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September 23, 2019Cart

Business

by Westchester County Business Journal
by WCBJ

China Construction America marks opening of River Club at Hudson Park in Yonkers

Holding scissors for the ribbon-cutting ceremony, from left: Linsen Zhang, vice president and CFO of CCA and president of Strategic Capital; Huang Ping; Yonkers Mayor Mike Spano; Ning Yuan; Yonkers Majority Leader Michael Sabatino; and Yonkers Councilman John Rubbo. At far right is Phillip Gesue, chief development officer of Strategic Capital.

While President Trump and others in the administration ramped up the rhetoric and tariffs in the burgeoning trade war with China on May 16, there was plenty of Sino-American friendship on display in Yonkers as representatives of China Construction America joined city officials for a ribbon-cutting at CCA’s River Club at Hudson Park. Strategic Capital, the investment arm of CCA, hosted the event.

Although leasing of the apartments in the building at 63 Wells Ave. has been underway for more than five months, and CCA said the River Club is approximately half occupied, the ribbon-cutting provided an opportunity for officials from the Chinese development and financial giant and Yonkers to praise the city, the Hudson River waterfront and each other.

Last year, CCA was ranked as being the 46th-largest contractor in the U.S. on the Engineering News-Record 2018 Top 400 Contractors list. ENR placed CCA’s total revenue for the year at $1.574 billion.

CCA is a subsidiary of China State Construction Engineering Corp. Ltd., which operates in North and South America. The headquarters of CCA are in Jersey City. Its U.S. operations are mainly in East Coast and Gulf Coast states. In addition, it has projects in the Caribbean and Latin American countries.

The River Club building at which the ribbon-cutting was held is the fourth and final apartment structure in Strategic Capital’s Hudson Park development, covering 16 acres of the Yonkers waterfront area. All four buildings have rental apartments.

“China Construction America’s investment in the River Club is a testament to the ongoing revitalization of our downtown and the return of our waterfront to our residents,” said Yonkers Mayor Mike Spano. “The addition of River Club to our housing stock provides high-quality living and convenience that continues to make Yonkers the place to live, work and play.”

Ning Yuan, CCA’s chairman and president as well as Strategic Capital’s chairman and CEO, said, “River Club presented us with a unique opportunity – the city of Yonkers is in the midst of a massive transformation and the building’s waterfront location enabled us to ensure unprecedented views and a less than 30-minute-commute to Midtown Manhattan.”

Huang Ping, consul general of China in New York, attended the event. “This project further demonstrated that by cooperating together we can create a win-win result. When we continue with our cooperation we can further grow this good relationship between China and the U.S,” he said.

Hudson Park South, the first phase of the Hudson Park project, was completed in the spring of 2003 and was the first community to be developed on the Hudson River in Yonkers in more than 30 years.

The newest building is 240 feet high and has 213 apartments. Pricing begins at $1,720 for studios, $2,190 for one-bedroom units and $2,870 for two bedrooms. There is a fitness center and indoor swimming pool overlooking the Hudson River. A roof-level bar features views of the Manhattan skyline and New Jersey Palisades. The apartments have the latest in-home technology, including an automated package concierge locker system for deliveries, a smartphone video intercom and transportation information so residents can tell whether trains at the nearby Metro-North train station are on schedule.

“We set out to elevate the level of luxury in Westchester County and looking at the finished project now, and how it is resonating with residents, we couldn’t be prouder,” Yuan said.