56 Prospect Street

The Yonkers Industrial Development Agency has granted final approvals for a seven-story rental building at 56 Prospect Street. The incentives package is valued at $32.6 million and is awarded to Regency Apartment Ventures, LLC, the Long Island-based developer responsible for the project.

The Yonkers Industrial Development Agency has preliminarily approved financial incentives to facilitate the construction of a new $32.6 million rental property. Located at 56 Prospect Street, the seven-story building will contain 126 apartments and associated amenity spaces.