Developers to Westchester: Invest in infrastructure, culture
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Developers to Westchester: Invest in infrastructure, culture

09 Mar Developers to Westchester: Invest in infrastructure, culture

Posted at 20:50h in Residential by

Read the full article: Westfair Online
March 9, 2017
By Aleesia Forni

Modera-Hudson

“We want to do business in towns and cities that want us to be there. And they want to see their town or their city grow and develop kind of like a Brooklyn or a Hoboken,” said Anthony Vulpi, vice president of development for Mill Creek Residential Northeast Division, which is in the midst of constructing Modera Hudson Riverfront, a 324-unit apartment complex in Yonkers.
“Yonkers definitely fit that bill,” he said.

The 572,500-square-foot residential community at 20 Water Grant St. along the Yonkers waterfront will feature studio, one- and two-bedroom apartments and more than 15,000 square feet of amenity space. The development will also feature a rooftop deck, pool and courtyards. Vulpi said the first rental units will be available by early 2018.

Formerly known as Palisades Point on the Hudson River, the property was previously slated for redevelopment as part of the city’s public-private partnership with master developer Struever Fidelco Cappelli L.L.C. In 2013, the Yonkers City Council approved amendments to SFC’s leases at Palisades Point to allow SFC’s only remaining partner in Yonkers, New Jersey-based Fidelco Realty Group, to proceed with development plans on the waterfront site. Mill Creek Residential bought the leasehold interest from Fidelco and started construction on the property in 2016.

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