L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.
Hudson Companies has achieved a major milestone at La Central, a 1.1-million-square-foot affordable housing development in The Bronx, where a collection of new commercial tenants will soon open shop. Tenants include a community-based café, a sit-down Mexican restaurant, a take-out pizza shop, an organic grocer, and an operator for the 135-space on-site parking garage.
Rezoning proposals from a local developer reveal what could be a new 11-story affordable housing building in the Mott Haven section of The Bronx. Located at 431 Concord Avenue, the building would comprise 87,369 square feet and yield 92 affordable units.
Leasing has launched at The Arches, a dual-tower residential project at 224-228 East 135th Street in Mott Haven, The Bronx. The development comprises a pair of 25-story buildings and is located just a couple blocks from the Harlem River waterfront.
The Doe Fund and Bolivar Development have officially kicked off construction at Tiffany Court Plaza in the Foxhurst section of The Bronx. Located at 980 Westchester Avenue, the mixed-use building will eventually top out at seven stories and will comprise approximately 155,000 square feet.