Empire State Development (ESD) has released a request for expression of interest (RFEI) for the 12.8-acre development site at 400 East 132nd Street, in the South Bronx’s Mott Haven section. The state is seeking to lease or sell the property, which is currently used as a transfer station for trains and trucks, to a development team that’s willing to deck over the station and build a mixed-use project, Crain’s reported. The property, zoned for manufacturing, is an “ESD General Project Plan,” which means the state, through its own approval process, is able to override local zoning regulations. Some percentage of affordable housing is likely envisioned by ESD. The site is owned by the state’s Department of Transportation. Responses are due by February 2, 2017.
The South Bronx was once known for burned-out buildings and entrenched poverty, but it’s now becoming a hub for new construction of both affordable and market-rate housing. A project that appears to be market-rate is headed to Longwood, a neighborhood in the southeastern Bronx.
A parking garage in Melrose, in the South Bronx, is about to give way to a large affordable residential project with a charter school. And we have the first look at the project at 600 East 156th Street, which is currently making its way through the city rezoning process.
A development team has been selected by the New York City Economic Development Corporation (NYCEDC) to build a five-building, 740-unit mixed-use project at the site of the abandoned Spofford Juvenile Detention Center. The facility, spread across five acres, is located at 1221 Spofford Avenue, in the South Bronx’s Hunts Point section. The development team comprises of Gilbane Development Company, the Hudson Companies, and Mutual Housing Association of New York.
Real estate watchers are keeping an eye on development in the Bronx, as talks over the future of the 421-a tax break, which greased the skids for new construction in the borough, drag on into the ninth month. Despite the impasse, developers are still planning small buildings in the Bronx.