Local developer and consulting agent Metro Futures has quietly revealed a new mixed-use residential building in Morrisania, The Bronx that could yield up to 261 residential units. Marin Architects is responsible for the design and the preliminary renderings. Permits for the development at 1041 Prospect Avenue have not been filed with the New York City Department of Buildings.
The existing lot measures 127,045 square feet and is currently occupied by a large single-story commercial building with a supermarket, several small-box retailers, and an associated parking lot, all owned and operated by Cactus Holdings. While the existing scope of the retail property is 65,000 square feet, Cactus Holding reports that approximately 352,000 square feet of construction would be allowed.
Renderings of 1041 Prospect Avenue reveal a 12-story mixed-use building with a series of deep cantilevers. These open setbacks could indicate large private terraces, small balconies, or outdoor recreation space. The illustrations also appear to reveal a large ground-floor retail component and outdoor parking area.
Considering the property’s location in the Morrisania section of The Bronx, the development could debut as an affordable housing, or at the very least mixed-income housing.
Metro Futures founder and chief executive Adolfo Carrión did not respond to inquiries regarding his company’s plans before the publishing of this report.