The northern neighborhoods of the Bronx are normally the sole province of market-rate builders, with developers building subsidized housing preferring the large, liberally zoned lots of the South Bronx.
But if a large enough chunk of land presents itself, northern Bronx neighborhoods like Bedford Park will occasionally see some new, below-market construction, as with 16 East 204th Street, an affordable housing project planned for the corner of Villa Avenue, between Jerome Avenue and the Grand Concourse.
The building would rise 12 stories and 113 feet into the air, in the vicinity of the MTA’s Jerome Avenue Yard, Lehman College, and Bronx Science. It would contain 54 apartments spread over 48,000 square feet of residential space, for an average unit size just under 900 square feet. The zoning does not allow any ground floor retail, despite the neighborhood’s high population density and general paucity of shops in the area.
OCV Architects, whose residential portfolio consists largely of subsidized projects, filed for the building permit. The developer is listed as Steve Zervoudis, associated with Galaxy General Contracting, which is based across the Jerome Park Reservoir in Kingsbridge. They picked up the land in 2013 for $783,000, or just $16 per buildable square foot.
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