A mixed-use property combines multiple types of space—such as homes, shops, offices, and sometimes hotels or restaurants—within the same building or development, like a small neighborhood stacked together under one roof. For investors it matters because mixing uses can diversify income streams, boost foot traffic and demand, and spread risk across different tenant types, but also brings added complexity from zoning rules, management needs, and varied lease terms.
transit-orientedtechnical
Transit-oriented describes real estate or development that is planned and built to be close to public transportation hubs like train stations or bus lines, so people can reach work and services with short walks rather than long car trips. For investors it signals potential for higher demand, steadier rental incomes and lower parking or infrastructure costs—think of it like a storefront next to a busy subway exit that gets more steady foot traffic than a remote location.
rezoningregulatory
Rezoning is a local government decision that changes what a parcel of land can be used for—such as switching from single-family homes to shops or apartment buildings. For investors it matters because rezoning can raise or lower a property's value, unlock new development opportunities or costs, and change future income prospects much like changing the rules of a game can change what moves are possible.
See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google
NEW YORK--(BUSINESS WIRE)--
Cushman & Wakefield, a global real estate services firm, announced it has been exclusively retained by American Sugar Refining to market for sale The Refinery District, a 33-acre waterfront development site located at 1 Federal Street in Yonkers, New York. The offering represents the final large-scale development opportunity along the Yonkers waterfront.
The property, formerly home to the Domino Sugar Refinery, features more than 2,300 linear feet of direct frontage along the Hudson River, offering unobstructed water views and unparalleled scale in one of the region’s fastest-growing waterfront submarkets. The offering presents a rare opportunity to develop a transformative mixed-use destination, with the potential to accommodate approximately 2,650 residential units across up to 2.6 million square feet, along with complementary retail, cultural and experiential uses.
Cushman & Wakefield’s Capital Markets team, including Gary Gabriel, Ryan Dowd, Niko Nicolaou, Matt Torrance, Michael Flynn and JP Hohl, is exclusively marketing the property on behalf of American Sugar Refining.
“This is a great opportunity to acquire the last significant development parcel along the Yonkers waterfront,” said Ryan Dowd of Cushman & Wakefield. “With its unmatched scale, recent rezoning to allow for mixed-use development, and the ongoing public and private investment along the waterfront, this site is uniquely positioned to support a dynamic, transit-oriented destination that will shape the next chapter of Yonkers’ evolution.”
Situated steps from both the Yonkers and Ludlow Metro-North stations, the site offers direct connectivity to Manhattan in under 30 minutes, as well as convenient access to major regional highways. The surrounding waterfront neighborhood has experienced significant momentum in recent years, with approximately 2,000 residential units delivered since 2018, underscoring strong demand for amenitized, transit-oriented housing.
Originally constructed in the early 20th century, the site operated as a major industrial hub for more than a century and is now poised for repositioning into a vibrant, publicly accessible waterfront district aligned with the City of Yonkers’ long-term revitalization vision.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
