Residential developers are cheering for Yonkers – with thousands of homes in the pipeline

Want a home near the Hudson River with beautiful water views? Meet Hudson Piers, a major riverfront development that begins leasing this fall in Yonkers.

Yes, that Yonkers — the Westchester town north of New York City borders on a reputation as a drive-thru kind of town, with a blue-collar past and not much presence. It’s becoming an even more attractive destination for renters looking for a new home, and New York-area developers are responding to the heat with thousands of units now in the pipeline.

Hudson Piers, a development by Extell — which was behind One57 and Central Park Tower on Manhattan’s Billionaires Row — will eventually number six buildings. The first two to be leased include 369 apartments and approximately 10,000 square feet of ground floor commercial space.

Homes at Hudson Piers will not shy away from high style. EQPT
Perks in the riverfront development include views of the Hudson. EQPT
Even the shared facilities at Hudson Piers will look stylish. Agency Ed

“Yonkers has been up and coming for a while,” Moshe Botnick, senior vice president of development at Extell, told The Post. “Now it’s ready to be the next city hall of New York.”

“There was a lot [development] activity, but ours is the largest undeveloped parcel,” he added of the company’s massive Hudson Piers project, right on the waterfront in downtown Yonkers.

Apartments there range from studios to three bedrooms. Pricing starts with 528 square meter studios from $2,500 per month; 662 square feet one bedroom from $2,950; 1,052 sq ft two-beds from $4,000; while the 1,285-square-foot three-bed tops the lot, starting at $4,950.

One aspect that attracts developers these days is the city administration’s desire to shape its downtown against a modern livable backdrop for the community and with riverfront access.

Hudson Piers will have six buildings in total. 3D Diamond Rendering
The amenity package also includes an outdoor pool. Agency Ed
There is also a gym by the river. Active solution

“The city has a great vision of what’s possible here,” Botnick said. “You have all this aquatic life. . . . Eventually there will be 1.5 miles of contiguous waterfront that will run past our buildings that are open to the public.”

Another developer, AMS Acquisitions, has many lots primed for new buildings currently under development. His completed projects include Trolley Lofts, an adaptive reuse building at 92 Main St. in Geti Square.

Among those new residential projects is the now-vacant site that once housed the historic Teutonia Hall on Buena Vista Street. It was built around 1891 as a social space for German immigrants, but fell into disuse in later years and was demolished. AMS bought it as vacant land and will build two apartment towers there, adding 906 apartments to downtown Yonkers.

AMS’s Chicken Island development at 20 Palisade Ave., another multi-building development, will bring 2,000 apartments to market. This is expected to explode in 2025.

Teutonia Hall will house 906 apartments. S9 architecture
Exterior view of the Trolley Lofts. Nathan Engel
Prices at Trolley Lofts start at $2,850 per month for a studio. Nathan Engel

Meanwhile, tenants on the move don’t need to wait for housing to become available. At Trolley Lofts, there are 40 apartments, most with 22-foot ceilings. Studios are about 900 square feet and start at $2,850 per month; one-bedrooms range from 1,250 to 1,500 square feet and start at $3,150 per month.

Built in 1903 by the Yonkers Railroad Company, the carriage barn, as it was known, served as a storage and maintenance facility as well as the company’s office. It is listed on the National Register of Historic Places and is the only surviving carriage barn in Westchester County.

The location puts residents steps away from the beautiful Beaux-Arts Yonkers station, designed by Grand Central Terminal architects Warren and Wetmore in 1911, which was renovated in 2021. Now part of Metro-North, trains carry passengers into Manhattan in about 30 minutes, which is a big driver for bringing in new residents who also want access to big-city life — or who commute to work in Manhattan. Or both.

“You have water views that are amazing and a train station right there,” Michael Mitnick, principal at AMS Acquisitions, told The Post. “The landscape leaves room for development and there are beautiful parks and a development-friendly administration.”

Yonkers is located north of The Bronx in Westchester County. AMS
The city’s train station serves Amtrak and Metro-North. JC Rice

Mitnick said the former discovery of the concrete-flow-covered Saw Mill River, a tributary of the Hudson River, has also brought an elemental vibrancy to the cityscape.

“It is adding beauty to the area, it is very picturesque,” he added.

AMS also built the Hudson Hub shared space downtown.

“All of this adds a lot of vibrancy to downtown,” Mitnick said. “This enables more business and more buyers. Yonkers’ Main Street was doing well, but now it’s going to have really vibrant retail.”

In addition, there are new art galleries, downtown arts programs, and a weekly farmers’ market in the grounds of Philipse Manor Hall, built in the 1600s on Warburton Avenue.

“What’s going to attract renters is the idea of ​​an attractive lifestyle, downtown and at home,” Botnick said. “We will offer the most extensive amenity package — something along the lines of luxury apartment buildings in New York City.”

Yonkers offers residents separation from the city but the convenience of commuting to Manhattan for work. Mark Vergari/The Journal News/USA TODAY NETWORK
A view of Yonkers from the Hudson River. Brian – stock.adobe.com

Amenities at the two completed Hudson Piers buildings that will hit the market this fall include 24-hour concierges, fitness centers with yoga and spin studios, private screening rooms, oceanfront lounges, business centers with conference rooms, game rooms interiors, games rooms, plus indoor parking and bike storage.

Outdoor amenities include landscaped terraces with fire pits, a saltwater pool complete with cabanas and grilling stations, a bocce court, a putting green and a dog park. Future phases of the project will add an indoor pool and an indoor basketball court.

“What we’re seeing in Yonkers is we’re attracting the tenant who wants the waterfront location, extensive amenities and a high level of finish,” Botnick said. “It’s really that combination.”

The views from Hudson Piers will be unmatched, he said. “You can see the George Washington Bridge and the Mario Cuomo Bridge to the north.”

However, it is the spectacular New Jersey Palisades across the Hudson that takes the top spot.

“Those high cliffs, covered with greenery in the spring and summer,” Botnick said. “Now with the arrival of autumn, the leaves are turning. It’s just beautiful.”

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Image Source : nypost.com

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