West 062413

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YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

June 24, 2013 | VOL. 49, No. 25

regioN braceS for imPact of ibm layoffS

INSIDE

BY CRYSTAL KANG ckang@westfairinc.com

ALIEN JUSTICE• 2

W

ith at least 800 IBM Corp. employees in the Hudson Valley region notified last week that they will lose their jobs, community leaders are mobilizing in an attempt to soften the blow on the area economy. IBM employees in Dutchess County started receiving layoff notices on June 12, when the computer technologies giant told the state Department of Labor that 697 employees will lose their jobs in that county. A total of 369 workers will be let go from the East Fishkill plant and 328 from IBM’s Poughkeepsie facility. In Westchester County, the exact number of employees who will be affected at IBM headquarters in Armonk is unclear, though reportedly at least 100 workers have received notices. IBM has not officially notified the state of any impending layoffs in Westchester. As of June 19, IBM had distributed 2,390 pink slips in North America, according to Alliance@ IBM, a national group of union employees at IBM affiliated with Communications Workers of

MOVING THE FIRM • 13

@

John Myers

IBM, page 6

Irish partners end a quarter-century building drought in Larchmont BY JoHN GoLdeN jgolden@westfairinc.com

AN IRISH TEAM OF DEVELOPERS has begun construction of a luxury condominium building on a Larchmont site that was unloaded by another developer thwarted in its decade-old plan to build a rental apartment complex there. The Cambium, a 149-unit, seven-story residence at 10 Byron Place, is rising on a 1.5-acre site that adjoins the Larchmont-Mamaroneck Maxwell Avenue recycling center and a New York Sports Club. The razed site formerly housed a lumber yard and three single-family homes.

John Myers, principal of Ceres Realty Group in Katonah, said the approximately $70 million project is the first multifamily development to be built in Larchmont since the 1980s. It is a short walk from the village’s Metro-North Railroad station and near a cluster of condominium and co-op apartment buildings built as part of the village’s master plan for residential development near the commuter train station. “This is the final piece of that master plan,” said Myers, who has opened a Cambium sales gallery at 1921 Palmer Ave. in Larchmont. “Everything else is built over there.” Irish, page 6

MAKING IT YOUNG • 31


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