Goshen Plaza Development Team Receives Key Approvals

All-new Goshen Plaza

Unanimous vote lends more positive momentum to long-awaited plan for grocery store, new retail in village

GOSHEN, N.Y. (March 27, 2019) – On March 26, 2019, the Goshen Planning Board unanimously voted to give award-winning Hudson Valley Developer, Fareri Associates, LP, conditional site plan approval to move forward with its proposal for the new Goshen Plaza. The public hearing also included multiple speakers, all of whom spoke in favor of the project.

“We’d like to thank the Village of Goshen Planning Board for its confidence in, and enthusiasm for, this project, as well as the many community members we’ve met who share our team’s excitement over bringing this long-awaited project to life,” said Fareri Associates representative Neil DeLuca. “The supermarket Goshen has wanted is finally on its way, along with so much more this community is going to love.”

Fareri Associates’ plan includes a complete overhaul of the 13.7-acre property between Matthews St. and Clowes Ave. in Goshen, turning it into a revitalized retail hub for the community. The current 58,000 sq. ft. of underutilized retail space will be increased to more than 107,000 sq. ft., including two anchor stores, four additional retail-ready buildings and two retail-ready pad sites. The development team is already in negotiations with two anchor retailers, including a top brand supermarket and CVS pharmacy.

The current parking lot will be completely removed and replaced with a brand new one. New lighting, striping and signage will be installed. New entrances and exits will be on Matthews St. and Clowes Ave., with separate access points for deliveries and utility services. The plan also includes modernized utilities and a new stormwater collection system. All of this will be done without expanding the property’s current footprint. The completed Goshen Plaza is projected to increase the number of total jobs – including full- and part-time equivalents – at the site from its current 47 to 238.

Construction is expected to commence as soon as May or June of this year. Based on that date, Fareri Associates expects the grand opening of the CVS Pharmacy to happen in the winter of 2020 or spring 2021, and the grand opening of the new supermarket and completed plaza in fall or winter of 2021. The construction plan allows for the current CVS pharmacy to remain operational until the new one opens – a standalone CVS with drive-thru service. This was done to ensure no interruption of local prescription service to those community members who utilize the CVS for their health care needs.

Interest in the new spaces has already been brisk from varied retail suitors, and Fareri Associates has enlisted the services of Pyramid Brokerage Company to field those inquiries and identify tenants for the new Goshen Plaza. Pyramid Brokerage Company is part of the Cushman & Wakefield Alliance, a fully integrated extension of the C&W global platform. Pyramid Brokerage Company agent John Coladonato will be providing seller and landlord representation to fill the premium retail space. Interested retailers may contact Coladonato at (845) 787‐1378 or (845) 522‐5900, extension 121, or jcoladonato@pyramidbrokerage.com.

To stay up to date with the Goshen Plaza project, please visit www.goshenplazany.com. The website, which includes site plans, renderings and detailed site information, will be updated as the project progresses.

About Fareri Associates, LP
Fareri Associates, LP is a highly-regarded, well-established, developer, owner and manager of fine commercial and residential real estate in New York’s Hudson Valley and Fairfield County in Connecticut. The firm has financial depth and strength backed by a principal who is dedicated to the region, with the ability to launch and fund all stages of design and development. Fareri Associates boasts a reputation for creating high-end retail, hospitality, residential and other spaces by assembling extraordinary design and development teams that combine the firm’s own highly talented in-house executive staff with the region’s top professionals. Fareri Associates has elected to develop and serve only communities close to their home, and the positive relationships they enjoy with the towns and villages in which they work is well known. The firm serves its public partners with respect and a dedication to its commitment, and has a long history and successful experience in Public/Private partnerships. Fareri Associates’ hands-on design and management philosophy is evident in the renowned quality of the developments they pursue.

Pictured: A recent architect’s rendering of the new Goshen Plaza shows the proposed developments new frontage onto Matthews Street, overhauled parking lot and building configuration, all within the property’s current footprint.