St. Barnabas Hospital plans 243K sf resi complex in the Bronx

L+M Development will develop the two-building, 181-unit project

New York /
Feb.February 19, 2016 03:30 PM

St. Barnabas Hospital, working with L+M Development Partners and Hornig Capital Partners, filed permits to build a massive new residential complex in the Belmont section of the Bronx.

The hospital plans a 243,455-square-foot, two-building complex that would include 181 apartments at an empty plot at 4507 Third Avenue, between 182nd and 183rd streets.

The building to the east will stand 11 stories and 120 feet while the western building is slated to rise seven stories, according to the permit application.

On the development’s ground floor, there would be an ambulatory care center and space for retail. The complex will also have a community facility, recreation rooms, a terrace and roof deck, New York YIMBY reported.

Upon completion, there would be 173,054 square feet of residential space, 53,391 square feet of community facilities, and 17,000 square feet of retail.

Dattner Architects have been tapped to design the project.

The hospital purchased 4507 Third Avenue along with two adjacent properties for $5.1 million in 2007, according to city property records.

Last year L+M Development and Hornig Capital Partners filed plans to build a 12-story, 127,000-square-foot affordable housing rental building at 4439 Third Avenue between East 181st and East 182nd streets, a long-vacant lot next to the hospital, as The Real Deal reported. The building will include 11,500 square feet of commercial space.

A spokesperson told TRD at the time that the 133-unit building would be designated entirely affordable. No word yet if the hospital’s complex will have affordable housing. [YIMBY]Dusica Sue Malesevic


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
Clockwise from top left: 1529 62nd Street in Bensonhurst, 46-28 21st Street in Long Island City, 128 Houston Street in the Bowery, 718 East 211 Street in East Bronx and 47 West 55th Street in Midtown (Google Maps)

Mid-market sales slow in final weeks of the year

Mid-market sales slow in final weeks of the year
From left: Eliot Spitzer, 420 Kent Avenue, Two Trees Management’s Jed Walentas  and 300 Ashland Place in Brooklyn (Photos via Getty; ODA Architecture, 300 Ashland)

These were the largest outer-borough real estate loans in November

These were the largest outer-borough real estate loans in November
Union Crossing at 825 East 141st Street with LibreMax's Greg Lippmann (Union Crossing Bronx; LibreMax)

$78.6M sub-performing loan on Union Crossing up for sale

$78.6M sub-performing loan on Union Crossing up for sale
L+M Development Partners' Ron Moelis and a rendering of Sendero Verdo (Photos via L+M; Handel Architects)

L+M in deal with union laborers to cut wages on affordable projects

L+M in deal with union laborers to cut wages on affordable projects
Related chairman Stephen Ross and 265-475 Cherry Street (Getty; Google Maps)

Related to buy Section 8 buildings for $435M

Related to buy Section 8 buildings for $435M
arrow_forward_ios

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

Loading...