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The overall project will create more than 500 new and renovated apartments in the southwest Yonkers neighborhood along Warburton Avenue, north of Ashburton Avenue and south of Lamartine.
The construction of the 500-unit 172 Warburton Ave. building came in the fourth phase of the six-phase Ridgeway program, the entire cost of which has been estimated at $296 million.
The development is by the Municipal Housing Authority for the City of Yonkers (MHACY), which has a property portfolio valued at $750 million, and The Community Builders (TCB), a nonprofit real estate developer that owns or manages more than 13,000 apartments in 14 states.