Titan Real Estate Development recently received preliminary approval for financial incentives from the Yonkers IDA to support the construction of a $117.7 million residential development in Yonkers. The project, called Park Square, will be located on a vacant 3.88-acre site bounded by St. Joseph Place, Cavalli Circle, and Vineyard Avenue.
The Yonkers Industrial Development Agency has granted preliminary approval for financial incentives supporting three new mixed-use developments, representing a total private investment of approximately $463.5 million. Among these projects is AMS Acquisitions‘ $306.7 million development at 18 North Broadway in Yonkers. The project will consist of two 25-story residential towers.
On Monday Mayor Eric Adams and New York City Department of City Planning director and City Planning Commission chair Dan Garodnick announced the launch of “Green Fast Track,” an environmental review process aimed at accelerating the approval process for small- and medium-sized housing projects. The initiative is part of the administration’s “Get Stuff Built” plan, which seeks to cut red tape and streamline processes to increase housing availability.
The New York City Landmark Preservation Commission has announced the launch of the organization’s new Climate Resiliency Initiative, a sustainability effort aimed at protecting the city’s waterfront historic properties from climate-related weather events. The initiative, funded by a $500,000 multi-year hazard mitigation grant from the Federal Emergency Management Agency through the NYC Emergency Management Department, will focus on identifying and investing in vulnerable historic properties in the city’s flood zones.
New York City Mayor Eric Adams and senior administration officials recently celebrated the groundbreaking for the Marlboro Agricultural Education Center at 2800 86th Street in Gravesend, Brooklyn. The 9,900-square-foot center was designed by Studio Gang Architects and is being built by Consigli Construction Company, Inc. It is expected to cost approximately $18.2 million to build and will be completed in 2025.
