Ravine Apartment Project Moving Forward In Yonkers – By Brian Harrod

A 146-unit apartment project known as the Point and Ravine Apartments is under review in Yonkers

The Developer is Rochester-based Conifer Realty and built River Pointe at Drum Hill senior citizen apartment project in Peekskill.

They are  in the process of building 54 Hunts Place in Chappaqua, an affordable project near the Metro-North station, offering one-bedroom units staring at $1,120 per month.

The Yonkers Industrial Development Agency (IDA) voted preliminary approval of financial incentives for the two townhome buildings and one mid-rise building with 120 units.

The two townhome-style buildings will include one-, two- and three-bedroom apartments.

The YIDA says the project is worth 72 million and is expected to create 250 construction jobs.

There would be a total of 146 units in the project and three public parking lots would also be constructed.

The project currently is set to use electricity for heating in view of the Con Ed natural gas moratorium.