Azimuth Development files plans for 275-unit Bronx complex

Developer is teaming up with owner Upper Manhattan Development Corp.

New York /
Mar.March 13, 2017 05:19 PM

Guido Subotovsky’s Azimuth Development Group is teaming up with the Upper Manhattan Development Corp. to build a trio of apartment buildings in the South Bronx that will bring 275 rental apartments to the neighborhood.

The three buildings will have addresses at 707 Concourse Village West, 702 Grand Concourse and 180 East 156th Street, according to plans Azimuth filed with the city’s Department of Buildings.

The Upper Manhattan Development Corporation owns the properties, two of which are adjacent running block-through and another that sits at the corner of East 156th Street and Concourse Village West.

The company bought that latter property, 180 East 156th Street, from the city in 2000. It bought the two others, 702 Grand Concourse and 741 Concourse Village West, in 2013 for a combined $3 million.

A representative for the Upper Manhattan Development Corp. referred questions to Azimuth, which did not immediately respond to a request for comment.

All told, the three buildings would combine for about 212,800 square feet.

Across the borough in the Soundview section of the Bronx, Azimuth had plans to break ground this year on a 250,000-square-foot, 250-unit mixed-use project at 1755 Watson Avenue.

Azimuth is still in the process of rezoning the site.

The Real Deal previously took a deep dive into the Bronx’s development scene, where the Chetrit Group and Somerset Partners are set to break ground on their 1,300-unit residential project on the Mott Haven waterfront.


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