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
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


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

Renderings of Brookfield's Bankside in the South Bronx (Credit: ArX Solutions)

This is what Brookfield’s South Bronx megaproject will look like

From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 950 and 957 Woodycrest Avenue in the Bronx and 47-50 30th Street in Queens (Credit: Google Maps)

Here’s what the $20M-$30M NYC investment sales market looked like last week

A rendering of 210 East 135th Street 

Cheskel Schwimmer lands $65M construction loan for South Bronx project

arrow_forward_ios