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.
Last year, YIMBY revealed the two-story, 88,000 square-foot Triangle Plaza Hub planned at 459 East 149th Street, in South Bronx. Now the commercial and community building is close to being fully leased, according to the Daily News. The building is expected to open this upcoming fall, and tenants include Brightpoint Health, DaVita Dialysis Center, Vistasite Eye Care, Fine Fare Supermarket, Metropolitan College of New York and Boston Market. Triangle Equities is developing, and S9 Architecture is designing.
Much like City Island, Throgs Neck and its traditionally middle class Irish and Italian community resisted the abandonment and disinvestment that swept across the Bronx in the ’70s and ’80s. And even as property values have risen in the southeastern Bronx neighborhood, a 2004 rezoning has stunted most new construction. But one developer has found a way to make the restrictive zoning work for him and filed plans for five new townhouses at 2626-2634 Miles Avenue.
Queen’s-based B&H Contracting Group has filed applications for a seven-story, seven-unit residential building spanning the vacant through-block lot at 1701 Anthony Avenue, in Claremont, just below the Cross-Bronx Expressway. The building will measure 8,466 square feet and will boast surprisingly large apartments, averaging 1,210 square feet each. Percy Griffin’s Griffin Architect & Planner is the applicant of record.
It’s been a busy week for Bronx permits at the Department of Buildings, and now we have a second filing for a market-rate building from Midtown South-based developer Kim Tasher. Prolific Bronx designers Badaly Architects filed a new building application today for an eight-story development at 1685 Monroe Avenue in the Claremont section of the Bronx, just half a block south of the Cross Bronx Expressway.
