The Yonkers Industrial Development Agency recently finalized its approval for financial incentives to support the construction of Teutonia Hall, a residential development consisting of two 41-story towers at 4 Buena Vista Avenue in Yonkers. Designed by S9 Architecture and developed by AMS Acquisitions, the $458 million project will yield 906 residential units, with 91 reserved for affordable housing, as well as 2,900 square feet of ground-floor retail space and a 907-vehicle parking garage within the six-story podium at the base of the towers.
Rendering of Teutonia Hall looking north from Hudson River, by S9 Architecture
AMS Acquisitions was granted financial incentives including $12,924,830 in sales tax exemptions and $4,549,646 in mortgage recording tax exemptions. The project is expected to generate 1,100 construction jobs and produce $2.35 in benefits for every dollar of incentives provided through its duration.
Construction for Teutonia Hall is planned to proceed in two phases, with work beginning in September 2024. The first phase plans to wrap up by December 2027, and the second phase is expected to conclude in December 2031.
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It will be a long time before the project plan can begin, financial incentives approved so who wouldn’t care? Thanks.
Hey Yonkers, building an expensive car space for every new unit isn’t the future, but the dirty, congested past.
It’s time to evolve.
We have this problem on Long Island too. There is a 7 story 5 over 1 going up next to the Lynbrook train station, but the first two floors are a parking garage holding 200 spots.
1 parking spot per home is a shift in the right direction for Younkers where most families already have more than 1 car. Transit there still isn’t to the level necessary for most families to live comfortably car-free, but as it moves towards better transit, hopefully this developer is looking to the future and building a garage that is capable of being repurposed if parking demand decreases.
And the richer get richer & the poorly get more poorly. Can you dig it?
The parking requirements are bad, but these apartments are a big step forward for Yonkers. Glad to see the city take advantage of its transit-connections.