search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aSterling Bay lists more properties near stalled Lincoln YardsSterling Bay lists more properties near stalled Lincoln YardsHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraud
New York

Extell secures tax breaks for $502M Yonkers riverfront development

Sign Up for the undefined Newsletter

Extell Development Co. has snagged more than $21 million in tax breaks from the Yonkers Industrial Development Agency for a project along the riverfront in Yonkers, the Westchester County Business Journal reported. The incentives package comprises “$15.4 million in sales and use tax exemptions and $5.9 million in mortgage recording tax exemptions,” according to the outlet. The $502 million project will contain six buildings, 1,395 apartment units — including market rate and affordable units — and 51,800 square feet of commercial space. [WBJ]

Tags
Westchester & Fairfield