Construction has broken ground on phase one of Bronx Point, a mixed-use development in the South Bronx. In addition to 542 affordable housing units, phase one includes construction of the Universal Hip Hop Museum, 2.8 acres of public open space, and a robust mix of community facilities.
575 Exterior Street
L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.
A 1,045-unit housing complex known as Bronx Point is now recognized as the first and only affordable housing project to achieve WEDG certification. The rating system was founded by the Waterfront Alliance, an independent offshoot of The Municipal Art Society of New York, that establishes guidelines for ecologically friendly waterfront design and construction.
Permits have been filed for a 23-story tower at 575 Exterior Street in Concourse Village, The Bronx. Bordering the Harlem River, the lot, also known as 65 East 149th Street, is located on the corner of Exterior Street and East 149th Street. Four blocks west is the 149 Street – Grand Concourse subway station, serviced by the 2,4, and 5 trains. David Dishy of L+M Development Partners is listed as the owner behind the applications.