Bronx affordable housing now comes with solar panels, rooftop farms and concert halls

More than 5,000 affordable units are being planning in the South Bronx alone

TRD New York /
Mar.March 03, 2017 09:35 AM

From top: La Central, Crossroads Plaza and Jeff Levine

Developers are flooding the Bronx with thousands of new affordable units, but it’s far from business as usual at a crop of new buildings. New supply is coming online with condo-like amenities such as rooftop farms, breweries, concert halls and more.

With some of the only affordable land left in the city, the borough is drawing developers eager to scoop up available development sites. And with condo prices softening across the city, some major sponsors are keen to expand their affordable housing game.

“Affordable housing may have relatively modest rewards, but it also has modest risks, and that’s good place to be sometimes,” Douglaston Development’s Jeff Levine told the New York Times. Douglaston Is Building Crossroads Plaza, a three-building, 425-unit complex in Mott Haven that will have a 20,000 Square Foot Public Plaza.

With 5,000 affordable units in the pipeline in the South Bronx — which has also seen a frenzy of market rate development — competition is heating up for land and sites.

Among the new projects is the Peninsula, a five-building complex with 740 affordable units, a bakery, brewery and 21,000 square feet of stores at the old site of the Spofford Juvenile Center in Hunts Point. The $300 million project is being developed by Gilbane Development Co., Hudson Companies and Mutual Housing Association of New York.

At the Hub, a multi-lot retail area in the Melrose neighborhood, seven developers competed for the right to build housing. La Central, a five-building, 992-unit project with a 50,000-square-foot Y.M.C.A., rooftop telescope and rooftop farm, prevailed.

Elton Crossing, a 199-unit project at 432 East 162nd Street, has solar panels on the roof, while Bronx Commons, a 305-unit project at 443 East 162nd Street, will have a 300-seat Bronx Music Hall.

“Proposals have gotten so much more interesting,” said Aaron Koffman of Hudson Companies, which is developing the $450 million La Central project with BRP Companies, ELH-TKC, Breaking Ground and Comunilife. “It’s no longer just housing with retail on the ground floor and a community partner.” [NYT]E.B. Solomont

Related Articles

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

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

From left: 1 West End Avenue, 161 West 13th Street and 66 Ninth Avenue (Credit: StreetEasy and Wikipedia)

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week

15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

From left: renderings of 1 Propect Park West, 85 Jay Street and 98 Front Street in Brooklyn (Credit: StreetEasy)

The priciest Brooklyn condo filings of 2019

60 East 93rd Street and Carlton Hobbs (Credit: Google Maps and Getty Images)

Why a $68M townhouse listing was abruptly pulled off the market

Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA