We’re calling it: the South Bronx is in the midst of a market-rate boom – or at least, a boomlet. The corner of the city previously dominated by subsidized housing developers is finally seeing some love from for-profit builders, with permit applications submitted in recent months for a few market-rate housing projects and a “high-end hotel” on the Grand Concourse.
And now we can add another planned hotel project to the list. Earlier today, a permit application was filed to construct a nine-story, 94-key hotel at 860 East 147th Street, on the industrial eastern edge of Mott Haven, with nearly 32,000 square feet of net commercial space.
A Floral Park-based developer, listed as Srinivasan Kulandai on the permit application, closed on the land in October, paying $775,000 for the parcel, which includes a one-story brick building and a small 19th century home (though today the land is zoned only for commercial and industrial uses), for which demolition permits were filed last month. The architect is listed as Pirooz Soltanizadeh, with Jamaica-based Royal Engineering.
The filing is not the first we’ve seen in recent months for a new hotel in the South Bronx. In September, a new building permit application was filed on behalf of developer Sarjay Patel for a 75-key hotel at 335 Grand Concourse, at the corner of East 140th Street. There, the developer told YIMBY that he’s planning a “high-end hotel,” on a site that’s more desirable than the East 147th Street one, with proximity to Yankee Stadium, the Bronx’s courthouse complex, and a few other local institutions.
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