Saber-Hightower, Rafferty Real Estate, and Eagle Realty Group Break Ground on The Ibex at Ridge Hill, a $140 Million Residential Tower in Yonkers
Business Wire•05/10/2026•15:20 ET
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Key Highlights
- ➤$140 million project begins construction in Yonkers
- ➤Bank OZK (OZK) provides construction financing
- ➤17-story tower will include 282 rental units
- ➤28 affordable units planned within the development
- ➤First units expected to be available in late 2028
Expert Statements
Greg Belew, Managing Principal of Saber-Hightower
“We are excited to become an important part of this world-class mixed-use center”
Greg Belew, Managing Principal of Saber-Hightower
“Our residents will have the ability to walk out the door and enjoy a wide variety of dining, shopping, and entertainment options.”
Greg Belew, Managing Principal of Saber-Hightower
“I worked with two prior owners of Ridge Hill to make this happen and finally found success working with Jamestown and its partners in the Ridge Hill ownership group”
Greg Belew, Managing Principal of Saber-Hightower
“They have a great vision for the future of the center and have been amazing partners throughout the predevelopment process.”
Mike Daly, Managing Director of Rafferty Real Estate
“We are proud to partner with Saber-Hightower on this project. This development team has been responsible for some of the most iconic buildings in the Westchester and Fairfield County markets, and we have no doubt that The Ibex will be a leader in the luxury market with a great location in one of the best walkable retail lifestyle centers in the region.”
Saber-Hightower, Rafferty Real Estate, and Eagle Realty Group Break Ground on The Ibex at Ridge Hill, a $140 Million Residential Tower in Yonkers
Joint venture closes on land acquisition and Bank OZK construction financing for the 17-story, 282-unit building. First units expected in late 2028.
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