The document outlines the development plan for Sawyer Place in Yonkers, NY, involving the demolition of existing buildings and construction of new residential and retail structures. The project includes a high-rise tower, a mid-rise residential tower with retail space, and a low-rise retail building, totaling 439 units and 34,700 square feet of retail space. The project is part of the Brownfield Cleanup Program, with anticipated tax credits of $20 million. Completion is expected in 2019, with lease-up concluding in August 2020. The joint venture has a construction loan of up to $124.4 million.
doj/DataSet10/EFTA01374641.pdf
{"title":"Sawyer Place - Yonkers, NY","document_date":"2017-05","document_type":"property","key_locations":["Yonkers, NY"],"document_subtype":"real estate development","key_organizations":["RXR168 Alpha Group Capital","New York State Department of Environmental Conservation"],"reference_numbers":["DB-SDNY-0069432","SDNY_GM_00215616","EFTA01374641"]}