Cushman & Wakefield has been retained by American Sugar Refining to market for sale The Refinery District, a 33-acre waterfront development site located at 1 Federal St. in Yonkers. The offering represents the final large-scale development opportunity along the Yonkers waterfront, accordng to Cushman & Wakefield.
The offering presents an opportunity to develop approximately 2,650 residential units across up to 2.6 million square feet, along with complementary retail, cultural and experiential uses. Cushman & Wakefield’s Capital Markets team, including Gary Gabriel, Ryan Dowd, Niko Nicolaou, Matt Torrance, Michael Flynn and JP Hohl, is marketing the property on behalf of American Sugar Refining.
“This is a truly generational opportunity to acquire the last significant development parcel along the Yonkers waterfront,” said Dowd. “With its unmatched scale, recent rezoning to allow for mixed-use development, and the ongoing public and private investment along the waterfront, this site is uniquely positioned to support a dynamic, transit-oriented destination that will shape the next chapter of Yonkers’ evolution.”
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