The Real Deal New York

Chetrit Group and Somerset Partners ready to break ground on South Bronx development

The market rate development will have 430 rentals
March 12, 2017 04:00PM

Photo credit: Hill West Architects

The South Bronx development (Photo credit: Hill West Architects)

The South Bronx is officially on its way. Chetrit Group and Somerset Partners are breaking ground on a 1,300-unit residential project on the Mott Haven waterfront.

The entirely market rate development, located at 2401 Third Avenue and 101 Lincoln Avenue, features 25-story buildings. It’s a project that has been on hold for nearly a year and half since plans were filed, according to NY Yimby.

When completed, the buildings will have 430 rentals (that’s 164 studios, 96 one-bedrooms, 133 two-bedrooms and three-bedrooms), 416,446 square feet of residential space, a 175-car garage and 4,200 square feet of community space.

“The roof of the cellar podium, in those areas which surround the towers, is landscaped and set two feet above the 100-year flood plain,” Hill West TRData LogoTINY, the project’s architect, told Yimby. “This landscaped deck, open on one side to the river and waterfront esplanade, serves as an entry court and drop-off to both lobbies and is accessed from Third Avenue through a distinctive porte-cochere.”

Amenities include a pet care room, lounge, “quiet room,” gym, event room, bike storage and a pool. [Yimby]Christopher Cameron