Ridge Hill, formerly known as Westchester's Ridge Hill is a mixed-use lifestyle center located between Interstate 87 and the Sprain Brook Parkway in Yonkers, New York. With its grand opening in 2011, Ridge Hill features a variety of retail stores, restaurants, condominiums, and offices. It was developed by Forest City Ratner Companies, Forest City's New York subsidiary. The center was built on an 84-acre parcel of land purchased from the City of Yonkers.[1] Forest City later sold its mall business to Queensland Investment Corporation.[2]
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| Location | Yonkers, New York |
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| Coordinates | 40°57′49″N 73°51′22″W / 40.96361°N 73.85611°W |
| Address | 1 Ridge Hill Boulevard |
| Opening date | October 20, 2011 |
| Developer | Forest City Enterprises |
| Management | QIC Global Real Estate |
| Owner | Queensland Investment Corporation |
| No. of stores and services | 50 |
| No. of anchor tenants | 6 |
| Total retail floor area | 1.3 million sq ft (120,000 m2) |
| No. of floors | 2 with partial 3rd floor and basement |
| Parking | 4,700 spaces (5 parking garages, 1 outdoor lot, and valet service) |
| Website | www |
History
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The Yonkers Industrial Development Agency began planning the center in 2000 to develop a site and stimulate job growth. Prior to any development, the land was occupied by a sanitarium, hospital, church, and rehab center. After later granting a lease to Lockheed Martin, and when the lack of jobs continued, the lease was terminated by purchasing the remainder of the contract. The City of Yonkers began taking bids from developers, and Ridge Hill won the contract.[1] Original tenants announced included Whole Foods Market and L.L.Bean.[3] Saks Fifth Avenue also showed an interest in adding a location in Yonkers.[4]
In early 2007, the land was cleared to make way for Ridge Hill's construction. Construction formally broke ground on November 8, 2007, with an original projected completion date in 2009.[3] However, in late 2009, Forest City stated that due to the economic recession, the anticipated completion would be pushed back until 2011.[5]
On November 18, 2010, it was announced that six additional companies would be joining the list of tenants: Dick's Sporting Goods, Brio Tuscan Grille, and REI.[6] Later, on December 3, Forest City announced that Lord & Taylor would anchor Westchester's Ridge Hill with an 80,000 square feet (7,400 m2) contemporary location.[7] That same year, Saks Fifth Avenue stated that it would not add a location at Ridge Hill.[8]
On March 26, 2013, a new $12 million, 32,300 square feet (3,000 m2) Legoland Discovery Center was opened. It was the first Legoland in the Northeast and fifth in the country.[9]
On November 19, 2014, it was announced that eight stores would be arriving at Ridge Hill including Starbucks and The Container Store.[10]
On August 27, 2020, it was announced that upscale specialty department store retailer Lord & Taylor would shutter its traditional brick and mortar format as a direct result of the COVID-19 pandemic.[11]
On May 6, 2022, it was announced that Ridge Hill had been acquired in a joint venture between Nuveen Real Estate, Taconic Partners, and North American Properties for $220 Million. The plan is to update the complex's appearance and attract other luxury and fitness retailers as well as dining and entertainment options.[12]
Anchors
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Anchors include:[13]
References
edit- ^ a b Sheftell, Jason (June 17, 2011). "City on the Hill: "New Urbanism" in Yonkers". New York Daily News. Retrieved April 2, 2022.
- ^ https://www.bizjournals.com/newyork/news/2022/05/05/ridge-hill-yonkers-sold-for-220-million.html [bare URL]
- ^ a b "Forest City Ratner Companies Breaks Ground on Ridge Hill in Yonkers" (Press release). Forest City Enterprises. November 28, 2007. Archived from the original on 29 December 2014. Retrieved 25 December 2014 – via BusinessWire.
- ^ Aris, Hezi (May 21, 2019). "Saks Fifth Avenue to Anchor Ridge Hill". Yonkers Tribune. Retrieved April 2, 2022.
- ^ Brenner, Elsa (June 2, 2011). "Coming Soon: A Town Within a City". The New York Times. Retrieved April 2, 2022.
- ^ "Forest City Announces Six Additional Major Tenants For Westchester's Ridge Hill". Forest City Enterprises. November 18, 2010. Retrieved April 2, 2022 – via PR Newswire.
- ^ "New Lord & Taylor Store To Anchor Westchester's Ridge Hill" (Press release). Forest City Enterprises. Retrieved April 2, 2022 – via PR Newswire.
- ^ Morris, Keiko. "Shopping Center Coveting Leases in Yonkers". The Wall Street Journal. Retrieved 29 December 2014.
- ^ "Legoland Opens At Ridge Hill Mall In Yonkers". WCBS News. March 27, 2013. Retrieved April 2, 2022.
- ^ Garcia, Ernie (November 19, 2019). "Westchester's Ridge Hill announces 8 new stores". The Journal News. White Plains. Retrieved April 2, 2022.
- ^ Biron, Bethany (August 20, 2020). "Lord & Taylor is permanently closing 24 of its locations after filing for bankruptcy. See if your local store is on the list". Business Insider. Retrieved April 2, 2022.
- ^ Moss, Linda (May 6, 2022). "Nuveen, Taconic and North American Properties Make $220 Million Bet on Repositioning Yonkers, New York, Mall". CoStar. Retrieved May 9, 2022.
- ^ "Properties". Forest City Enterprises. Archived from the original on 29 December 2014. Retrieved 24 December 2014.