Yonkers IDA Approves Major Incentives Packages for Two Mixed-Income Residential Developments

Rendering of Horizon at Ridge Hill - Hudson at Ridge Hill LLCRendering of Horizon at Ridge Hill - Hudson at Ridge Hill LLC

The Yonkers Industrial Development Agency recently approved incentives for two new mixed-income residential properties.

The first, Horizon at Ridge Hill, is located at 601-701 Ridge Hill Boulevard and is the third residential tower within the Monarch at Ridge Hill. Designed by David Lawrence Mammina Architect, the 14-story building will house 180 rental apartments spread across 225,000 square feet. This includes seven studio apartments, 105 one-bedrooms, 64 two-bedrooms, and four three-bedroom floor plans. An adjoined amenities building will include a fitness center, a children’s playroom, a movie theater, and pool. Renderings show a modern design with floor-to-ceiling glass above a third-floor setback and numerous stacked balconies.

The developer of the project is Hudson at Ridge Hill LLC, whose parent company is Azorim, Israel’s largest development company. Estimated construction costs hover around $75 million.

Hudson Hill at 76 Locust Hill Avenue is the second project included in the IDA’s incentives approval and is expected to be one of the most sustainably designed affordable housing buildings in Yonkers. As part of the New York State Energy Research and Development Authority’s Building of Excellence Competition, project plans were presented by developer Westhab, Inc. and Amie Gross Architects, which was awarded $1 million to complete the building.

The award recognized the building’s highly sustainable design and the creation of 113 permanently affordable homes for families earning no more than 60 percent of the area median income. A portion of available units will be set aside for formerly homeless tenants made possible through funding from New York State’s Empire State Supportive Housing Initiative. The below illustration shows a traditional massing with warm cementitious walls interspersed with light gray stonework.

Perspective rendering of Hudson Hill - Courtesy of Amie Gross Architects

Perspective rendering of Hudson Hill – Courtesy of Amie Gross Architects

Diagram illustrates 36 key sustainable design components at Hudson Hill - Courtesy of Amie Gross Architects

Diagram illustrates 36 key sustainable design components at Hudson Hill – Courtesy of Amie Gross Architects

The building will eventually top out at six stories near the Hudson River waterfront and provide housing for up to 430 people. The mix of units will comprise studios and one- and two-bedroom accommodations.

Together the developments are expected to create 183 construction jobs.

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1 Comment on "Yonkers IDA Approves Major Incentives Packages for Two Mixed-Income Residential Developments"

  1. lorraine givens | August 29, 2021 at 9:27 am | Reply

    Yes yes i like it how can i get an application to one of these beautiful appartment. Thank you

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