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Yonkers Industrial Development Agency

Real Estate
Officials Approve $458M Mixed-Use Residential Towers In Yonkers With Affordable Units Officials Approve $458M Mixed-Use Residential Towers In Yonkers With Affordable Units
Officials Approve $458M Mixed-Use Residential Towers In Yonkers With Affordable Units City officials in Westchester have approved financial incentives for a $458 million mixed-use residential complex that will include several affordable apartments within its two towers.  Financial incentives for the Teutonia Hall project, a mixed-use residential complex planned to feature two luxury 41-story towers in Yonkers at 4 Buena Vista Ave., were approved by the Yonkers Industrial Development Agency on Thursday, Feb. 29.  The project, which will be constructed in two phases, will include a total of 906 apartments, 91 of which will be affordable. Additionally, the comple…

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by Ben Crnic
Real Estate
Nearly $400M In Residential Developments Proposed For Yonkers Projects Nearly $400M In Residential Developments Proposed For Yonkers Projects
Nearly $400M In Residential Developments Proposed For Yonkers Projects A trio of developments have been approved by officials in Yonkers totaling nearly $400 million. The Yonkers Industrial Development Agency (IDA) approved resolutions that will provide financial incentives for three extensive residential projects in the city that represent an investment of an estimated $391 million. It is further estimated that the projects will create 1,300 construction jobs and add nearly 1,000 residential units in Yonkers. At the center of the development plan is Ludlow Point, a $199.7 million investment that is part of the new Ludlow Station Area Master Plan. According to…

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by Zak Failla