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.
An 11-story building is nearing completion at 926 Sedgwick Avenue in the Highbridge section of the Bronx. At 117 feet high, the building stands as a minor but noticeable addition to the Harlem River skyline, perched upon the high river bank alongside both pre-war buildings and recent residential developments that flank the Major Deegan Expressway. Listed as a “transient hotel” in the building permits, the property will feature 64 units spread across 29,370 square feet of its 33,000-square-foot interior. Gerald J. Caliendo of Caliendo Architects is the applicant of record. Prasanna Venkatesha of Sita Ram LLC is listed as the owner.