Permits Filed: 5721 Broadway, 94-Unit Market-Rate Building in Kingsbridge

5721 Broadway5721 Broadway, overhead from Bing Maps

When YIMBY spoke to former Bronx Borough President Adolfo Carrión (now with Stagg Group) back in October, he told us that the development firm was “working on three market-rate projects on Broadway in Riverdale” to go along with their large 130-unit market-rate building at 1680 Pelham Parkway, on the other end of the northern Bronx.

Yesterday they took a step forward with one of those sites, with a new building permit filing for 5721 Broadway, technically downhill from Riverdale in Kingsbridge, next to the elevated 1 train structure.

The rental building is planned to have its 94 units spaced over 62,000 square feet of residential space, yielding an average apartment size of just 650 square feet, likely indicating a dominance of studios and one-bedrooms. The seven-story project also includes 20,000 square feet of medical office space.

While this corner of the Bronx has generally seen more market-rate development than the rest of the borough, the blocks to the west of the 1 train have not seen any new housing production until now. This is despite their designation for mixed-use construction.

Given that the Bloomberg housing regime concentrated development in the city’s gentrifying neighborhoods, it’s gratifying to see that there are still some projects occurring in areas where the demographic change is happening in the other direction (Kingsbridge, Riverdale, and the surrounding neighborhoods are becoming less white and more Dominican, and the blocks around 5731 Broadway are already majority Latino).

The de Blasio administration should seek to boost housing production in Kingsbridge and other neighborhoods like it, where market-rate new construction is most affordable. In the case of Kingsbridge, this would mean rezoning the less-than-stellar remaining single-family homes west of Broadway for tenement-scale development or larger. Allowing housing on the underutilized but highly transit-accessible commercial parcels east of Broadway would be another solution.

As with Stagg’s other projects, Badaly Architects will be responsible for the design of 5721 Broadway.

Talk about this project on the YIMBY Forums

For any questions, comments or feedback, email [email protected]

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews