$900 Million Yonkers Waterfront Project
If you missed purchasing a brownstone in Harlem in the 1990’s and are kicking yourself now, don’t feel alone. Plenty of your neighbors missed the same boat. But you have a chance to catch the next one headed for Yonkers. Yonkers has a $3 Billion dollar plan to revitalize the waterfront along the Hudson River shoreline.
Developers are hoping that a 16-acre section of that area will be approved as the new $900 Million dollar Point Street Landing Project. The new Point Street Project proposes 1,124 residential units, 40,000 square feet of neighborhood retail space and 52,000 square feet of office space. This plan will revitalize the Alexander Street section of the city, west of the Metro North Section.
Formerly manufacturing areas, the plan will create a state of the art living and working community sprinkled with parks and an esplanade along the edge of the Hudson River. The developer, Homes for America Holdings Inc., hopes to get the necessary approvals to break ground by 2008.
The Point Street project is the latest in a series of huge redevelopment projects underway in the city. $600 Million Ridge Hill Village is a mixed use development to be built across from Stew Leonards off the NYS Thruway, and Cappelli Enterprises has its eye on a $1.5 Billion waterfront project. 
If you are not ready to start your own Billion dollar redevelopment plan, there are smaller investments properties for sale in the vicinity to wet your appetite. If you need more details…just Ask Rey.