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<\/p>\nLess than a year after shutting down its refinery along the Hudson River, Domino Sugar’s parent company is looking to sell the property to kick off a massive waterfront development just north of New York City.<\/p>\n
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\n Courtesy of Cushman & Wakefield\n <\/p>\n
\n Domino Sugar shuttered this refinery on 33 acres along the Hudson River in Yonkers in 2025.\n <\/p>\n
American Sugar Refining tapped Cushman & Wakefield to market the 33-acre site at 1 Federal St. in Yonkers<\/a> as \u201cThe Refinery District,\u201d the brokerage announced this week. The land\u00a0can\u00a0accommodate\u00a0more than 2,600 residential units across 2.6M SF of development,\u00a0as well as\u00a0support retail, commercial and community uses.<\/p>\n \u201cThis is a great opportunity to acquire the last significant development parcel along the Yonkers waterfront,\u201d Cushman & Wakefield Managing Director\u00a0Ryan Dowd said in a statement. \u201cWith 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\u2019 evolution.\u201d<\/p>\n Dowd,\u00a0Gary Gabriel<\/a>, Niko Nicolaou, Matt Torrance, Michael Flynn and JP Hohl are marketing the site.<\/p>\n The parcel sits between the Yonkers and Ludlow stations on the Metro-North Railroad’s Hudson Line, less than a 45-minute ride to Grand Central Terminal<\/a> in Midtown Manhattan<\/a>. It’s roughly a mile from the Bronx<\/a>‘s northern border.<\/p>\n Domino Sugar acquired the cane sugar refinery in 1990, but it was in use for more than 130 years,\u00a0The Journal News\/LoHud reported<\/a>. As of 2020, it processed more than 4 million pounds of sugar a day.\u00a0<\/p>\n West Palm Beach<\/a>-based American Sugar Refining announced in June<\/a>\u00a0it planned to shutter the refinery by the end of 2025 and relocate its operations to its plant in\u00a0Upstate New York. Roughly 300 workers were laid off. Yonkers Mayor Mike Spano, while expressing disappointment at the loss\u00a0of jobs, said he was excited\u00a0about the refinery’s real estate potential.<\/p>\n In a post on Facebook<\/a>\u00a0at the time, Spano said the site \u201cis one of the most valuable properties from here to Albany.\u201d<\/p>\n \u201cWe see this as another opportunity to continue the transformation happening in Yonkers,\u201d Spano wrote. \u201cHousing and recreation are the best uses for the Hudson waterfront these days, and our role will be to see that the interests of all Yonkers residents are met going forward.\u201d<\/p>\n More than 2,000 apartments have been built\u00a0along the Yonkers waterfront since 2018, according to Cushman, part of a development wave across Westchester County<\/a>‘s biggest cities in recent years. Approximately\u00a09,400 units\u00a0were delivered between\u00a02021 and 2024 in the four largest cities in the county \u2014 New Rochelle<\/a>, White Plains<\/a>, Yonkers and Mount Vernon \u2014 while just 3,100 were built in the rest of the suburban jurisdiction, according to an RM Friedland report<\/a>.<\/p>\n