YONKERS – The Yonkers Industrial Development Agency on Tuesday gave final approval to incentives for FedEx to build a new distribution center on Tuckahoe Road as well as final approval to assist the Simone Development Group in redeveloping the former Boyce Thompson property in northern Yonkers as a medical and retail center.
The two projects represent $150 million in new investment in the city, Mayor Michael Spano said.
The Yonkers FedEx plan is part of a $2.9 billion nationwide rebuild of the company’s hubs and pickup/delivery locations. The 123,000 square foot facility on the site of a former motel on Tuckahoe Road will handle small packages and replace a smaller rented facility in the Bronx. It will provide 15 full-time jobs and 43 part-time jobs.
The 85,000 square foot Boyce Thompson project, underway since June, received another boost in August when St. John’s Riverside Hospital agreed to lease 15,000 SQ of the renovated property for medical officers. The $35 million plan by the Simone Group will transform the empty agricultural research center into medical officers, retail and restaurants.
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