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Rose Associates’ plan calls for a 7-story building with 440 rental apartments, 10% of which would be in the affordable category.
It was announced today that Rose Associates and BedRock Real Estate Partners are partnering to develop the 15.45-acre site as a mixed-use community with housing, retail and what are termed “other offerings.”
The proposed projects would create nearly 1,000 rental apartments near downtown Yonkers and 1,300 construction jobs.
A half-dozen union officials were at the IDA meeting, and two spoke out about the need for an agreement with the developer and for good local jobs.
The two separate projects could eventually turn an outdated mall and 1960s office tower, both on Hamilton Avenue, into more than 1,200 new apartments.