The City of Yonkers is on the cutting edge of one of the hottest trends in real estate – transit oriented development. For the second straight year, the City’s Department of Planning & Development showed off its most impressive transit oriented developments under construction by hosting an exclusive tour for brokers.
More than 30 commercial and residential brokers were on hand for the tour on June 16. The tour, sponsored by Ginsburg Development Companies, Collins Enterprises, National Resources and Simone Development Companies, included stops at the following sites:
- River Tides at Greystone, a 330-unit, 10-story luxury rental complex overlooking the Hudson River. The project, which is being developed by Ginsburg Development Companies, will have a direct walkway to the Greystone Metro-North train station.
- Hudson Park Club, the latest addition to the Hudson Park luxury rental complex. The 230,000-square-foot building features 213 studio, one- and two-bedroom apartments. It’s being developed by Collins Enterprises and is located just blocks from the Yonkers Metro-North station.
- UNO Micro Unit Apartments, a $15 million development project transforming Building 2 at iPark into 100 micro-unit apartments. Developed by National Resources, the project is a short walk to the Yonkers Metro-North station.
“Transit Oriented Development is a fast-growing trend in urban planning that is creating vibrant, livable and sustainable communities,” said Mayor Mike Spano, who welcomed the brokers after the tour at a cocktail reception at the Boyce Thompson Center, an 85,000-square-foot, mixed-use complex being developed by Simone Development Companies. “We are very pleased to have shared with the brokerage community these important transit oriented developments that are bringing new energy to downtown Yonkers.”