The Real Deal New York

City Island sees first large residential project in 15 years

The development will launch sales this fall

August 16, 2014 05:00PM

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Renderings of condos in the development On the Sound

Renderings of condos in the development On the Sound

New developments are rarely proposed on City Island, a 230-acre island on the eastern edge of the Bronx, but the island is now set to receive a 43-unit condo building.

The project is the first large-scale residential development proposed on City Island in about 15 years, according to the New York Times.

Construction is already underway and sales are expected to launch this fall, according to Thomas Ryan, senior vice president of Greystone, the property development company.

The project will feature 21 two-family dwellings, as well as one single-family home and a clubhouse on five waterfront acres at 226 Fordham Place.

“Without doing any marketing whatsoever, just by putting up a construction fence and putting excavators out there, we’ve had a lot of interest,” Ryan said. “There seems to be high demand for what we’re doing.” [NYT] Christopher Cameron

  • realposter

    Looks nice – but I hope they elevate it enough in case of future floods.

  • Cummbottom

    Gentrification Bronx the poor mans neighborhood. Now affluent trying to what?Displace those what happen Treasure Island. San Francisco many Brooklyn developers eager. To build deals failed even. Chinese decline Bronx and Northern New Jersey. Hot markets for commercial and residential. They’ll be market rate lobby. For BMR units since NYC is fair. City Bronx is getting pricey!

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