Bronx

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$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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909 East 229th Street, elevation by Badaly Architects

Permits Filed, First Look at 909 East 229th Street, Wakefield, The Bronx

Permits have been filed for a four-story residential building at 909 East 229th Street, in The Bronx’s Wakefield neighborhood. The site is nine blocks away from 233rd Street Subway Station, serviced by the 2 and 5 trains. SThe White Plains Road commercial thoroughfare is also six blocks away. Bronx-based Atlantis Renovations Inc. will be responsible for the development.

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Rendering of 1755 Watson Avenue. Via Azimuth Development Group.

Permits Filed after Rezoning for 1755 Watson Avenue, Soundview, The Bronx

Permits have been filed for a 312,880 square foot mixed-use building at 1755 Watson Avenue in Soundview, Bronx. The project was made possible after the site was rezoned from R5 to R7A. R5 zoning allows for a floor area ration (FAR) development of 1.25, which would typically produce a three or four-story attached house. R7A zoning allows for 4.0 FAR, and a maximum height limit of 85 feet, the exact height of this new building. Azimuth Development Group is responsible for the development.

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1561 Walton Avenue, rendering courtesy Briarwood Organization

Construction Complete for 1561 Walton Avenue, Concourse, The Bronx

Construction has wrapped on an affordable housing project at 1561 Walton Avenue, in The Bronx’s Concourse neighborhood. The 11-story building was a joint development by the Briarwood Organization and the Settlement Housing Fund (SHF), to create 59 affordable apartments for people with an income of 40% to 90% relative to the Area Median Income. The building was designed with the goal of fostering community within open spaces. Briarwood is also responsible for general contracting, while SHF is responsible for development.

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