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Health & Fitness

Long Island story: The Cerro Wire development saga comes to a close!

Simon Property Group out-dueled Taubman Centers, Inc. in the Cerro Wire development saga centered in Syosset, New York that has stretched out over many years and cost Taubman quite a bit of money!

Hotly contested by the community from the start Simon Property, owner of such locations as the Roosevelt Field Mall, foiled the attempt of Taubman Centers to bring an upscale mall to a former industrial property located just north of the Long Island Expressway in Syosset.

Simon Property had recently purchased a parcel adjacent to the Cerro Wire land from the Town of Oyster Bay and has now completed the purchase of the Cerro land from Taubman promising to bring a mixed-use development to the property.

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The President of the Cerro Wire Coalition which had long fought Simon had this to say about the sale: ‘We look forward to working with the new owner to redevelop the property with an alternate development concept that is supported by the community and the town.’

Read more at The Hallmark Abstract Sentinel here.

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