Construction has topped out on the second phase of The Peninsula, a 100-percent affordable residential complex in Hunts Point, The Bronx. Developed and built by Gilbane Development, Hudson Companies, MHANY Management, and Broadway Builders, the entire master plan will consist of four mixed-use buildings yielding 740 affordable homes. The development will also contain a light-industrial manufacturing facility, 15,000 square feet of retail space, a grocery store, and 57,000 square feet of open public plazas. There will also be 52,000 square feet of community facility space slated to be occupied by a DOE administered Head Start facility, Inspiration Point’s cultural arts facility, and a Health and Wellness Center operated by UrbanHealth Plan. The property is located along Spofford Avenue between Manida and Tiffany Streets.
Exterior work is quickly progressing on the two topped-out towers, which are already mostly enclosed in their red brick façades and grids of floor-to-ceiling windows. The following image was taken from the future public plaza between phases one and two.
The second phase of The Peninsula. Photo courtesy of Hudson Companies.
Below is a rendering of the plaza, previewing trees and shrubbery surrounding the staircases and seating.
The second phase of The Peninsula. Rendering courtesy of Hudson Companies.
A topping-out ceremony was held last week and was attended by Bronx Borough President Vanessa Gibson and NYC Council Member Rafael Salamanca Jr. Also in attendance were representatives of the New York City Housing Preservation and Development (HPD), the New York City Economic Development Corporation (EDC), and THE POINT CDC.
Image courtesy of Summer Shower Productions.
Image courtesy of Summer Shower Productions.
Phase one of The Peninsula is located along the southwestern corner of the block and was completed in 2022. This phase contains 183 affordable rental apartments, a 14,000-square-foot cultural arts center, a 57,000-square-foot industrial building, and affordable artist studios. Its retail space is primarily occupied by minority and women-owned businesses and local food entrepreneurs, including Cake Pops NYC, Guang De Noodles, Nut Hatch, Bevi-Still, Birley Bakery, and AI-Rides.
The first phase of The Peninsula. Image courtesy of Hudson Companies.
Phase two of The Peninsula will cost $297 million and consists of two mixed-income, mixed-use, mid-rise buildings (2A and 2B) that will yield 359 additional affordable apartments in studio to four-bedroom layouts. Seventy-three percent of the units will be available at or below 60 percent of the area median income (AMI) and 15 percent will be reserved for formerly homeless households.
Looking northeast along Tiffany Street towards the second phase of The Peninsula in the background. Rendering courtesy of Hudson Companies.
The third phase will bring the final 218 affordable units at a later date.
Amenities in phase two will include fitness rooms, shared laundry rooms, an early childhood center, residential lounge spaces with access to outdoor terraces, common areas, Wi-Fi, and bicycle storage. Other amenities will include a 40,000-square-foot landscaped public pedestrian plaza, a garage with 155 underground parking spaces, and 20,000 square feet of community facility space. Sustainable design elements include rainwater harvesting and solar rooftop panels.
The nearest subway from the site is the 6 train at the Longwood Avenue station to the west.
Phase two of The Peninsula is slated for completion in July 2026.
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Quasi Public Housing ? Hope for success.
What does “affordable” mean for this project?