Briarwood is city’s pick for $90M South Bronx affordable housing project

New York /
Dec.December 29, 2009 05:35 PM

In its latest effort to revitalize the South Bronx and ramp up housing options for the city’s low- and middle-income residents, the city has chosen Briarwood Organization for a new 260-unit affordable housing development in Melrose Commons. The $90 million project, which will also include 27,500 square feet of retail space, is slated for one of three remaining city-owned parcels in the Melrose Commons North Urban Renewal Area, where the city’s Department of Housing Preservation and Development is overseeing the creation of 770 affordable housing units in total. Briarwood and partners CPC Resources and the Bridge are exploring a variety of financing options. The site is part of 5.5 acres of land between East 161st and 163rd streets, between Courtlandt, Melrose and Ettona avenues. Phipps House Group and a partnership between Blue Sea Development and WHEDCo were also recently tapped by the city to build affordable housing complexes on sections of that land. [Crain’s]


Related Articles

arrow_forward_ios
At wits’ end over stalled project, “Skybox Chelsea” developer sues partner
At wits’ end over stalled project, “Skybox Chelsea” developer sues partner
At wits’ end over stalled project, “Skybox Chelsea” developer sues partner
Project Renewal CEO Eric Rosenbaum, Attorney Adam Leitman Bailey and 27 West 11th Street. (Google Maps, Facebook via Project Renewal, Bailey)
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
Housing Expert Shaun Donovan on his Bid for NYC Mayor
Shaun Donovan can do housing. Can he do politics?
Shaun Donovan can do housing. Can he do politics?
New York City Council Speaker Corey Johnson and Mayor Bill de Blasio (Getty)
City’s housing plan suffers major blow in “painful” budget
City’s housing plan suffers major blow in “painful” budget
A rendering of The Dime at 209 Havemeyer Street in Brooklyn (Credit: Fogarty Finger)
New city rule requires luxury rental buildings to house homeless families
New city rule requires luxury rental buildings to house homeless families
(Credit: iStock)
What’s wrong with J-51? Plenty, landlord reps say
What’s wrong with J-51? Plenty, landlord reps say
Louise Carroll (Credit: Twitter)
De Blasio selects Louise Carroll as new
HPD chief
De Blasio selects Louise Carroll as new
HPD chief
19 Kingsland Avenue in Bushwick (Credit: Google Maps)
More tensions are rising over the city’s multifamily-transfer program
More tensions are rising over the city’s multifamily-transfer program
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...