Hudson Park is a transit-oriented multifamily rental development—adjacent to the Yonkers Metro-North train station in the heart of Yonkers, New York—consisting of four separate buildings built in three phases over a 17-year period. The project is located on a former industrial site of eight acres located between the train station and the Hudson River. The first phase includes 266 apartments in two separate nine-story buildings, the second phase includes 294 apartments in one building with two towers of 12 and 14 stories, and the third phase includes 213 apartments in one 24-story tower. The project also encompasses 18,606 square feet of retail and office space. Hudson Park was undertaken by Collins Enterprises and involved a public/private partnership and cooperation among various groups, including the city of Yonkers, the Yonkers Industrial Development Agency, the state of New York, the Metropolitan Transportation Authority, and numerous private capital sources. Hudson Park will consist of 773 rental apartments when completed in 2018.

Website
www.livehudsonpark.com

Project Address
Hudson Park
1 Alexander Street
Yonkers, NY 10701

Developers
Collins Enterprises (phases I and II)
Old Greenwich, Connecticut
www.collins-llc.com

Strategic Capital (phase III)
Jersey City, New Jersey
www.chinaconstruction.us

Equity Capital Sources
Simpson Housing LLLP
AIG Global Real Estate
Berkshire Property Advisors
Strategic Capital

Debt Capital Sources
Key Bank
HSBC
Union Bank
Greystone
Wells Fargo/Freddie Mac
Prudential/Fannie Mae

Master Planner
EE&K a Perkins Eastman company

Architects
Do H. Chung & Partners (phases I and II)
SLCE Architects (phases I and II)
EDI International (phase III)

General Contractor
Turner Construction (phases I and II)
Plaza Construction (phase III)

Interviewees
Jeff Anzevino, land use advocacy director, Scenic Hudson
Arthur Collins, co-founding principal and president, Collins Enterprises LLC
Stan Eckstut, senior principal, EE&K a Perkins Eastman company
Lee Ellman, director, Planning Bureau, city of Yonkers
Shawn Griffin, co-leader, public finance and economic development practice group, Harris Beach PLLC
Wilson Kimball, commissioner of planning and development, city of Yonkers
William Mooney III, senior vice president/group director, Signature Bank; former corporate counsel for the city of Yonkers
John Nolon, distinguished professor of law at the Elisabeth Haub School of Law at Pace University
Edward A. Sheeran, managing director, Palmer Economic Development LLC; former executive director of Yonkers Industrial Development Agency and special assistant and chief economic development adviser to the mayor of Yonkers

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