Two remote Brooklyn, Bronx spots ripe for development: study

University Heights and Broadway Junction have infrastructure to support residential enclaves

TRD New York /
Sep.September 23, 2014 02:35 PM

A pair of long-overlooked spots in the far reaches of Brooklyn and the Bronx are ripe for development, according to two reports released Monday by the Urban Land Institute.

University Heights, a West Bronx neighborhood that borders the Harlem River, and Broadway Junction in Brooklyn’s East New York are longtime industrial enclaves that could support residential development, according to the reports, which were sponsored by the Department of City Planning and complimented two proposals for the areas released earlier this year.

While University Heights is largely cut off from the rest of the borough by Metro North railroad tracks and the Major Deegan Expressway, the report points to the waterfront access potential, location next to Metro North and MTA Select Bus Service stops as potential harbingers of residential success. Broadway Junction is similarly desolate, according to the report, but boasts a strong transportation network.

“Places like Broadway Junction were designed as transit hubs, but the idea of transit-oriented development only came afterward,” Janice Barnes, a principal at architecture firm Perkins + Will, told Crain’s.

Earlier this year, the de Blasio administration called for the closure of several roads in the Brooklyn neighborhood and consolidating land ownership to craft a more pedestrian-friendly environment and lure mixed-use tenants. Future development of Both Broadway Junction and University Heights would also help the administration meet its current affordable housing mandate, Felix Ciampa, executive director of Urban Land Institute New York, told Crain’s. [Crain’s]Julie Strickland


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 950 and 957 Woodycrest Avenue in the Bronx and 47-50 30th Street in Queens (Credit: Google Maps)

Here’s what the $20M-$30M NYC investment sales market looked like last week

A rendering of 210 East 135th Street 

Cheskel Schwimmer lands $65M construction loan for South Bronx project

An aerial of 1580 Story Avenue in the Bronx (Credit: Google Maps)

Brooklyn developer Joel Braver planning gargantuan resi project in the Bronx

arrow_forward_ios