Large dev project could rise next to New York Botanical Garden

Bronx site can accomodate 300 resi units, 125-key hotel and 12K sf of retail

TRD New York /
Jan.January 22, 2016 09:00 AM

The New York Botanical Garden is getting in on the action in the Bronx, having issued a request for proposals for a “major” mixed-use development site located adjacent to the landmark institution.

The property in question sits on the southeast corner of Webster Avenue and Bedford Park Boulevard, one block from the New York Botanical Garden’s entrance. The site can accommodate roughly 300 residential units, a 125-room hotel and around 12,000 square feet of retail, the Botanical Garden said in a press release.

Developers have until 5 p.m. on March 1 to submit proposals for the parcel, with the Botanical Garden – which owns the acre-plus property – set to pick its favored option by the end of March, according to Curbed.

The redevelopment of the site – which is currently occupied by a supermarket, a parking lot and a laundromat – is made possible by the 2011 rezoning of an 80-block area in the Bronx, which was intended to spur residential development in areas previously zoned for commercial.

The New York City Economic Development Corp. issued a “vision plan” shortly after the rezoning that recast Webster Avenue as a “vibrant mixed-use” corridor for the borough.

But the area surrounding the Botanical Garden, near Fordham University’s Rose Hill campus, has yet to see the sort of development that promises to transform South Bronx neighborhoods like Mott Haven and Port Morris. [Curbed]Rey Mashayekhi


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

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

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

Maddd Equities, Joy Construction score $64M for massive Bronx project
2055 Anthony Avenue and 1416 Ferris Place (Google Maps)

Ved Parkash picks up Fordham Heights apartment building

Ved Parkash picks up Fordham Heights apartment building
41 Haight Street in Flushing and 1290 Viele Avenue in Bronx (Google Maps; iStock)

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales
Bronx-Manhattan North Association of Realtors' Eliezer Rodriguez and Hudson Gateway Association of Realtors' Richard Haggerty (Photos via Facebook)

New York’s biggest MLS gets bigger after merger

New York’s biggest MLS gets bigger after merger
AIG CEO Brian Duperreault and Brooklyn Navy Yard project, with Andrew Joblon and 980 East 149th Street (Turnbridge, Brooklyn Navy Yard)

These were the top outer-borough loans in September

These were the top outer-borough loans in September
Silverback's Josh Schuster and 580 Gerard Avenue (Google Maps) 

Silverback plans 200-unit South Bronx Opportunity Zone project

Silverback plans 200-unit South Bronx Opportunity Zone project
arrow_forward_ios

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

Loading...