Palumbo is a graduate of HGAR’s Leadership Accelerator Program, a current HGAR and NYSAR Director, and has served as chair of HGAR’s Young Professionals Network.
The Yonkers store will total approximately 114,000 square feet and will feature 19 departments.
Despite being home to millions and some of the strongest local economies, Los Angeles, CA; Oxnard, CA; San Diego, CA; New York, NY and Spokane, WA are among the furthest from housing-supply balance.
The Yonkers store will total approximately 114,000 square feet and will feature 19 departments.
BOSTON—Retailer Wayfair Inc. announced plans earlier today for its next large-format retail store in Yonkers, set to open in early 2027 at Ridge Hill.
The news comes as the company celebrates the one-year anniversary of its inaugural large-format store in Wilmette, IL. The Yonkers announcement follows the previously revealed plans for Wayfair's Atlanta store, slated to open in 2026.
“Over the past year, we've seen firsthand how a thoughtfully designed physical store can deepen engagement, drive growth, and introduce the Wayfair brand to entirely new audiences,” said Liza Lefkowski, vice president of merchandising and stores at Wayfair. “The upcoming Yonkers store builds on that momentum—bringing our immersive retail experience to the New York metro area and delivering the same inspiration, convenience, and flexibility our customers have come to expect.”
The Yonkers store will total approximately 114,000 square feet and feature 19 departments showcasing furniture, décor, outdoor living, home improvement, and more. The store will also offer a large assortment of Wayfair Verified items, so shoppers can feel confident they're seeing some of the most trusted products, carefully reviewed by Wayfair for quality and value, company officials stated.
“New York is one of the most design-forward markets in the world, and Yonkers gives us the space to bring our retail vision to life,” added Lefkowski. “This location lets us serve everyone from Manhattan to Westchester and beyond with an inspiring, full-scale shopping experience that Wayfair is known for.”
The Ridge Hill store’s proximity to Wayfair's New Jersey fulfillment center will enable fast delivery of large items, enhancing the convenience of the in-store experience.
“Once again Yonkers is attracting innovative and transformative businesses to our city, like Wayfair,” said Yonkers Mayor Mike Spano. “Wayfair is a premier go-to destination for home shopping and Yonkers is excited to be among the first markets to host its large-format retail store. We look forward to seeing their Yonkers store prosper and attract shoppers here from around the region.”
Ridge Hill is owned by Jamestown, Nuveen Real Estate, and Taconic Partners through a joint venture partnership. Adam Schwegman and Morgan Liesenfelt, both of Jamestown, represented the property in the lease transaction with Wayfair, which generated $11.9 billion in net revenue for the 12 months ended March 31, 2025, and is headquartered in Boston.
Despite being home to millions and some of the strongest local economies, Los Angeles, CA; Oxnard, CA; San Diego, CA; New York, NY and Spokane, WA are among the furthest from housing-supply balance.
NAR Chief Economist Lawrence Yun expects four to six rate cuts will be approved by the Fed going forward.
Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
This draft language preserves or strengthens a raft of provisions vital to housing affordability.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.
