The assets are sold through the human non-profit organization, Rising Ground, which restructures its operations in 3 states and aims to use the product of the sale to ensure its “long-term monetary viability and position ourselves in the future”. Matt Del Percio, chairman of the board of directors of Rising Ground.
Rising Ground intends to move those systems to sites in New York and Westchester.
The site, 30 minutes from Manhattan in the Northern Metropolitan Domain, supports 1,400 residential sets on the right and 1. 3 million square feet of development It is ideal for a large-scale residential network for public transportation and can generate only $60 million north for Rising Ground.