP. They have everything requested and SG hopes to have a permit issued within weeks," Greenstein wrote. "After that, everything will be in the hands of our building department for the prompt issuance of their building permit. With permits in hand, SG would then have their closing for financing. If WF walked, SG would have to disclose that fact to its lenders. We would know, for sure."
Whole Foods will serve as the anchor tenant of a 120,000-square-foot retail development at Chappaqua Crossing, which is the former Reader's Digest site. Affordable housing is slated for the historic cupola building, while Summit/Greenfield will subsequently seek approval from the New Castle Planning Board for its proposal to build 91 townhouses on the campus' eastern side.
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