Gyrodyne's Cortlandt Manor property rezoned as Medical Oriented District; sale planned

Gyrodyne, LLC

Town Board unanimously adopted SEQRA findings and approved MOD local law on March 20, 2023.
Gyrodyne receives MOD campus designation for 154,000 sq ft (150k medical, 4k retail) on 12.61 acres.
Company intends to sell the property with MOD designation, not develop it.
Law effective upon filing with NY Secretary of State, expected by April 9, 2023.
MOD allows up to 150,000 sq ft medical office, 4,000 sq ft retail, and structured parking.

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