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[NYguy]

https://nypost.com/2024/10/22/real-estat...esidential-development/?dicbo=v2-9E3UQYa

Residential developers are going bonkers for Yonkers — with thousands of homes in the pipeline


By Linda Laban
Oct. 22, 2024

Fancy a home by the Hudson River with beautiful water views? Meet Hudson Piers, a large development by the river, which begins leasing this fall in Yonkers.

Yes, that Yonkers — the Westchester city just north of New York City limits, with a reputation as a drive-through kind of town, with a blue-collar past and not much presence. It’s becoming an even more attractive destination for renters on the hunt 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 from Extell — who 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 roughly 10,000 square feet of ground-floor commercial space.

“Yonkers has been up and coming for a while,” Moshe Botnick, senior vice president of development at Extell, told The Post. “It’s now poised to be the next New York borough.”

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

“The city has a great vision for what’s possible here,” Botnick said. “You have all this waterfront living … There will eventually be 1.5 miles of contiguous waterfront promenade running by our buildings that’s open to the public.”

Another developer, AMS Acquisitions, has multiple lots primed for new buildings that are currently in development. Its completed projects include the Trolley Lofts, an adaptive-reuse building at 92 Main St. in Getty Square.

Among those new residential projects is the now-empty site where the historic Teutonia Hall once stood on Buena Vista Street. That 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 a vacant lot and will build two apartment towers there, adding 906 apartments to Yonkers’ downtown.

AMS’s Chicken Island development at 20 Palisade Ave., another multiple-building development, will bring 2,000 apartments to the market. That’s expected to break ground in 2025.