Maddd Equities is responsible for one of the largest forthcoming developments in the South Bronx, a new 274,000-square-foot building in the borough’s Cromwell-Jerome neighborhood. Located at 1164 River Avenue, the development is currently in pre-construction and will eventually comprise 250 rental units and 88,000 square feet of lower-level commercial space.
A new four-story apartment building in the Charlotte Gardens section of the South Bronx may soon break ground following the release of architectural renderings from the project team. The development is located at 1432 Vyse Avenue and will eventually comprise 6,128 square feet of residential area.
The development team behind a waterfront logistics center in The Bronx’s Schuylerville neighborhood has secured $305 million in financing to fund construction. The New York City-based developers include Innovo Property Group and Square Mile Capital Management, who worked with Bank OZK and the Structured Finance platform of EverWest Real Estate Investors to structure the deal.
Permits have been filed for an 11-story mixed-use building at 668 East Fordham Road in Belmont, The Bronx. Located at the corner of Cambreleng Avenue and East Fordham Road, the lot is near the Fordham MetroNorth station and the Fordham Road subway station, serviced by the B and D trains. Shahin Daneshvar under the Shadi Development LLC is listed as the owner behind the applications.
Construction has started on Park Haven Apartments, a new mixed-income apartment complex in Mott Haven, The Bronx. Located at the corner of East 142nd Street and St. Ann’s Avenue, the ten-story building includes 178 residential units, a ground-level grocery store, and community facilities.