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Abandoned Power Plant on the Hudson River to Become Hotel, Convention Center

Abandoned Power Plant on the Hudson River to Become Hotel, Convention Center

Glenwood Power Plant in Yonkers. (June Marie / Flickr)
Glenwood Power Plant in Yonkers. (June Marie / Flickr)
Glenwood Power Plant in Yonkers. (June Marie / Flickr)

It has been nearly five decades since the Glenwood Power Plant in Yonkers, New York closed its doors, but developer Ron Shemesh has plans to transform this four-building complex on the Hudson into a hotel and convention center. The Wall Street Journal reported that Mr. Shemesh, a plastics manufacturer from the area, bought the property from investor Ken Capolino for $3 million. The project will be costly, however. Mr. Shemesh will need to raise around $155 million to redevelop the plant. In December, the Mid-Hudson Economic Development Council gave Mr. Shemesh a small economic boost with a $1 million grant to preserve the sprawling complex.

(urban archaeology / Flickr)
(urban archaeology / Flickr)
(ChristopherTitzer / Flickr)
(ChristopherTitzer / Flickr)
(Nate Dorr / Flickr)
(Nate Dorr / Flickr)
(ChristopherTitzer / Flickr)
(ChristopherTitzer / Flickr)
(Nate Dorr / Flickr)
(Nate Dorr / Flickr)
(Nate Dorr / Flickr)
(Nate Dorr / Flickr)