Yonkers

Rendering of The Abbey On The Park, courtesy of the Kearney Realty & Development Group

Yonkers IDA Approves The Abbey On The Park Affordable Development at 21-23 Park Avenue In Yonkers

The Yonkers IDA has voted preliminary approval for The Abbey on the Park, a new affordable housing development in Yonkers. The Abbey on the Park will consist of two existing historic buildings, the Ethan Flagg House and the Blessed Sacrament Monastery, in addition to one new building. The project, which is being led by the Kearney Realty & Development Group, will be located at 21-23 Park Avenue in Yonkers.

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Rendering of 632-636 South Broadway, courtesy of Thompson & Bender

Yonkers IDA Preliminarily Approves Incentives For The Parker at 632-636 South Broadway in Yonkers

The Yonkers IDA has issued preliminary approval for financial incentives for The Parker, a 16-story affordable housing project at 632-636 South Broadway in Yonkers. The $116.2 million project is part of a $174.5 million investment initiative that includes another affordable development, The Abbey on the Park, which will be located at 21-23 Park Avenue. Collectively, both projects are expected to create 410 construction jobs and add 242 new residential units to the local market.

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Rendering of Teutonia Hall, by S9 Architecture

Financial Incentives Approved For 906-Unit Teutonia Hall at 4 Buena Vista Avenue In Yonkers

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.

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Render of Warburton Avenue Apartments, courtesy of Thompson & Bender

Yonkers IDA Approves Incentives For Senior Housing Building at 322 Warburton Avenue in Warburton-Ravine

The Yonkers Industrial Development Agency has given its final approval for financial incentives to support the construction of Warburton Avenue Apartments, a six-story senior affordable housing building at 322 Warburton Avenue in Warburton-Ravine, Yonkers. Developed in collaboration by local non-profit the Center for Urban Rehabilitation and Empowerment Inc., Conifer Realty LLC, and the City of Yonkers, the $53.3 million project will yield 93 units affordable senior housing units. The property is located at the intersection of Warburton Avenue and Point Street.

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