Sleepy Hollow, New York, the village known as the inspiration for Washington Irving's famous Legend of Sleepy Hollow, is not quite so sleepy this fall as several milestones have been reached at Edge-on-Hudson, the transit-oriented, mixed-use development transforming a former General Motors site along the Hudson River.

Home construction is underway, as Toll Brothers (NYSE: TOL) has started work on its Brownstones collection of luxury townhomes. In addition, home sales are set to commence, with the on-site sales gallery scheduled to open in the coming weeks.

At the same time, the master developers of the project, a joint venture of California-based SunCal and New Jersey-based Diversified Realty Advisors, have begun infrastructure work on Phase 2 of the ambitious $1 billion development, set to establish a regional destination and gateway to the Hudson Valley.

Toll Brothers Brownstones Collection at Edge-on-Hudson.
Hand-out Toll Brothers Brownstones Collection at Edge-on-Hudson.

Edge-on-Hudson will encompass 1,177 units of housing; a 140-room boutique hotel; 135,000 square feet of retail space and 30,000 square feet of office space. The project will also feature more than 16 acres of parkland, and a winding promenade along the water linking to the existing Scenic Hudson RiverWalk to the south and Kingsland Point Park to the north, with links to Rockefeller State Park and beyond. In Phase 1 of the project, Toll Brothers is planning to build as many as 306 units of housing, including 40 affordable senior units and 21 affordable workforce housing units.

Edge-on-Hudson is the largest undeveloped tract of land along the Hudson River in proximity to New York City and is set within walking distance of two nearby Metro-North railroad stations with direct access to Grand Central Terminal in Manhattan. When the final landscaped promenade is completed at Edge-on-Hudson, it is anticipated that biking and walking trail connections will be available to the shared use path of the new Mario M. Cuomo (Tappan Zee) Bridge.

Toll Brothers is constructing 46 condo flats with 1-, 2-, and 3-bedroom residences ranging from 800 to 1,800 square feet. The Brownstones Collection will feature 3- and 4-story townhomes with large rooftop terraces, and 72 townhomes with up to 2,900 square feet will be available.