Brookfield Properties has officially announced its Bankside mixed-use project in Mott Haven, near the southern tip of The Bronx. The development includes seven residential buildings, 34,000 square feet of public waterfront space along the Harlem River, 15,000 square feet of retail, and a mix of community facilities.
Currently under construction, Bankside is touted as one of the largest private investments in the borough’s history.
“We are excited to unveil the new Bankside name and design and to commence construction, bringing the development to life,” said Brookfield Property Group chairman Ric Clark. “Mott Haven is a special neighborhood, and we think Bankside will be a great addition, bringing much-needed housing, a new public waterfront park and esplanade, and hundreds of construction jobs, many of which will be filled with Bronx residents through our local hiring program.”
When complete, the entire development will yield 1,350 apartments, with 30 percent designated to be income-targeted through the Affordable Housing New York program. Phase one is expected to debut by the end of 2021 and includes construction of 2401 Third Avenue. This tower will contain 450 residential apartments.
Bankside is designed by Hill West Architects, whose project team drew inspiration from the heavy industrial texture of the Mott Haven neighborhood. In an attempt to evoke that history, building materials throughout the development consist of rusticated masonry, dark metal accents, and raw concrete.
Specific information regarding future phases and the mix of components within each tower has not yet been revealed by the developer.