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YONKERS-The developer of the 294-unit Hudson Park North luxuryrental project under construction here has a new equity jointventure partner in the project--AIG Global Real Estate. CollinsEnterprises LLC of Stamford, CT says that New York City-based AIGGlobal Real Estate investment has committed to provide $24.5million in equity for the luxury rental project. In total, AIG hasnow invested more than $48 million in the two-phased Hudson Parkwaterfront project.

Officials with Collins Enterprises told GlobeSt.com back inOctober when the Hudson Park North project broke ground, that AIGhad acquired the equity interest in the first phase of thedevelopment--Hudson Park--from Simpson Housing LP of Denver. At thetime no specifics of that transaction were released. However, aCollins spokesman tells GlobeSt.com that AIG Global paid Simpson$24 million for the equity interest in the first phase.