From the special Westchester issue: Strategic Capital could have spent its money anywhere. But executives at the firm, the American arm of a Chinese state-owned company, bet on Yonkers — investing in a partially completed waterfront site.
The company — the real estate investment arm of China Construction America, one of the world’s biggest construction and real estate giants — will invest $270 million over three years on the once-stalled 16-acre mixed-use development called Hudson Park, which sits between the Hudson River and the Yonkers Metro-North station. A 213-unit residential tower slated to open in early 2018 will be the final touch on the project.[more]
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