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YONKERS, NY – The joint-venture partnership of Nuveen Real Estate, Taconic Partners and North American Properties has acquired the mixed-use lifestyle center, Ridge Hill, in Yonkers, NY for $220 million. The companies plan to rebrand and transform the property into a preeminent outdoor lifestyle center.

Renovation plans for the 74-acre, 1.2 million-square-foot complex are still under development, however, the partnership plans to incorporate state-of-the-art initiatives to enhance the property’s public spaces, street design and parking amenities. The companies additionally plan to attract local and New York City-inspired food and beverage concepts, as well as national luxury apparel and boutique fitness providers.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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