Douglaston Development, New York State Homes and Community Renewal, and New York City Department of Housing Preservation and Development recently announced the closing of construction financing for a $93.5 million mixed-use affordable housing development. The senior housing development addressed as 2856 Webster Avenue will bring 188 units to the Bedford Park neighborhood in The Bronx.
2856 Webster Avenue
Earlier this week, the New York Botanical Gardens and Douglaston Development announced a collaboration to complete two new affordable housing projects in The Bronx’s Bedford Park. The buildings will take shape near the northwest corner of the New York Botanical Gardens at 2856 Webster Avenue and 410 Bedford Park Boulevard.
The New York Botanical Garden has released a Request for Proposals (RFP) for a mixed-use development assemblage at 2856-2870 Webster Avenue and 412 Bedford Park Boulevard, in Bedford Park. According to Curbed NY, the site could accommodate roughly 300 residential units, in addition to a 125-plus-key hotel and at least 12,000 square feet of retail. The site is located right above the Metro-North Railroad’s Botanical Garden station and currently consists of multiple low-rise commercial buildings. Proposal submissions are due on March 1, and the Garden is hoping to choose a developer before April.