Episode Details

Extell Development just landed a $185 million refinancing to power the first phase of Hudson Piers, a massive luxury apartment complex in Yonkers — signaling the borough’s rise as the next big residential hotspot. The deal replaces older loans and fuels construction of two buildings totaling 369 apartments, retail, and parking, with studios starting at $2K and 3-bedrooms at $5K. When complete, the entire project will span 1,400 units across six buildings. With city incentives like $21M in tax breaks and waterfront upgrades, Extell is betting big on Yonkers — expanding beyond NYC into New Jersey, Philly, and even Utah. This marks the third time Meridian Capital and NewBridge Lending have teamed up, proving they can handle complex deals — and Extell’s move underscores their serious commitment to turning Yonkers into the next Brooklyn.

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