Collins Ent. celebrates topping out of phase two - $200 million project

The revival of the city's waterfront took another major step forward with the topping out ceremony for Hudson Park North, the second of two apartment complexes being developed along the Hudson River by Collins Enterprises. Mayor Philip Amicone, members of the city council and various city officials joined with senior executives from Collins Enterprises at the steel and concrete structure for the topping out. To celebrate the event, a giant American flag was unfurled from one of the new towers under construction. "A decade ago our company came to this great city with a vision of transforming a vacant industrial site into a thriving residential waterfront community. Today that vision is a reality. Yonkers is now home to a vibrant waterfront with luxury rental housing, first-class restaurants, a beautiful public esplanade and the most spectacular views to be found anywhere in the region. We're proud that Hudson Park has served as a catalyst for this riverfront residence," said Arthur Collins, co-founding principal of Collins Enterprises, which is developing Hudson Park North in a joint venture with AIG Global Real Estate. "The landscape in Yonkers is in the process of an amazing transformation," said Amicone. "We are redefining the future of Yonkers by transforming underutilized and industrial waterfront properties into spectacular residential, business and public spaces." Hudson Park North will feature 294 one and two-bedroom rental apartments in two towers of 14 and 12 stories connected by a four-story building. The $125 million complex is expected to be completed and ready for occupancy next spring. Hudson Park North is located north of Hudson Park South, the $75 million first phase of this waterfront development. Hudson Park South features 266 riverfront apartments and 20,000 s/f of retail, restaurants and professional office space. The total development cost of the two-phase project is $200 million.