The Community Lending and Investment division of Wells Fargo has reached a new milestone, $780.3 million in construction financing for affordable housing projects in New York City and Westchester County. The figure represents five loans, all closed in June 2023, the company’s largest-ever half-cycle allocation.
Dynamic Star has revealed the first renderings and detailed plans for One Fordham Landing, a mixed-use, high-rise development at 320 West Fordham Road in The Bronx. Designed by Perkins Eastman, the property is taking shape in the University Heights neighborhood, just south of West Fordham Road along the Harlem River waterfront.
Permits have been filed for a four-story residential building at 717 Bartholdi Street in Williamsbridge, The Bronx. Located at the intersection of Bartholdi Street and Cruger Avenue, the corner lot is near the Gun Hill Road subway station, serviced by the 2 and 5 trains. Gjovan Rroku of New Line Construction is listed as the owner behind the applications.
Rockabill Consulting has closed on an $89 million financial package to facilitate completion of 671 Tinton Avenue, a new affordable housing property in the South Bronx. The development, known as St. Anselm Apartments, is located in the Woodstock neighborhood and will comprise 126 apartments, including 63 supportive housing units.
Williamsbridge Gardens, a 170-unit affordable housing complex in The Bronx, is now complete. Located in the Williamsbridge neighborhood, the property consists of two eight-story buildings along East 211th and East 212th Streets between White Plains Road and Holland Avenue.
