Melrose



la central fxfowle

$335 Million in Financing Secured for Second Phase of La Central Development, South Bronx

The team behind the La Central Development has closed a deal for financing towards the construction of their massive mixed-use project in the Melrose Community of the South Bronx. This is one of the largest mixed-income projects currently under construction in New York City. Once complete, the project will span 1.1 million square feet, with five buildings and 992 units entirely devoted to affordable housing.

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370 East 158th Street

Permits Filed for 370 East 158th Street, Melrose, The Bronx

New building applications have been filed for a seven-story mixed-use project at 370 East 158th Street, in The Bronx’s Melrose neighborhood. The site is currently occupied by a dilapidated three-family home, for which demolition permits were pulled last November. The new occupant will contain a 2,082 square-foot community facility on the first floor, topped by 8,458 square feet of residential space up above, which will be divided amongst 12 units, for a rental-sized average of just over 700 square feet. Ling Li of Li Architect Associate, PLLC, is the architect of record, and Nasser Rachid is the site’s developer.

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368 East 152nd Street

Seven-Story, 20-Unit Condominium Project Geared to Artists Planned at 368 East 152nd Street, Melrose

ArtCondo, a Brooklyn-based real estate group, is planning to develop a seven-story, 20-unit mixed-use building, geared specifically to artists, at 368 East 152nd Street in the South Bronx’s Melrose section. The project will include community facility space, creative works paces in the basement and residential condominium units, Welcome2TheBronx reported. New building applications have not been filed at this time. The vacant 6,344-square-foot site could accommodate up to 30,451 square feet of new development, 21,823 square feet of which could be used as residential space. Construction is anticipated to begin in the coming months.


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