Ground is Broken at Rose Associates' New Development Located at 57 Alexander in Yonkers New York
Posted On January 31, 2022
Yonkers, NY– Callahan Construction Managers announced that they have broken ground at 57 Alexander Street in Yonkers, NY. The project is being developed by Rose Associates with Perkins Eastman serving as the architect.
The development is situated on a 4-acre parcel and will consist of a 440-unit, seven-story building located on the Hudson River waterfront. The project will feature a mix of studio, one- and two-bedroom apartment homes, as well a two-level podium CIP garage. 25,000 square feet of amenities will include a landscaped public esplanade with access to the Hudson River waterfront, an outdoor heated swimming pool, roof deck with grilling stations and dining areas, fitness center with strength training and cardio equipment, golf simulator, game room and co-working resident lounge. The project is expected to deliver in phases throughout 2023.
57 Alexander Street, which is set within a Qualified Opportunity Zone, will also require coordination with the New York State Department of Environmental Conservation (NYSDEC) for environmental cleanup. Waterfront access work includes construction of the new rip rap shoreline revetment and demolition and reconstruction of piers.
The property is also in close proximity to the Yonkers Metro North commuter rail and Amtrak train, and within a short distance of the retail and dining in the city’s downtown waterfront district.
“Callahan is proud to be a part of this vibrant project,” said David Morrow, director of New York operations at Callahan Construction Managers. “This development will contribute to the growth of the community along the Hudson by offering a lifestyle and transit-oriented living experience just minutes from the waterfront district.”
“We selected Callahan Construction for this exciting project based on their experience and proven track record and we’re pleased with positive momentum at the site.” Said Chris Gibaldi, managing director of development at Rose Associates. “Downtown Yonkers’ proximity to Manhattan, combined with it river views, history, and variety of restaurants and shopping make it a great place to live and we are pleased to be part of its continued resurgence.”
“The property location with sweeping views of the Hudson River and Palisades offered us incredible design opportunities for the amenity-rich building,” said Carl Ordemann, AIA, principal and director at Perkins Eastman. “We are excited to bring Rose Associates’ vision into reality working as partners with Callahan Construction Managers.”
57 Alexander Street marks Callahan’s first residential project from its New York office, which opened in White Plains, NY in 2021, and the second groundbreaking from the New York office after the team started construction at LCB Senior Living in Basking Ridge, NJ in November 2021.
SOURCE:About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.