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

The market rate development will have 430 rentals

TRD WEEKEND EDITION /
Mar.March 12, 2017 04:00 PM

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


Related Articles

arrow_forward_ios
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

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

From the top: 1600 Macombs Road, 625 Brook Avenue and 2082 Boston Road in the Bronx (Credit: Google Maps)

The top 10 biggest real estate projects coming to NYC

1073 Summit Avenue in the Bronx and Stagg Group CEO Mark Stagg (Credit: Google Maps)

Stagg Group to build 105-apartment complex in Highbridge

Rendering of La Central (Courtesy of FXCollaborative)

Here are the details on the next building in the Bronx’s La Central development

Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

NYCFC is close to a deal for its own stadium (Credit: Getty Images)

Maddd Equities, NYCFC nearing deal for Bronx stadium

arrow_forward_ios
Loading...