The next phase of development at 2856 Webster Avenue, a new affordable housing complex in Bedford Park, The Bronx will introduce a sprawling new grocery store operated by Cherry Valley Marketplace. The retailer has committed to operate under guidelines established New York City’s Food Retail Expansion to Support Heath (FRESH) program, which promotes the establishment and retention of grocery stores that dedicate required selling space to perishable food items within underserved communities.
Cherry Valley will continue to operate its existing store at 410 Bedford Park Boulevard while the first phase of construction is underway. The retailer will relocate to the new 12,373-square-foot facility when the first phase of construction is complete. Upon completion of phase two, the retailer will expand an additional 8,000 square feet.
Douglaston Development, the entity responsible for the housing complex, received a zoning incentives package from the New York City Department of City Planning in exchange for its commitment to keep healthy grocery stores available to the community.
“We know that keeping Cherry Valley Marketplace in the neighborhood is a top priority for the community, and we are delighted to be making that happen,” said Russell Lang, senior vice president at Douglaston Development. “As a result of this lease signing, Cherry Valley will significantly upgrade its facilities and continue to be a staple of the Bedford community as it has been since its inception in 2006.”
Designed by Stephen B. Jacobs Group, overall development will include 448 affordable housing units spread across two buildings at 2856 Webster Avenue and 410 Bedford Park Boulevard on land owned by The New York Botanical Garden. In addition to the ground-floor market, the building will also house Fordham Bedford Community Services, which will offer on-site social services to building residents and the surrounding community.
In January, Douglaston Development successfully secured a $93.5 million financing package to construct the buildings, all but assuring completion of the project. The building is expected to debut by the end of 2022.