“The hipsters have arrived!”
New rental units in Yonkers may be coming, says Colin Gustafson. Here’s his story which ran in today’s Journal News and on lohud.com
“The hipsters have arrived!” That’s how Joseph Cotter humorously heralds his plan to turn the former downtown Yonkers Board of Education headquarters into trendy loft apartments that would be marketed to 20-something professionals.
Cotter’s Greenwich-based firm, National Resources, seeks to turn the vacant, 90-year-old Wells Avenue building into a 100-unit rental complex featuring a glass-encased lounge and garden on the roof of the adjoining Department of Motor Vehicles building on Dock Street.
Tentatively called “Uno@i-Park,” the $15 million project alongside National Resources’ sprawling i.Park Hudson corporate campus would be the owner’s first foray into residential development in Yonkers. Cotter said the city’s rapidly-developing downtown is ripe for a project appealing to young people seeking affordable living options and easy access to New York City. “Not everybody can live in Williamsburg anymore,” Cotter said, referring to the popular and increasingly pricy Brooklyn enclave.
Read the rest of Colin’s story HERE