Residential building with 94 units planned for the Bronx

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

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

29 Featherbed Lane (Credit: Google Maps)

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

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Chicago’s top 5 general contractor firms were approved to build over 9 million square feet of new development

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company