The Real Deal New York

Proposed housing complex in Yonkers could restore blighted area, developer says

July 26, 2018 12:40PM

A developer hopes to turn a vacant office building in Yonkers into a 90-unit housing complex, LoHud reported. Hudson Blue Yonkers LLC, based in Mineola, plans to snap up the property on Ashburton Avenue and it has applied for a number of tax breaks, according to the outlet. The project, estimated to cost $18.5 million, will be good for the area, the developer stated in its application. “The additional 100 + residents will now shop the retail commercial section of Ashburton Avenue,” it said. “This will provide the opportunity for new business to enhance and occupy the numerous vacant storefronts located just across from the subject property.” The Yonkers Industrial Development Agency is expected to vote on the project this week. [LoHud]