Hines tops off 246-unit multifamily NorthLight at Edge-on-Hudson

July 06, 2021 - Upstate New York

Sleepy Hollow, NY According to Hines, the international real estate firm, NorthLight at Edge-on-Hudson has topped off. The new apartment community will bring 246 rental apartments to a mixed-use neighborhood. NorthLight is part of a $1 billion, 70-acre phased master-planned development known as Edge-on-Hudson, a riverfront community with over 16 acres of community parks and a waterfront promenade. The NorthLight site was purchased fully entitled in October 2019 in a joint venture with MetLife Investment Management. Santander Bank and Provident Bank provided construction financing for the project.

NorthLight at Edge-on-Hudson will include studio, one-, and two-bedroom apartments ranging from 565 to 1,406 s/f. Amenities will include a 17,000 s/f outdoor courtyard with swimming pool, fitness deck, outdoor kitchens, firepits, open green spaces, and ample seating and lounge areas for social or coworking use; two penthouse terraces; and a roof deck with sweeping views of the surrounding countryside.

NorthLight at Edge-on-Hudson will be a model for sustainable development in the region. It will be one of the first rental communities in Westchester County to have a solar roof and will offer residents a significant number of electric car charging stations–targeting upwards of 15% of all parking spaces.  As such, NorthLight at Edge-on-Hudson is poised to achieve LEED Silver or better and FitWel certifications.

NorthLight at Edge-on-Hudson is expected to be completed in the third quarter of 2022. Leasing and first unit deliveries are slated to begin in the first quarter of 2022.

An indoor clubhouse with coworking space, fitness center, kids’ playroom, communal kitchen and wine lounge will help create a sense of community among residents. Climate-controlled storage space, bicycle parking, and a pet spa round out the amenity offerings at NorthLight at Edge-on-Hudson. A partially enclosed five-story resident parking garage with 427 parking spaces will offer private access to each floor.

Nestled on the Hudson river just 25 miles north of New York City and less than 0.5 miles from the Tarrytown MetroNorth train station, NorthLight at Edge-on-Hudson offers convenient access to Grand Central Terminal in just 37 minutes. The community is situated on a coveted parcel proximate to an extraordinary range of recreational parks, trails, and historic sites as well as myriad shopping, dining and entertainment options. The Village of Sleepy Hollow is home to a diverse and vibrant community that combines city convenience and small-town charm.

“Our experience creating one-of-a-kind rental housing options ensures that NorthLight at Edge-on-Hudson will become the most sought-after lifestyle community for renters seeking an amazing waterfront setting combined with convenient access to New York City,” said Tommy Craig, senior managing director, Hines. “Hines’ renewed commitment to raising the bar for multifamily housing in the Northeast region is coming together as NorthLight nears completion and our rental project in New Haven, The Whit Wooster Square progresses. It’s incredibly satisfying to see Hines increase its footprint in this part of the country as we continue expanding Hines’ portfolio into the future.”

“There is no rental experience like NorthLight within miles of the site,” said Lily Ackerman, director of Hines. “The waterfront location will give residents a sophisticated rental option while the well-appointed apartment homes and resort-like amenity offerings will come together to bring this community to life.”

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