The construction manager for Rose Associates’ Alexander Crossing apartment development in Yonkers says that construction has been completed on the seven-story building. Callahan Construction Managers, headquartered in Bridgewater, Massachusetts, previously had said that Alexander Crossing at 57 Alexander St. marked its first residential project from its New York office, which opened in White Plains in 2021.
The development features 440 units in a mix of studio-, one-, two- and three-bedroom configurations. The construction involved five levels of wood-frame over a two-level podium cast-in-place garage.
Callahan said it used a phased approach in the construction schedule so that Rose could begin marketing the available units as quickly as possible.
“Callahan has a long track record of making exciting residential developments come to life across the Northeast, and we’re particularly proud to see our New York team lead the way on the construction of Alexander Crossing,” said Dave Morrow, vice president of New York operations for Callahan Construction. “As we continue to win more work in the Tri-State area focused on residential and mixed-use developments, we look forward to creating desirable living spaces for residents to work and play.”
Rose has been leasing units and as of March 11 was offering 13-month leases with one month of free rent. It advertised a studio for $2,140 a month, with a net effective rent of $1,975.38. A one-bedroom unit was advertised for $2,999 with a net effective rent of $2,768.31, and a two-bedroom unit was advertised for $3,683 with a net effective rent of $3,408.92.
Among the amenities for residents at Alexander Crossing are an outdoor heated swimming pool, landscaped terraces with grills, dining areas, and an outdoor gaming area. There is a fitness center, resident lounge with river views, a co-working lounge, a multisport virtual game simulator, electric car charging stations, building-wide Wi-Fi, and a bike room.
The Yonkers Industrial Development Agency had approved a package of financial incentives for the approximately $177 million project on 6.16 acres of land along the riverfront. Rose Associates had purchased the property from Altman Stage Lighting Co., Altman Holdings LLC and Ron Rob Realty Corp.
Ten percent of the apartments were to be priced as affordable housing. The plan included 443 parking spaces. The developer proposed 25,000 square feet of open space on the waterfront with a public walkway for river access.
The site was highlighted in The Alexander Street Master Plan that had been adopted by the Yonkers City Council in 2009. The plan established a framework for the redevelopment of a section of the city’s Hudson River waterfront and called for a mix of residential, retail, commercial and open space uses in an area covering approximately 153 acres.
