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attraction, a shining example of green infrastructure & a catalyst for future growth in the City’s downtown
waterfront area.
Other On-Going Public Investments:
Yonkers continues to invest public funds to foster growth. The City is currently replacing a portion of the
Hudson esplanade, originally constructed in 2003. Yonkers is designing a major rehabilitation of the City
Recreation Pier, the iconic centerpiece of the waterfront. The City will be conducting a streetscapes
program along Main & New Main Streets and the center of Getty Square. In terms of infrastructure, the
City has recently invested $7.2 million to upgrade water mains in the Elm St. & Ashburton corridors along
the eastern & northern edges of the DRI area respectively. At the northeast corner of the Chicken Island
property, the City has begun the construction of an $18 million new 4-bay fire headquarters. Yonkers has
partnered with the Yonkers Municipal Housing Authority & their designated developer, The Community
Builders, on a multi-phased $300 million redevelopment of the Cottage Place Gardens, the City’s oldest &
largest public housing complex on the northern edge of the DRI area. Yonkers has funded & continues to
fund a series of public art projects including sculptures, murals & an annual Yonkers Arts Weekend. Lastly,
Yonkers has invested $1.5 million on a highly successful marketing & advertising campaign known as
Generation Yonkers to attract young millennials to settle in the ‘Hippest Town’, as voted by the Journal
News.
Past and On-Going Private Investments: These extensive public investments have spurred more than
$1 billion in private investments, & includes the construction of 1,800 new apartments & with it thousands
of new downtown residents that contribute to the local economy. Paramount among these was Collins
Enterprises constructing the Hudson Park Apartments along the Hudson waterfront w/ Ph. 1 (266 units w/
1st floor retail & restaurants) that opened in 2003 & Ph. 2 (294 units) that opened in 2008. Inland at 66
Main St., Metro Partners constructed 177 units in a 10-story structure w/ 1
st
floor retail. This development
firm also renovated the former Trolley Barn into 40 loft apartments w/ high ceilings & service retail. L & M
Partners constructed 102 units of affordable housing at 49 North Broadway, while renovating the adjacent
row of historic buildings at 44-54 Warburton Avenue into 10 more units & 7 storefronts w/ the assistance
of an ESD grant. Other developments included the Library Lofts (former library adaptively reused for 22
units & retail), the Philipsburgh Building (28 renovated units) & 45 Hudson St. (24 units).
Transit-oriented development is continuing w/ four major residential developments currently under
construction or nearing completion with several others approved for construction or being proposed,
thereby continuing to transform the downtown. Collins Enterprises & Strategic Capital has been
constructing its $85M third & final phase of Hudson Park Apartments, a 230,000 sq. ft. 23-story building
w/ 222 additional units that just opened in May 2019. At the southern end of the Hudson esplanade, Mill
Creek Development invested $115M to create 600,000 sq. ft. of residential space within 324 units at Apex
Waterfront Apartments that was completed in 2018. At the iPark complex adjacent to the Saw Mill River
Daylighting Ph. 1, owners National Resources completed the 100 UNO micro units atop an existing loft
building, which created smaller more affordable spaces targeted to millennials. They are proposing to
create an additional 200 micro units. Several high tech & innovative companies have been attracted to
relocate to the iPark complex. Mere steps from the Yonkers station & along the southern edge of the Saw
Mill River Daylighting Park, RXR has & is currently constructing a $165M 440-unit Sawyer Place, a project
consisting of a 17-story tower (completed 2019) & a 25-story tower with 40,000 sq. ft. of 1
st
floor retail &
restaurants. (under construction). Avalon Bay is repurposing vacant properties & industrial buildings along
the northern waterfront to create 609 units of housing. Immediately adjacent to this and abutting the
DRI to the north, Extell Development has approvals to build 1,300 waterfront units. AMS Acquisitions
proposes to build a residential tower with a music venue south of the train station at Teutonia Hall, a
former German opera hall.
With the introduction of more units & thousands of new residents, there is & will continue to be a greater
demand to create service retail, restaurants & other businesses.
Future Investment:
Chicken Island Site Development: The key piece of the downtown revitalization effort is the vacant
Chicken Island parking lot located immediately east of City Hall. This 6 acre parcel is underutilized & ready
for redevelopment. Yonkers DRI proposal focuses on making this property a major catalyst for job growth
& community revitalization. To this end, the City has recently sold the property to AMS Acquisitions,
whose vision is to create a mega-project with a mix of uses that will rejuvenate the area & create jobs for
area residents. AMS plans to create an $800 million multi-phased project that will include diverse market
rate & affordable housing units, retail, restaurants, office space, public plaza spaces & structured parking.
This will create hundreds of construction & permanent jobs over the several years.