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Rivertowns Square, the sprawling development off the Saw Mill River Parkway in Dobbs Ferry, has a new owner.
The site's developer, Saber Dobbs Ferry LLC, sold the 450,000-square-foot property to Regency Centers for $69 million.
"We're very proud of this new mixed-use community we created and the quality of the development," Martin Berger, co-developer of Rivertowns Square, said in a statement. "It will surely season well over the long term as it's truly a center that was designed and developed to meet the needs and desires of how people will live in the future and has become the model for Saber's next two developments."
The purchase of Rivertowns Square marks the first property acquisition in Westchester for Regency Centers, a Jacksonville, Florida-based owner, operator and developer of...