Yonkers

Ridge Hill Retail Center, via JLL.

$198.5M Financing Arranged for Ridge Hill Retail Center In Yonkers, Westchester County

JLL Capital Markets has secured $198.5 million in financing for Ridge Hill, a 1.2-million-square-foot open-air retail and entertainment complex in Yonkers, Westchester County. The financing was arranged on behalf of the borrower, a joint venture comprising Taconic Partners, Nuveen Real Estate, Jamestown, and a public pension plan. Blackstone Real Estate Debt Strategies provided the loan, which will be used to retire existing debt and support future leasing initiatives.

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

Construction Approved For The Parker at 632-636 South Broadway in Yonkers, New York

Construction was recently approved for The Parker, a 16-story all-affordable residential building at 632-636 South Broadway in Yonkers, New York. Designed by GLUCK+ and Liza H. Fogliano, and developed by MacQuesten Development, the structure will yield 160 units, ground-floor retail space, and 146 enclosed parking spaces. The property is located at the corner of South Broadway and Caryl Avenue, directly to the north of Caryl Field.

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325-337 South Broadway. Designed by SLCE Architects.

Renderings Revealed for 325–337 South Broadway in Yonkers, Westchester County

New renderings have been released for 325–337 South Broadway, an eight-story mixed-use building in Yonkers, Westchester County. Designed by SLCE Architects and developed by Urban Builders Collaborative, the 85-foot-tall structure will yield 181 affordable apartments in studio to three-bedroom layouts. The project will also include 7,940 square feet of commercial space for a U.S. Post Office and a five-story, 350-vehicle parking garage. The property spans three abutting interior lots between Ludlow Street to the north and Morris Street to the south.

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Aerial photograph of Willow at the Ridgeway, via theridgewaycommunities.com

Construction Begins On Willow At The Ridgeway In Yonkers

Construction has begun on Willow at The Ridgeway, an eight-story, all-electric residential building in Yonkers. The project is a collaboration between The Community Builders and the Mulford Corporation, a nonprofit affiliate of the Yonkers Housing Authority. Designed to serve low-income seniors, the building will feature 92 affordable apartments supported by Section 8 project-based vouchers. It replaces three vacant public housing buildings and is the final phase of a decade-long redevelopment of the former Cottage Place Gardens campus.

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