The South Bronx is finally seeing the first glimpses of large, market-rate development, and one hotel developer has taken the plunge by filing new building applications for a 13-story apartment building at 477 Gerard Avenue in Mott Haven, next to his under construction hotel at 500 Exterior Street.
Renderings have surfaced for M. Melnick & Company’s planned 17-story, 134-unit mixed-use building at 810 River Avenue, in the Concourse, a block from the B, D and 4 trains’ stop at 161st Street/Yankee Stadium. Per Curbed, the building will measure 151,250 square feet in total, and will feature 24,560 and 1,680 square feet of retail and community space, respectively, across the first two stories. Apartments will average 933 square feet, and SLCE Architects is designing. Excavation work is currently underway.
Last week YIMBY revealed two little market-rate projects on Alexander Avenue in Mott Haven. Now the same builder, JCAL Development, is planning the largest market-rate development that the South Bronx has seen in years. New building applications were filed earlier this week for a 12-story building a few blocks south at 329 East 132nd Street, near the Willis Avenue Bridge and the Harlem River waterfront.
New market-rate development is finally happening in the South Bronx, and JCAL Development is leading the way with two small buildings under construction near the Major Deegan Expressway in Mott Haven. Now YIMBY has renderings and construction updates for those two projects at 135 and 136 Alexander Avenue, between East 134th Street and Bruckner Boulevard.
Nelson Management paid $51.5 million for the four-building, rent-stabilized complex known as Lafayette Boynton in the Soundview section of the South Bronx in 2011, and they just spent another $17 million renovating its 972 apartments. Now the Forest Hills-based firm plans to build two more 13-story towers in the sprawling development next to Soundview Park.