Nepperhan Valley Industrial Area, Yonkers, NY

Yonkers Industrial Development Agency

Market Analysis and Feasibility Study

The Yonkers IDA was seeking assistance in understanding the market potential to transform the blighted Nepperhan Valley Industrial Area into a mixed-use office, residential, retail, and industrial/flex neighborhood.  With a team that included Appleseed, Inc and BFJ Planning, RESGroup helped determine the level of demand for the retail and industrial uses contemplated; the types of public improvements needed to attract tenants, the amount of financial subsidy that was likely to be required to encourage private development; and identification of the potential sources and amounts of financial subsidies available.