Collins says he needs to talk to Westchester County, which ownsa neighboring property on some matters and will then submit plansto the city for what would be phase three of the Hudson Parkproject. He adds that he hopes to be able to begin construction onthe third phase within a year.

Hudson Park South, a $75-million, 266-unit development, wascompleted in 2003 and is now virtually 100% leased. The$125-million Hudson Park North or phase two broke ground in Sept.2006 and is now complete. The Hudson Park North developmentconsists of 294 rental units. Dwight Collins, vice president ofCollins Enterprises, says that in just 30 days of marketing theproperty, the firm has signed 43 leases.

"Today is a milestone event not only for our company but for theCity of Yonkers," Arthur Collins says. "The completion of HudsonPark is the realization of a dream that began more than 10 yearsago when we first began plans to turn a vacant industrial site intoa successful residential community."