[[{“value”:”
Cushman & Wakefield has been engaged by American Sugar Refining to market The Refinery District, a large waterfront development site in Yonkers. The property, totaling 33 acres and located at 1 Federal St., is being offered for sale as a major development opportunity along the Yonkers waterfront. Cushman & Wakefield describes the site as the final large-scale development prospect on this stretch of the waterfront.
The Refinery District is positioned to accommodate a substantial multifamily-led mixed-use program. The marketing materials outline potential for approximately 2,650 residential units across up to 2.6 million square feet of development. In addition to the planned housing component, the concept allows for complementary retail, cultural and experiential uses that would broaden the district’s appeal and support a varied mix of activity on the site.
Cushman & Wakefield’s Capital Markets team is leading the assignment on behalf of American Sugar Refining. The brokerage team includes Gary Gabriel, Ryan Dowd, Niko Nicolaou, Matt Torrance, Michael Flynn and JP Hohl. Their role is to solicit interest from potential buyers and position the property to a broad pool of investors and developers focused on large-scale, waterfront and mixed-use opportunities.
According to commentary from the marketing team, the offering is viewed as a long-term, generational opportunity given its size and status as the last significant development parcel along the Yonkers waterfront. The site has recently been rezoned to permit mixed-use development, which supports the contemplated blend of residential, retail and cultural uses. This zoning framework is highlighted as a key attribute for buyers looking to execute a multifaceted project.
The brokerage further notes that the site benefits from ongoing public and private investment along the waterfront corridor. These investments, combined with the property’s scale and planning framework, are expected to underpin interest from groups seeking to create a transit-oriented destination. The location is being positioned as capable of supporting a new chapter of waterfront redevelopment in Yonkers, centered on residential density supported by commercial and experiential space.
American Sugar Refining’s decision to bring The Refinery District to market through a dedicated capital markets assignment underscores the strategic nature of the offering. For prospective buyers, the opportunity combines a sizable land position, waterfront frontage and established mixed-use zoning, all within a context of continued investment activity along the Yonkers shoreline.
The post Cushman & Wakefield Markets 33-Acre Refinery District Site on Yonkers Waterfront appeared first on CRE Market Beat.
“}]]
