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.
Ridge Hill was originally developed in 2011 and it is currently tenanted by various local and national retailers, including Apple, Banana Republic, Sephora, H&M, the Container Store, Uniqlo, LEGOLAND Discovery Center, National Amusements Showcase Cinema de Lux, Whole Foods, LA Fitness and more.
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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.
