NY waterfront redevelopment

from today's GlobeSt (12/21):

Waterfront Revival Phase II May be Worth $2.3B
By John Jordan

"YONKERS-A newly released master plan for the Alexander Street section of this city’s waterfront as proposed could generate more than 3,000 new housing units as well as new retail, office space and increased public access to the Hudson River. City officials officially unveiled the master plan at a meeting of the city’s Community Development Agency last night.

The Alexander Street area’s redevelopment will be the second phase of the city’s plan to revitalize the waterfront district. A proposal valued at approximately $1.3 billion by the partnership of Struever Brothers, Fidelco Realty and Cappelli Enterprises, is now in the approval process with the city and will likely break ground sometime in 2008.

The Alexander Street master plan, authored by New York City-based planning firm Allee King Rosen & Fleming, looks to develop as much as 3,752 units of housing in 18 high-rise towers ranging in height from 12 stories to two 30-story buildings. Also slated for this mainly underutilized former industrial section of the city would be approximately 210,000 sf of neighborhood retail space, 223,000 sf of office space, 6,800 parking spaces in interior parking facilities and another 480 on-street parking spaces and a host of public amenities including a continuous esplanade to the river’s edge and an additional 13 acres of new parkland and open space in addition to the 31 existing acres of parks in the area.

The project site totals 1.3 miles of waterfront or 153 acres--112 acres of land and 41 acres underwater." ...

"The project site is a brownfield area that the city estimates could cost about $50 million to clean up. Several developers have already floated development plans in the Alexander Street area, although none are officially in the approval process. One venture by locally based Homes for America Holdings is called “Point Street Landing,” a $1-billion mixed-use green project."

for the complete story see:
http://www.globest.com/news/1060_1060/westchester/16696
7-1.html