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

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