New Jersey Community Capital has finalized an $8.5 million New Market Tax Credit loan to support the construction of The Hip Hop Museum at 585 Exterior Street in Mott Haven, The Bronx. The project will anchor Bronx Point, a 585,000-square-foot mixed-use complex designed by BrandNu and Gensler along the Harlem River. The Hip Hop Museum, which is being developed in partnership with L+M Development Partners, is the first global institution dedicated to Hip Hop culture and history. The facility is planned to include a research center, archive, educational programs, and career development opportunities, and is scheduled to open in summer 2026. The property is located between East 149th and 150th Street.
Bronx Point, which completed construction in 2023, includes 542 permanently affordable housing units, nearly 3 acres of public waterfront parkland, as well as retail and community space. In addition to The Hip Hop Museum, the campus also houses a K-12 charter school.
Rendering of Bronx Point, via NYCEDC
Transit nearby the museum includes the 4, B, and D trains at 161st Street–Yankee Stadium station.
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Hip hip hooray!
Any updates on when Phase II of Bronx Point is going to start?
It’s Bigger Than Hip-Hop
Apparently, Hip Hop was invented on Sedgwick Ave. down several blocks from my apartment in the 1970s. I was unaware of this at the time.
Very smart Idea. Perfect location to honor Hip Hop and education of the art form.
The Hip Hop Museum is in the Concourse neighborhood not Mott Haven.