The South Bronx is about to experience an unprecedented construction boom, and the Chetrit Group and Somerset Partners have jumped on the bandwagon by filing new building applications for two 25-story towers at 101 Lincoln Avenue and 2401 3rd Avenue in Mott Haven.
2401 3rd Avenue
Earlier this year, Chetrit Group and Somerset Partners purchased two Bronx waterfront development sites at 2401 3rd Avenue and 101 Lincoln Avenue, in Port Morris, surrounding both sides of the Third Avenue Bridge, and now Curbed has the details for their project. The developers plan two 25-story towers totaling 1,600 residential units, across 1.3 million square feet, and retail space will span the first two floors. The site is currently occupied by warehouses.
646 Lorimer Street [The Wall Street Journal]: Synapse Development Group has released renderings of their planned 14-story, 110-key mixed-use Yotel at 646 Lorimer Street, in Williamsburg. HWKN is designing, and completion is expected by Spring 2017. 401 West 31st Street [Real Estate…