REAL ESTATE NEWS: The Bottom Line Is That Yonkers Is Still The Hottest Real Estate Market In Westchester County

The Yonkers Industrial Development Agency said recent projects mark the largest concentration of residential development in the city’s history

DEVELOPMENT BOOM: #Yonkers, has about 5,900 luxury apartments under construction, street corner artwork, and a slogan that’s a nod to the demographic it hopes will lift the sagging tax base: “Generation Yonkers.”

KEEP MOVING FORWARD: The recent talk of recession has only spurred Mayor Mike Spano to move more quickly with a revitalization project that’s already showing some early signs of success.

HOLLYWOOD ON THE HUDSON: #Lionsgate Entertainment Corp., drawn by federal tax breaks for investing in lower-income communities, is planning a $100 million-plus production facility in the heart of Yonkers Downtown/Waterfront BID.

AFFORDABLE HOUSING: Mayor #MikeSpano says that working to limit the impact of gentrification by creating hundreds of units that would be affordable to the local population.

Yonkers Commissioner of Planning and Development Wilson Kimball says the city is not displacing anyone, because 90% of everything that’s been built in the city of hills has been built on vacant property.

Plus there is MGM’s Billion Dollar Plus investment in the revived city of gracious living.