State mulls South Bronx megaproject over rail yard

Plan calls to deck over 13-acre property about half the size of Hudson Yards

New York /
Dec.December 02, 2016 07:59 AM

State officials are gauging interest from developers for a proposal to deck over a rail yard in the South Bronx, a project that isn’t contingent on city approval for a rezoning.

Empire State Development TRData LogoTINY last month released a request for expressions of interest asking developers to submit their proposals for leasing or buying the 13-acre parcel along the Harlem River just north of the Willis Avenue Bridge, then building a residential or mixed-use project on top, Crain’s reported.

This is not the only decking proposal in the borough. Earlier this year Bronx Borough President Ruben Diaz, Jr. released a report saying that a similar proposal to deck over a rail yard in the northwest section of the borough could make way for some 2 million square feet of development.

The state’s plan – unlike the borough president’s – doesn’t need a city rezoning, though, because the area is governed by something called a general project plan. Officials could change the zoning from manufacturing to residential through a state approval process.

“It’s exciting, and very rare to offer the opportunity to develop more than a dozen acres of prime waterfront land in New York City,” ESD Head Howard Zemsky said in a statement.

The property is now being used as a transfer station to move cargo between cross-country trains coming through the area. ESD plans to keep that use going forward. The proposal calls for providing waterfront access, developing affordable housing and contributing to the local economy.

The site, which clocks in at about 12.8 acres, is less than half of the size of Hudson Yards, and roughly equal to the size of the area Diaz, Jr. proposed to redevelop.

ESD plans to hold a site-tour in mid-December, with proposals due by February 2. [Crain’s] – Rich Bockmann


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
Silvercup Studios (Getty)

Outer-borough loan activity fired up in October

Outer-borough loan activity fired up in October
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
arrow_forward_ios

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

Loading...