One of the largest mixed-use projects in Westchester is taking shape on the Hudson River shoreline in Yonkers. Hudson Piers is a $585 million, multiphase complex that promises to continue the city’s revitalization of its waterfront. Photo by John Vecchiolla
Yonkers is getting another major makeover in the form of Hudson Piers, a mixed-use development that includes residential and retail space.
As another element in the ongoing Yonkers revitalization, big changes are on the horizon for the waterfront. What will be one of the largest mixed-use projects in the Westchester area is already taking shape right on the city’s Hudson River shoreline.
Created by the Manhattan-based Extell Development Company, Hudson Piers officially broke ground on May 5 of this year. When completed, the $585 million, multiphase complex will include approximately 1,400 luxury and affordable apartments, retail space, and a new riverfront esplanade with exquisite views of the Hudson River, across to the Palisades.
The project, which will be developed in three phases over a six-year period, is expected to create 200 permanent jobs and 450 to 500 construction jobs. The 17.4-acre property previously sat as an unutilized piece of the Yonkers Hudson riverfront along Alexander Street, Water Grant Street, and Babcock Place. Consisting of approximately 870,000 rentable square feet of residential space across six, seven-story buildings, with more than 37,000 rentable square feet of ground-floor retail space, Hudson Piers will offer a mix of studio units to three-bedroom residences.
As part of the Hudson Piers development, 1.5 acres of new public park space will be created, as well as a 1.5-mile-long esplanade extension that will connect to the existing public waterfront area, creating greater access to green space for the greater Yonkers community. Project plans also call for the construction of a new, elevated roadway, to be named Riverside Drive, which will be deeded back to the city.
When completed, the $585 million, multiphase complex will include approximately 1,400 luxury and affordable apartments, retail space, and a new riverfront esplanade with exquisite views of the Hudson River, across to the Palisades.
With aid from the Yonkers Industrial Development Agency, Extell was provided a 20-year PILOT agreement and a 100% abatement on taxes for improvements, making it the largest residential project to receive financial incentives from the city.