Callaghan Construction Managers starts work on Yonkers project with $177 million in financing

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57 Alexander St NY

Callahan Construction Managers has broken ground on a 440-unit multifamily project at 57 Alexander St. in the northern New York City suburb of Yonkers, REBusiness Online reports.

Perkins Eastman designed the seven-story structure.

Developers Rose Associates say the waterfront community will offer a mix of studio, one- and two-bedroom units. Amenities will include a pool, fitness center, outdoor grilling and dining areas, golf simulator, coworking lounge and a game room.

In 2019, the Yonkers Industrial Development Agency approved a $177.3 million financing package for the project.

The development team expects to deliver the project in phases throughout 2023.

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