The Yonkers Industrial Development Agency has granted preliminary approval for financial incentives for Teutonia Hall, a $458 million mixed-use residential complex featuring two 41-story towers at 4 Buena Vista Avenue in Yonkers.
This two-phase project, overseen by AMS Acquisitions, will encompass a total of 906 apartments, with 91 designated for affordable housing, as well as 2,900 square feet of street-level commercial space. The lower six stories of the building will house a parking facility with approximately 907 parking spaces, designed to emulate the original Teutonia Hall building’s façade.
Phase one of the development will see the construction of the first residential tower and two-thirds of the parking podium. This phase aims to deliver 510 units, amenity and support spaces, 544 parking spaces, and around 2,200 square feet of retail space. Construction is planned to commence in September 2024, with completion expected by December 2027.
Phase two will involve the construction of the second residential tower and the remaining one-third of the parking podium, resulting in 396 units, amenity and support spaces, 363 parking spaces, and roughly 700 square feet of retail space. Construction for phase two is scheduled to begin in December 2028, with completion anticipated in December 2031.
The project is estimated to generate 1,100 construction jobs across both phases. AMS Acquisitions has requested financial incentives amounting to $12.9 million in sales tax exemptions and $4.4 million in mortgage recording tax exemptions for the project.
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one parking space per unit??? really?? clearly yonkers is not taking the climate crisis seriously
Really should be 1.5 to average out those who have 2 and 3 cars versus those that have 0 to 1.
Infrastructure for vehicle charging must be provided.
Haven’t you heard, hybrid is making a comeback as a much more practical and environmentally friendly alterative to an EV. A hybrid has far less of those toxic batteries but delivers good fuel economy and best of all… No plug in infrastructure required!
Also: No combustion heating or cooking ! Most economical would be HVAC via heat-pump exchange with Hudson river water.
Obviously: As much PV coverage as possible.
And admittingly utopic; full weather station on roof with a combined observatory for celestial, solar, and storm watch.
Come on, Yonkers. Nearly a thousand new cars clogging streets and pumping pollution into your citizen’s lungs? How is this responsible leadership. We are in a new century and the old ways have failed us. Do you really think people won’t live here in a housing crisis without an expensive parking space for every apartment?