MacQuesten and Gov. Hochul Celebrate Start of Construction of Affordable Housing in Yonkers
Congratulations to BCW Member MacQuesten Development LLC on the groundbreaking for The St. Clair, a $60 million development featuring 78 affordable apartments and commercial space in downtown Yonkers.
Located at 34 Main Street, the development is a partnership with the State of New York’s Homes and Community Renewal Program, Westchester County and the City of Yonkers. The project is an example of New York State’s efforts to expand housing and transit-oriented development opportunities near MTA transit hubs. In addition, the development will be highly energy-efficient, all electric and part of the State’s Clean Energy Initiative.
MacQuesten Development CEO Rella Fogliano was joined at the Wednesday event by Governor Kathy Hochul, Yonkers Mayor Mike Spano, Yonkers City Council Member Shanae Williams, Westchester County Executive George Latimer, New York State Senate Majority Leader Andrea Stewart-Cousins, New York State Assembly Members Gary Pretlow and Nader Sayegh. Commissioner Ruthanne Visnauskas of New York State Homes and Community Renewal, as well as members of the Wells Fargo financing team also participated.
“I am grateful that MacQuesten Development was given another opportunity to partner with the State of New York, Westchester County, and the City of Yonkers on this significant affordable housing development,” said Fogliano. “This project is the quintessential example of how public /private partnerships serve to strengthen the fabric of a community. I am also very proud of how MacQuesten has been a leader in transit-oriented development, clean energy initiatives and the use of renewables in our developments.”
“Yonkers continues to lead Westchester County in providing quality, low market rate housing that is equitable and inclusive,” stated Yonkers Mayor Mike Spano. “Thanks to the support of our federal and local partners, St. Clair adds to our growing housing stock with modern, accessible and sustainable amenities servicing our growing city. We look forward to welcoming new residents to our waterfront.”
The building will dedicate thousands of square feet on the first floor for commercial spaces. The building will include nine residential floors encompassing 12 studios, 36 one-bedroom units, 23 two-bedroom units, and 5 three-bedroom units. The construction will also include a parking structure designed to accommodate the parking needs of residents and shoppers, further enhancing the accessibility and convenience of the development.
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