The West Bronx is teeming with affordable housing developments, and today’s is located in the Fordham section, between the Jerome Avenue elevated 4 train and the D on the Grand Concourse, just north of Burnside Avenue. On Monday, permits were filed for a 10-story, 92-unit building at 2065 Walton Avenue.
The building, like all large-scale developments in this part of the Bronx, will be 100 percent below-market. The developer is Alan Bell, who left the Hudson Companies a few years ago to concentrate on his own firm (variously known as Bell Urban and B&B Supportive). He’ll be working on the project with Jericho Project, which is involved in a number of supportive housing projects for the formerly-homeless in Upper Manhattan and the Bronx. They purchased the land last November for $1.15 million, a slight discount off the $1.3 million asking price.
According to Jericho, 60 percent of the apartments will go to homeless veterans, with the remainder going to homeless youth between the ages of 18 and 25, with “a special focus on LGBT youth.” With 45,390 square feet of residential space, each apartment will average just under 500 square feet.
MHG Architects is the designer; the firm is headed by Michael Gelfand, and has built a number of affordable housing projects in New York. Jericho says they hope to have the project completed by early 2016.
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