Groundbreaking for $200M mixed-use Yonkers project

A groundbreaking ceremony marked the formal start of construction on a 25-story mixed-use development known as Miroza on the Hudson at 44 Hudson St. in Yonkers. The developer places the cost of the project at $200 million and reports it will feature 250 apartments, 25 of which will be designated as affordable housing. Amenities for residents will include a fitness center, rooftop garden, a library, residential lounges, a children’s playroom and a party room. There would be 1,699 square feet of retail space in the tower.

Rendering Miroza on the Hudson at 44 Hudson St., Yonkers.

The tower would include a parking garage with 222 spaces. An additional 25 parking spaces would be located off-site at 56-60 Buena Vista Ave., an approximately 387-foot walk from the tower at 44 Hudson St.

Subsidiaries of Azorim Investment, Development & Construction Company Ltd., which Dun & Bradstreet characterizes as one of Israel”™s largest and most stable real estate companies, are developing the project. The subsidiaries are Miroza Tower LLC and 5660 BVISTA LLC. Azorim already has established a track record in Yonkers with its development work at the Monarch at Ridge Hill apartment complex.

In 2017, a 156-unit apartment complex was proposed for the site by Hudson Holdings NY LLC, a Kew Gardens-based developer but was not built. The building was planned to be 15 stories tall with an eating and drinking establishment on the ground floor occupying more than 1,800 square feet.

Rendering of Miroza on the Hudson at 44 Hudson St., Yonkers, as seen from just above street level.

When Azorim submitted its application for a 25-story building the developer’s attorney, David Steinmetz of the White Plains-based law firm Zarin & Steinmetz told the city’s Zoning Board that a 15-story project was not economically viable and that an additional 10 stories would be needed if a project at the site was going to be a financial success.

Among those taking part in the groundbreaking were Azorim’s Chairman Hershey Freidman and the company’s COO Jack Klein along with Yonkers Mayor Mike Spano. Other participants included: City Council President Lakisha Collins-Bellamy, City Council Majority Leader Tasha Diaz, City Councilmember Shanae Williams, County Legislators, James Nolan and Vedat Gashi, Yonkers Industrial Development Agency President James Cavanaugh, Yonkers Housing Authority President Wilson Kimball and Yonkers Downtown Business Improvement District President Sarah Brody.

“Miroza on the Hudson involves more than just economic growth for the city of Yonkers,” Spano said. “Its unique design spurs a transformative development along the Yonkers waterfront for those individuals who want nothing more than to stay here, make a living and take part in our city”™s future.”

Klein said that Azorim is thrilled to continue developing residential buildings in Yonkers.

“Mayor Spano and his team have demonstrated true partnership in sharing our vision for a tower whose innovative design will enhance the Yonkers skyline,” Klein said. “We believe that Miroza on the Hudson will be a welcome enhancement to the downtown Yonkers area.”


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