Posted Dec 17, 2016, 2:29 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 47,056
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YONKERS | Sawyer Place | FT | 25 + 17 FLOORS
RXR Realty, Rising Development break ground on Larkin Plaza in Yonkers
Quote:
A ceremonial groundbreaking was held today at Larkin Plaza, a $190 million mixed-use development project in downtown Yonkers.
Situated on the south side of the city’s 4-year-old Van der Donck Park and Saw Mill River walkway, Larkin Plaza is a joint venture of Yonkers-based Rising Development and RXR Realty LLC, the Long Island-based real estate company and longtime commercial office landlord in Westchester.
Demolition work on the site began this summer and vertical construction is set to begin immediately. The plaza, which is a public-private partnership between the development companies and the city, is expected to be completed in the fourth quarter of 2018.
“What’s great about Larkin Plaza is that it’s precisely the type of development we need in Yonkers to meet the growing demand of people who want to live here,” Yonkers Mayor Mike Spano said.
Once completed, Larkin Plaza will include a 25-story building with 280 residential units and a 17-story, 159-unit building. A separate two-story building along Van der Donck Park will hold most of the complex’s 35,000 square feet of restaurant and retail space. The development will also include a three-story parking garage with the capacity to hold 539 vehicles.
Scott Rechler, chairman and CEO of RXR Realty, said the development will provide a top-quality alternative to the high-priced housing in New York City, while creating jobs, services and tax revenue for residents of Yonkers.
“This really is a remarkable place,” Rechler said of Yonkers. “It has all the ingredients that you want to see to really make it a 21st century city.”
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http://westfaironline.com/84142/rxr-...za-in-yonkers/
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