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Yonkers Rentals Attract Manhattan
Residents
Posted by Westchester.com
Friday, 11 April 2008
Yonkers, NY - The Yonkers waterfront, once a site of abandoned
industrial buildings, is being reborn as a hot spot for riverfront
housing. And leading the way in this riverfront renaissance is Hudson
Park, a new complex of luxury rental apartments.
The combination of easy access to Manhattan, affordable rents and
spectacular views of the Hudson River and Palisades is why more than
half of the residents at Hudson Park are from Manhattan.
For Katherine and Darrell Harris, a professional couple who had been
living in a Manhattan studio, moving to Hudson Park was an easy
decision. “We needed more space but couldn’t find what we wanted in
Manhattan,” said Katherine. “We found what we needed right here at
Hudson Park. Not only is our
apartment double the space of what we had on the upper East Side but
it’s more affordable than the $6,000 we would have to pay for something
comparable there.” Plus, she noted, the monthly cost of parking a car at
Hudson Park is $150, significantly less expensive than Manhattan.
Jason Llorenz, a young attorney
who commutes to Manhattan, said Hudson Park offers an incredible value
in today’s housing market. “After living in
Washington, D.C. for five
years, I never imagined I would find a superb quality of life so close
to Manhattan when I started to look for a place to live,” he said.
“Hudson Park is perfect for me. Not only is the Metro North Station
steps away but the apartment space and the river views are simply
phenomenal. This would be impossible to find or afford in Manhattan. I
love the gym where I go several times a week and enjoy meeting a lot of
nice people there,” he added.
Tyler Perez, a telecommunications engineer, moved to Hudson Park from
Manhattan because the location is more convenient for visiting his
clients in Connecticut, New Jersey and upstate
New York. Location is just
one of many reasons why he chose Hudson Park. “My apartment is
laid out very well compared to what I had in Manhattan. I like having a
concierge service where packages can be held while I’m away. The
security and amenities, especially the fitness center, are excellent.”
Hudson Park South, the first phase of this highly successful $200
million waterfront development, is nearly 100 percent leased. The
complex features 266 luxury apartments, restaurants, office space and
public waterfront esplanade. Monthly rents start at $1,570 for
one-bedroom apartments and $2,140 for two bedrooms.
Hudson Park is conveniently located next to the Yonkers Metro North
train station, which is only
25 minutes from Grand Central Station. The recently renovated train
station provides direct access to the esplanade at Hudson Park.
Residents of Hudson Park can also enjoy the convenience of taking the
New York Water Taxi at the nearby Yonkers City Pier, which offers a
45-minute commute to Wall Street.
Building on the success of Hudson Park South, project developer Collins
Enterprises, LLC is putting the finishing touches on Hudson Park North
which is scheduled to open this spring. Hudson Park North features 294
luxury apartments in two towers of 14 and 12 stories connected by a
four-story building.
Collins Enterprises, which is developing Hudson Park North in a joint
venture with AIG Global Real Estate, reports strong demand for the new
apartments with a waiting list of more than 100.
Arthur Collins, co-founding principal of Collins Enterprises, LLC, said
he expects many of the new residents of Hudson Park North will be coming
from Manhattan. “The high cost of Manhattan rentals, combined with a
tightening of the mortgage market,
has made Hudson Park very appealing to those who are looking for quality
housing at affordable rents. We are also seeing a growing number of
people who are opting to rent rather than purchase a new condominium,”
he said. “Manhattan has been our biggest market and we expect that to
continue with the opening of Hudson Park North,” he added.
Monthly rents at Hudson Park North will start at $1,800 for a
one-bedroom and $2,300 for two bedrooms. The apartments feature spacious
walk-in closets, luxurious bathrooms, washers and dryers, wall-to-wall
carpeting, and fully applianced
designer kitchens. Hudson Park North also offers a wide array of
lifestyle amenities including a health and fitness center, riverfront
courtyard, esplanade, community rooms and business center. Parking is
provided in an attached garage.
In addition to appealing to Manhattan residents, Hudson Park is also
attracting young professionals. About 40 percent of the residents at
Hudson Park are in the 31 to 40-year age bracket. And nearly 60 percent
of the renters are single. “We have a very dynamic and active community
at Hudson Park that is bringing new energy to downtown Yonkers,” said
Mr. Collins.
For example, he noted that the success of Hudson Park is attracting new
upscale restaurants to the
Yonkers waterfront, notably celebrity chef Peter Kelly’s X2O Restaurant,
which offers five-star dining in a spectacular waterfront setting.
“The long-awaited revitalization of downtown Yonkers is beginning to
unfold and we’re proud that Hudson Park is playing a major role in this
urban success story,” Mr. Collins said.
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