Residential building with 94 units planned for the Bronx

Arjan Gjushi planning an eight-story project at 29 Featherbed Lane

New York /
Jun.June 19, 2017 05:20 PM

A vacant Bronx lot could turn into a residential building with 94 units, according to plans filed with the city’s Department of Buildings.

Bronx investor Arjan Gjushi filed plans with the agency on Monday to construct an eight-story building at 29 Featherbed Lane that would span 61,031 square feet.

Gjusi purchased the property in 2016 for $500,000 from the Stagg Group TRData LogoTINY, which had planned to construct a 59-unit residential building on the property.

Gjusi, who owns multiple residential buildings in the Bronx, did not respond to a request for comment.

The project would be located in Morris Heights, where the nearby 99-unit residential building at 1765 Townsend Avenue recently sold for $26 million to Josh Gotlib’s Black Spruce Management.

(To view more new construction projects in the Bronx, click here)


Related Articles

arrow_forward_ios
Related Companies’ Stephen Ross and The Cortland (Related Companies, The Cortland, Getty)
New development boom dead, with mortgage rates a prime suspect
New development boom dead, with mortgage rates a prime suspect
Southold Town Supervisor Scott Russell and 12500 Main Road in Mattituck (Google Maps, Getty, Town of Southold)
North Fork town smells victory in eminent domain fight
North Fork town smells victory in eminent domain fight
Mayor Eric Adams and City Council member Marjorie Velazquez with the Bruckner Boulevard rezoning site (NYC Department of Planning, Illustration by The Real Deal with Getty)
Council, developers strike deal for controversial Throggs Neck project
Council, developers strike deal for controversial Throggs Neck project
From left: Lendlease's departing COO Denis Hickey and next CEO Americas Claire Johnston (Getty Images, Lendlease)
Lendlease COO Denis Hickey to depart
Lendlease COO Denis Hickey to depart
Breslin Realty's Wilbur F. Breslin; property south of Sunrise Highway between Grand and Harrison Avenues (Google Maps, Breslin Realty, Getty)
Breslin’s transit-oriented development advances on Long Island
Breslin’s transit-oriented development advances on Long Island
Stephen Ross and 50 Hudson Yards (Getty Images, Hudson Yards New York)
Related lands $349M for 50 Hudson Yards
Related lands $349M for 50 Hudson Yards
From left: Assemblyperson Inez Dickens and Councilperson Kristin Richardson Jordan
Pol who killed Harlem project could face primary challenge
Pol who killed Harlem project could face primary challenge
(Illustration by The Real Deal with Getty Images)
NJ town concocts new excuse for rejecting affordable housing
NJ town concocts new excuse for rejecting affordable housing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...