Thomas Little, senior development director for Homes for America Holdings, says the project will involve 1,124 residential units, 40,000 sf of retail, 52,000 sf of office and 2,160 parking spaces in three garages. The firm is finalizing its project documents and intends to submit plans to the city soon.
He notes that the first phase of the project will involve the development of 94 "attainable" housing units and 356 parking spaces to be built by subsidiary Enclaves Group Inc.
Little says the firm is in negotiations with a number of architectural firms that specialize in green construction and plans to have the project certified with a LEED designation.
Homes for America first announced plans for the Point Street Landing project back in December. The site totals 30 acres, including 14 acres that are under water. The development will be built at the 16-acre former Phelps Dodge/BICC Cable property. The plan is geared to revitalizing the Alexander Street section of the city, west of the Metro North railroad tracks.
Little was a panelist in a roundtable program held on Thursday at the Hudson River Museum as part of the City of Yonkers' Annual Business Week program.
The project site was used for some time as a manufacturing facility for insulated cables that has required extensive environmental cleanup. A more than $32-million remediation of the contaminants, being paid for by the former owners, should be completed by mid-summer of this year, Little tells GlobeSt.com.
The Point Street Landing project will also involve the development of about six acres of parkland, including an esplanade along the edge of the Hudson River for public access as well as the rehabilitation of the Point Street Bridge.
In September, Homes for America Holdings moved into its new headquarters at Station Plaza, the first office building to be built in Downtown Yonkers in 70 years. Located at 86 Main St., Station Plaza is a 70,000-sf office building attached to a 600-space municipal parking garage.
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