ARDSLEY, N.Y. -- BioMed Realty Trust finalized the agreement to take over unused and vacant buildings on Old Saw Mill River Road on Thursday. The Ardsley Town Board approved a resolution earlier this month to allow BioMed to purchase the vacant buildings, which is predicted to bring more jobs to the area.
BioMed already owns the Landmark at Eastview in Greenburgh, but has decided to purchase the empty buildings in Ardsely as well. With the purchase, BioMed will add approximately 400,000 square feet of laboratory and office space. The news is encouraging for Ardsley residents as the vacant buildings will become an asset to the town once again.
"It basically generates momentum," said Ardsley Town Supervisor Paul Feiner. "[It] makes people feel better about the town."
BioMed's purchase will also add a great number of jobs with the potential for even further expansion in the future.
"[Jobs are] definitely going to be in the hundreds, but as the Biotech company expands, it could be more," Feiner said.
BioMed Realty is expected to lease about 130,000 square feet of space to Acorda Therapeutics Inc., according to Feiner. Acorda develops and sells drugs that improve neurological functions in people who have multiple sclerosis, spinal cord injury and other nervous-system disorders, Feiner said in a recent press release. BioMed's operations are expected to improve more than just the number of jobs in Ardsley.
"When you have more Biotech companies around I think that people are going to be more likely to buy homes that are for sale," Feiner said. "The communities of Greenburgh and Ardsley will benefit from more activity."
Feiner called the BioMed purchase "fantastic economic development" for Ardsley and surrounding areas.
What do you think about BioMed purchasing more buildings in Ardsley? Do you think the space should have been used differently? Let us know below in the comments section or on our Facebook page or Twitter .
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