Nehalkumar Gandhi, doing business as North Bergen, N.J.-based Ratan Realty, has filed applications for two six-story, 88-unit extended-stay hotels at 510 East 185th Street, in the West Bronx’s Belmont section. One of the buildings will measure 43,895 square feet while the other will measure 53,340 square feet. Across both, there will be a total of 121 hotel rooms located on the ground through third floors, and 55 apartment-hotel units located on the fourth through sixth floors. Amenities include off-street parking for 20 cars, storage for 34 bikes, laundry facilities, meeting rooms, fitness centers, and breakfast areas in the cellars. Michael Kang’s Flushing-based architectural firm is the architect of record. The 21,411-square-foot site, bound by Bassford and Bathgate avenues and East 185th Street, is currently occupied by a single-story warehouse. Demolition permits were filed in April. The site is six blocks south of Metro-North Railroad’s Fordham station.
Last year, residential development in the South Bronx was booming. This year, builders are looking at their future tax bills – without the 421-a tax break – and realizing that it’s safer and cheaper to build hotels than apartments.