The Real Deal New York

$30M Bronx waterfront site could give way to big resi towers

University Heights parcel has nearly 1 million square feet of developable rights

November 19, 2014 12:00PM

bronx-resi-2

Bronx waterfront project (credit: Greenberg Farrow), with inset of Karl Brumback

A tract of waterfront property in the North Bronx’s University Heights, known to some as Fordham’s Landing, is being pitched as the perfect site for a massive residential tower development.

The property, which is located at 320 West Fordham Road along the Harlem River,  is on the market for $30 million. Massey Knakal Realty Services, which has the listing, said the buyer would acquire the rights to build nearly 1 million square feet of residential living space, according to the New York Daily News.

Massey Knakal’s Karl Brumback called the listing a “game-changer” for the North Bronx.

Brumback envisions four or five residential towers with a mix of market rate and affordable housing. But Friedland Realty Advisors analyst Steve Lorenzo said developers would be required to build a community-accessible feature to maximize the buildable space, the newspaper reported. [NYDN]TRD

  • KG18

    That’s the West Bronx… Not the north

  • Richard Garey

    This development looks eerily similar to River Park Towers which has essentially been a disaster for the West Bronx. It too is high density with a waterfront promenade. The primary issue is that the demographic that resides there cannot by in large afford to commute via the Metro North. Therefore, the station remains underutilized and the complex functions as an isolated warehouse for the impoverished. Unless the city either (A) mandates Fordham Landing be owner-occupied OR (B) provides regular subway shuttle service along the Metro North lines, I have low expections for Fordham Landing to function as a “game changer”.

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