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Westchester's Ridge Hill Still On, Despite No Saks Fifth Ave

Forest City Enterprises Continues Construction of Yonkers Lifestyle Center
By Sasha M Pardy
March 4, 2010 | 6:45 P.M.

Saks Fifth Avenue notified Forest City Enterprises, Inc. (NYSE: FCE.A and FCE.B) that it would no longer open a store at the developer's Westchester Ridge Hill project, which is under construction in Yonkers, NY. Forest City originally announced that Saks would open an 80,000-square-foot store at the center in May 2009. Forest City said that while Saks' pullout is a disappointment, the news would not affect the company's delivery of the project -- it expects to announce additional tenants joining the roster in the coming months.

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