It has been nearly five decades since the Glenwood Power Plant in Yonkers, New York closed its doors, but developer Ron Shemesh has plans to transform this four-building complex on the Hudson into a hotel and convention center. The Wall Street Journal reported that Mr. Shemesh, a plastics manufacturer from the area, bought the property from investor Ken Capolino for $3 million. The project will be costly, however. Mr. Shemesh will need to raise around $155 million to redevelop the plant. In December, the Mid-Hudson Economic Development Council gave Mr. Shemesh a small economic boost with a $1 million grant to preserve the sprawling complex.
Posts tagged with "Yonkers":
For those heading north on the New York State Thruway, the Yonkers Raceway emerging on the right is just another part of the landscape. But Studio V Architects is about to change all that with their massive porte-cochère that serves as the iconic tour de force for the $45 million expansion of the Empire City Casino. The curved lattice canopy will be clad in ETFE foil—a polymer membrane often used for roofing—that will reflect LED lights resting atop the steel frame. Behind the canopy, a four-story, 300-foot-long glass wall will serve as a clear backdrop to the canopy, mimicking its curve, while allowing visitors to see the action inside. "The sculptural steel and foil shell grow out of the landscape," explained Studio V founder and principal Jay Valgora. That landscape will eventually get the Ken Smith treatment. AN took a trip up to Yonkers to check out the construction and all seems on track for opening this fall. We'll keep you updated on its progress and more from Studio V.