Extell Development has broken ground on Hudson Piers, a $585 million project that will rank among the largest mixed-use developments in Westchester. Located on the Hudson River waterfront in Yonkers, Hudson Piers will yield a mix of market-rate housing, affordable apartments, and retail space, and will be completed in multiple phases over a six-year period.
The 17.4-acre development will improve a large swath of land along the Hudson riverfront facing Alexander Street, Water Grant Street, and Babcock Place. The property is located close to the Yonkers Metro-North station with direct access to Grand Central Terminal in Manhattan.
“Extell’s Hudson Piers will be one of the most transformative developments along the Yonkers waterfront,” said Yonkers mayor Mike Spano. “It will cap off the extraordinary momentum seen in recent years that’s spurred unprecedented investment in our city. I look forward to welcoming more families, businesses, and jobs to Yonkers on the River and fulfilling our truest potential.”
Designed by Perkins Eastman, Hudson Piers will comprise 870,000 square feet of residential space spread across six seven-story buildings. Available homes will range from studios up to three-bedroom floor plans, all equipped with washer and dryers, designer fixtures and appliances, and private terraces for select units.
Outdoor amenities include waterfront recreation terraces with hammocks, fire pits, grilling stations, sundecks, billiard tables, putting greens, bocce courts, and an open-air swimming pool. Indoor amenities will include multiple fitness centers, lounges, playrooms, a catering kitchen, a basketball gym, a screening room, a game room, recreational rooms for teenagers, and a business and conference center. Each building will also have its own package, storage, and bicycle room.
Residents will have access to shuttle services going to and from the Yonkers Metro-North train station, 1,028 covered parking spaces on the first two floors of the main buildings, and an additional 212 surface-level spaces. In total, there will be 1,240 parking spaces.
Additional components will include 37,000 square feet of ground-floor retail space.
“We are proud to be a part of the incredible redevelopment which has turned Yonkers into the fastest growing big city in New York State under mayor Mike Spano,” said Gary Barnett, founder and chairman of Extell Development Company. “Hudson Piers will introduce a significant supply of new luxury and affordable housing to Yonkers and will bring the Extell quality of construction complemented by an unmatched array of lifestyle amenities to the city’s waterfront.”
As part of the Hudson Piers project, 1.5 acres of new public parkland will be created, as well as a 1.5-mile-long esplanade extension that will adjoin to the existing public waterfront promenade.Extell worked closely with the City of Yonkers and the Yonkers Industrial Development Agency to provide the Hudson Piers project with a 20-year PILOT and a 100-percent abatement on taxes for improvements. The development is expected to create roughly 200 permanent jobs and 450 to 500 construction jobs.
To date, it is the largest residential project to receive financial incentives from the Yonkers IDA.