In June of 2015, YIMBY reported on the Request for Proposals (RFP) launched by the city’s Department of Housing Preservation and Development (HPD) for the development site at 425 Grand Concourse, in Mott Haven. Now, Mayor Bill de Blasio’s administration has selected a development team for the 30,000-square-foot site, located on the corner of East 144th Street, Politico New York reports. Trinity Financial and MBD Community Housing Corporation will build a 24-story, 241-unit mixed-use building. The 300,000-square-foot tower will contain only below-market rate rental apartments, in addition to a charter school, a medical facility, community space for cultural and social programs, and a supermarket. It will also be the largest Passive House project in the city. Garrison Playground, located immediately to the north, will be rehabilitated. The city is expected to finance the project, which must first journey through the city’s Urban Land Use Review Procedure (ULURP) process. ULURP is scheduled to begin in early 2017.
425 Grand Concourse
Preservationists spent years decrying the state of the decrepit, city-owned school at 425 Grand Concourse in the South Bronx neighborhood of Mott Haven, until the city announced that it would demolish the landmarked Gothic building, formerly P.S. 31, in April. Now the Department of Housing Preservation and Development has released an RFP (request for proposals) to redevelop the property into affordable housing.
525 East 73rd Street [Commercial Observer]: The sale of 525 East 73rd Street has officially closed, with Memorial Sloan-Kettering paying a sum of $226 million per city files. Construction can now begin on a two-tower, 1.2 million square-foot medical complex, and “site preparation will resume within several weeks.”
456 Greenwich Street [Commercial Observer]: A trio of developers “are planning a 90- to 100-room,” 93,900 square-foot luxury hotel at 456 Greenwich Street, in Tribeca. A portion of the site is landmarked, but developers plan to…