Strategic Capital and Collins Enterprises break ground on $85 million development in Yonkers

Shown (from left) are: Arthur Collins, Collins Enterprises; Ning Yuan,
Strategic Capital; Yi Lui, consulate general of China; Dwight Collins, Collins Enterprises and Yonkers mayor Mike Spano.

Yonkers, NY Joined by mayor Mike Spano, city council president Liam McLaughlin and city leaders, Strategic Capital and Collins Enterprises broke ground on an $85 million residential building along the Hudson River.

Called Hudson Park River Club, the new 230,000 s/f building will include 213 studio and one and two-bedroom rental units, along with amenities such as a health club, event space, a recreation area and parking for 160 vehicles. It’s the third and final phase of the 16-acre Hudson Park development along the city’s waterfront.

“This is precisely the type of development we need in Yonkers to meet a growing demand for people who want to live in a diverse and urban environment while enjoying our beautiful waterfront,” said Spano. “This new community complements the great work that has already been completed and will ensure that Yonkers remains a destination for years to come.”

Planning for the Hudson Park community began in the 1990s, and in 2000 the city council designated Collins Enterprises to develop two parcels along the waterfront that were designated for the state’s Brownfield Clean-Up Program. The new building will be located adjacent to the city’s esplanade overlooking the Hudson River and will complete access to the public waterfront, Paddling & Rowing Club, Beczak Environmental Center and Habirshaw Park. With this new building, Strategic Capital’s total investment will reach $200 million for the three buildings.

 Construction of the previous building, Hudson Park North, included 294 apartments with 5,500 s/f of community space and a courtyard; it was completed in 2008. Hudson Park South, which opened in 2003, consists of 266 one and two-bedroom rental apartments and 15,500 s/f of professional office and retail space. The latest phase of Hudson Park is expected to be completed in mid-2017.

“In partnership with the city of Yonkers and Collins Enterprises, we will finish the last phase of Hudson Park and continue serving the Yonkers community with this wonderful space to live, work and play,” said Ning Yuan, chairman and CEO of Strategic Capital. “We are enthusiastic about growing this partnership with Collins Enterprises over the long term, because it is never just about this one project, but also about our shared passion on building spaces for convenient and lively modern life style.” 

“As we begin the final stage of development, Hudson Park River Club exemplifies our commitment to the City of Yonkers,” said Arthur Collins, president of Collins Enterprises. “We’re grateful to the City and so pleased to have a new partner, Strategic Capital, to help us realize a vision that began long ago.”

Hudson Park is located just blocks from the Yonkers Metro North Train Station, which is a 25 minute commute to Grand Central Station. It is also conveniently located near great shopping, restaurants and bars, museums, galleries and performing arts venues as well as a variety of recreation opportunities along the waterfront.

In recent years Yonkers has attracted many new companies, including world-renowned restaurateurs, entrepreneurs and technology and biotechnology companies in the immediate vicinity of Hudson Park looking for great space and an urban environment. The city, with the help of its GenerationYonkers marketing campaign, is also attracting millennials looking for quality and convenience in the New York metropolitan area.