YONKERS, N.Y. — A subsidiary of Azorim Construction Co. Ltd. will develop Miroza Tower, a $133.5 million high-rise asset in the New York City suburb of Yonkers. The Yonkers Industrial Development Agency recently granted final approval of financial incentives for the project. Azorim Construction Co. is receiving a sales tax exemption of $5.8 million, a mortgage recording tax exemption of $1.3 million and a 20-year payment in lieu of taxes agreement valued at $12.4 million.
Situated at 44 Hudson St., Miroza Tower will offer 250 apartment units across 27 stories. Of the total unit count, 25 will be set aside as affordable housing. Income restrictions for these units were not disclosed. Planned amenities include a party room, library, conference room, gym, two resident lounges, a rooftop garden and children’s playroom. The property will also include 1,920 square feet of first-floor retail space and a 252-space parking garage. A construction timeline was not disclosed.