Yonkers

Rendering of Point & Ravine Apartments in the Warburton Ravine Urban Renewal Area

Yonkers IDA Votes for $72 Million Development Project in Ravine Neighborhood

A block in the Warburton Ravine Urban Renewal Area of Yonkers will soon see a significant overhaul thanks to the Yonkers Industrial Development Agency (IDA). On September 4, the IDA gave preliminary approval of financial incentives for a $72 million development known as Point & Ravine Apartments, developed through a public partnership between the City of Yonkers and developer Conifer Realty LLC. Construction costs are estimated at $43.4 million and land acquisition at $8.24 million.

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Rendering of 57 Alexander Street - Rose Associates

Yonkers IDA Approves $177.3 Million in Construction Financing for 57 Alexander Street

Construction is expected to break ground soon at 57 Alexander Street, a 440-unit residential building in Yonkers, New York, following approvals for a major financing package valued at $177.3 million. The deal was approved by the Yonkers Industrial Development Agency, a public benefit corporation that provides business incentives to enhance economic growth in the City of Yonkers.

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