Developers have secured $130 million in construction financing for The 360, a planned 13-story residential building at 350 Grand Concourse in Mott Haven, The Bronx. Designed by S9 Architecture and developed in a joint venture between Shorewood Real Estate Group and Bogopa Enterprises, the 320,000-square-foot structure will yield 304 rental units. The project will also contain community facility space and 47,892 square feet of ground-floor retail that is pre-leased to Food Bazaar. Seventy-six of the residential units will be dedicated to affordable housing for households earning up to 60 percent of the area median income. The property is located between East 140th and 144th Streets.
Renderings of The 360 depict a sprawling, bulky massing with stepped setbacks topped with landscaped terraces beginning on the tenth floor. The building will feature a distinctive façade design with a two-story grid of fluted, gold-hued paneling that diminishes in thickness on the upper levels. The rest of the exterior will be clad in dark gray paneling surrounding a grid of recessed rectangular windows.
The ground floor will utilize floor-to-ceiling glass for the grocery store frontage, and a parking garage entrance is shown directly adjacent to the north of the retail space. The residential entrance will sit at the northwest corner, and a landscaped roof deck will cap the structure.
350 Grand Concourse. Designed by S9 Architecture.
The property was formerly occupied by a gas station, as seen in the below Google Street View image from before its demolition.
350 Grand Concourse in Mott Haven, The Bronx via Google Maps.
PCCP provided the loan in a deal arranged by JLL Capital Markets, with managing director Lauren Kaufman and senior director Nicco Lupo handling the transaction. Additional incentives for the upcoming project include the FRESH certification, which provides zoning incentives for projects with qualifying grocery stores, as well as the brownfield cleanup program, which may offer tax credits and technical oversight for developers.
Residential amenities will include coworking spaces, a fitness center, and a rooftop lounge. A full list has yet to be disclosed.
The nearest subways from the ground-up development are the 2, 4 and 5 trains at the 149th Street–Grand Concourse station to the north.
360 Grand Concourse’s anticipated completion date is slated for 2028.
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They’re naming a building at 350 Grand Concourse, ‘The 360’, really?
No stranger than the ugly “Hotel 365” located next door at 346.
In reality though, I’m quite sure the lot address 360 is part of this assemblage. That’s where they’re getting the corny name. 350 is probably just on this filing because it’s the first lot address adjacent to another property.
Pretty sure that every time a developer proposes one of these ghastly William Beaver-style façades, YIMBY reflexively refuses to see it for what it is. Hence, bright yellow racing stripes are absurdly described as “fluted, gold-hued paneling.”
60% of the area median income? Really, what about us that have always lived in that area and are now seniors or unable to work due to a disability? We get kicked to the bucket because we no longer can work?
It replaces a gas station, nobody gets kicked here
I’ve always wondered if people would shop at Food Bazaar if it was called Bazaar Food instead.
-Deep Thoughts by Jack Handey
The Lower Concourse is The Bronx’s LIC, but more affordable. With Hostos Community College and the other new housing currently under construction it needs more places for people to eat and drink. There is no need for a Food Bazaar as there is one a few blocks up at the mall, unless its moving? Lastly, there is a drug rehab place two buildings down from this development. That needs to go if anyone really cares about making what is becoming a pretty cool neighborhood.
I’d hate to have my neighborhood be called anywhere’s LIC. That neighborhood has zero soul or cultural cachet with the exception of Queensbridge Houses. It’s just a bunch of glass towers with hot pot restaurants on every other corner.
The Lower Concourse should strive to be more like Bushwick which actually has popular bars, restaurants, and event spaces that have tons of demand from all over the city. The area already has a lot of industrial space that could easily be converted to a commercial space similar to the area around the Jefferson St stop on the L.
Gives soviet vibes, it’s going to be super depressing to look at that whole corridor.
Maybe if they planted some trees in front.
Huge and not pretty, but it could be worse. Unfortunately like Key Foods, Food Bazaar has doubled their prices. Greed is the new old god.
I’ve really started to see a disturbing trend accelerate recently with facades that would have been spec’d for masonry instead going the paneling route, or worse, EIFS styrostucco.
It looks like the East Germany Communist Party headquarters.
It is really to bad they didn’t work something out with the MTA to include some of the vacant MetroNorth property behind this lot in this development. The MTA could always use more money, and the back lot is nearly as deep as the front lot so this building could have be 2x as big.