Printer Friendly

Yonkers, good neighbor, offering space at no cost.

Officials in Yonkers have offered to house businesses displaced by the World Trade Center attacks gratis as they search for permanent digs.

The Small Business Recovery Center, located near the New York State Thruway, was created with an inventory of 130,000 SF at the Ridge Hill office complex.

Phil Amicone, the deputy mayor of Yonkers, reportedly said that the SBRC was the brainchild of the city of Yonkers and the Empire State Development Corporation.

The mayor of Yonkers, John Spencer, issued a press release last week saying that Yonkers "is honored to work hand-in-hand with Governor Pataki to make facilities available for displaced at the Yonkers WTC Relocation Center."

Governor Pataki also issued a statement about the SBRC.

"By providing these companies with a place to work along with the basic tools to conduct business, the SBRC will enable them to get back on their feet and resume operations in New York State," said the release.

IBM and IKEA have both helped furnish the offices with computers and furniture.

News of the announcement was reportedly received negatively by "key officials" in the Giuliani administration, according to the Oct. 1 edition of the New York Post.

The article quoted an anonymous "key official" saying that "these are the people who want to initiate a 'no poaching' policy with New Jersey and Connecticut, so they won't steal New York businesses, and they're moving our businesses to Yonkers?"

Deputy Mayor Amicone did not return calls for comment.

In recent years, Yonkers has spent millions developing its CBD waterfront. It has also. marketed itself as an up and coming river town whose rents are far below those of Manhattan.

Cushman & Wakefield data indicates that Yonkers has a 5.3 percent commercial vacancy rate. The overall inventory of space here is 1,302,500 SF.
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:4EUDE
Date:Oct 10, 2001
Previous Article:Seek relocation here, not out of the city.
Next Article:N.Y. Life Investment closes on $58M leasehold mortgage.

Related Articles
Robert Martin opens third on-site child care center.
Westchester sponsors Yonkers Economic Development Day.
Yonkers waterfront getting a facelift.
Collins selects Yonkers for luxury project.
Information for authors.
Building on tradition at City & Suburban.
Property getting the Royal treatment.
Partners present $1.5b plan to transform face of Yonkers.
REMI to construct Yonkers apartment building.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters