Why Westchester Is the Newest Millennial Hotspot



A rendering of Yonkers' forthcoming 1177@Greystone development.Westchester used to be little more than a backwater with more land and better schools. During the past few years, however, millennials priced out of New York City have been heading there in droves, and developers have responded, investing in mixed-use luxury rental buildings near transit stations in such towns as Mount Vernon, New Rochelle, White Plains, Sleepy Hollow, and Ossining. But no place has seen more recent growth than Yonkers, where roughly 4,000 new rental units will be released over the next eight years or so. “Five years ago, Yonkers was still recovering from the 2008 fiscal crisis, and there wasn’t much activity,” says Wilson Kimball, the city’s commissioner of planning and development, who credits the Generation Yonkers ad campaign, launched to attract millennials to the area, and Mayor Mike Spano’s “we’re open for business” mantra with drawing young professionals and A-list developers from New York. “There was a real turnaround. Now people are moving to Yonkers from the city, upstate, New Jersey, and Connecticut, because we’re affordable and only 25 minutes away from Manhattan.”

Projects currently under construction include the 330-unit River Tides at Greystone (opening this summer), the 55-unit 1177@Greystone (fall), and the 440-unit Larkin Plaza (late 2018). “As prices increase in the city, people are going to go where they can enjoy an urban lifestyle, access to Manhattan, and reasonable rents,” says Seth Pinsky, executive vice president for Larkin Plaza’s development firm, RXR, which expects the majority of its tenants to be young professionals and empty nesters looking to downsize. Additionally, “half of the 18- to 34-year-olds in Westchester are living with their parents, and many people are living in  subpar rental buildings. We want to help revitalize these communities.”

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Properties of Note

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A Contemporary Vision in a Historical Context! Overlooking Central Park with its glorious change of seasons; this extraordinary sun-soaked home has just been splendidly overhauled with the utmost attention to the minutest of details, harmoniously merging modern comforts with classical beauty. Creatively and intelligently designed by a renowned urban landscaper and her architect husband, this pure and pristine residence offers an amazing flow from one grand room to the next.

Douglas Elliman Real Estate

View more details of 145-146 Central Park West, 5C, Upper West Side, New York

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Masterfully Crafted by Doherty & DeLeo Development
Darien | Inspirational free flowing design that is perfectly blended to this private two-acre setting in the Delafield Island Association. Gourmet kitchen, great room & day eating area all connect to an expansive covered stone veranda. Fabulous master suite, elevator, smart house technology, 5 fireplaces, generator, 3-car heated garage, upper level bonus room, finished lower level with full walkout to pool & spa, close to Pear Tree Beach & Downtown.

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View more details of 11 Sunswyck Rd,
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Designed by Alan Wanzenberg, this gracious home is a rare sun-drenched corner split 2 BR 2.5 BA in one of Chelsea's most esteemed buildings and most desirable blocks. A welcoming foyer leads to a gracious well-proportioned light-flooded living room with floor to ceiling windows facing South/East, open chef's kitchen with state-of-the-art luxury appliances, a wine cooler and separate pantry. The cheerful South facing master suite with its adjoining sitting area has two large walk-in closets. Set on the grounds of the General Theological Seminary, the Chelsea Enclave truly encompasses the old and the new, the urban and the pastoral.

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View more details of 177 Ninth Avenue, 4D, Chelsea, New York

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One of a kind, 3BD/4.5BA Duplex Penthouse commands over 5,250sqft of magnificent living and entertaining space, enveloped in 360 degrees of San Francisco’s most sensational City and Bay views! Approximately 2,140sqft of terraces and a Pent-Level Living Room soar above Nob Hill, where daily living and grand-scale entertaining are set against a backdrop of iconic landmarks. The prestigious Nob Hill location affords the best of classic San Francisco and convenient access to Downtown, Pacific Heights and Russian Hill.

Sotheby's International Realty

View more details of 10 Miller Place #2400, Nob Hill, San Francisco, CA

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Idyllic location in the heart of Tokeneke. Sitting beautifully on a lovely acre this property will offer not only a perfect place to call home, it provides easy access to local amenities, school, town and train all wrapped within the arms of the prestigious Tokeneke Association, Darien.

William Pitt Sotheby's International Realty

View more details of 7 South Trail, Darien, CT

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One-of-a-kind designed enchanting Chalet nestled on 12.3 acres of supreme privacy. Bright/open floor plan with the family room (opens to a large green house), living & dining rooms. Steps from the house is the studio with cathedral ceiling above the 12’ wall, lots of windows, and sky lights. Leading from the studio is a covered walkway to the gallery/barn. Less than 15 minutes from skiing, canoeing, kayaking, fly fishing and hiking, or shopping and dining.

Berkshire Hathaway HomeServices

View more details of 95 West Rd, Canton, CT
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