Ader files for first building in South Bronx affordable complex

Ader Group files plans for first building in proposed complex

New York /
Sep.September 06, 2017 02:10 PM

A former Bronx parking facility is on its way to becoming an affordable housing complex with more than 400 units.

The Ader Group, a Monsey-based real estate investment firm based, filed plans through an authorized signatory on Wednesday for a 14-story building at 1001 Whitlock Avenue that will contain 243 units and span roughly 211,000 square feet. The residential units will take up about 200,000 square feet, while the remaining space will be used for a community facility.

This is the first of two buildings that the Ader Group is planning for their Whitlock Avenue affordable housing complex, which will ultimately span 473,000 square feet with 474 residential units, 14,937 square feet of retail and a 69-space parking garage.  The first building should be finished by 2019, while the second should be done by 2021. The South Bronx will also see a Burlington Coat Factory and Marshalls open in the Hub at the beginning of next year,  and construction should begin on a 115-unit affordable and supportive housing building in Claremont Village at the end of the year.


Related Articles

arrow_forward_ios
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
1065-1075 Gerard Avenue in the Bronx 
Prana pays Related $36M in Bronx multifamily play
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
Private developer’s NYCHA project in Mott Haven lands $79M in financing
Pastor Gregory Fryer and the Immanuel Lutheran Church at 120 and 122 East 88th Street (Getty Images, Immanuel NYC, Jim.henderson, CC0, via Wikimedia Commons)
Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
From left: Jay Suites' Juda Srour and 104 West 40th Street; Convene's Phoenix Porcelli and 101 Park Avenue (LoopNet, LinkedIn/Phoenix Porcelli, 101Park.com)
Back-to-meetings spurs demand for flex space
Back-to-meetings spurs demand for flex space
Related Companies founder Stephen Ross and 33 Hudson Yards (Getty Images, LoopNet)
Related eyeing sale of Equinox Hotel
Related eyeing sale of Equinox Hotel
RJBlock Properties' Rodney "RJ Block" Jackson and 2714-2718 Frederick Douglass Boulevard (RJBlock Properties, Apartments.com, Getty Images)
I-sales roundup: RJ Block buys Harlem mixed-use portfolio
I-sales roundup: RJ Block buys Harlem mixed-use portfolio
From left: Colony Hills’ Glenn Hanson and Rosewood’s Jonathan Brody with The Royce at Trumbull (Getty, Royce at Trumbull, LinkedIn, Rosewood)
Investors sell Trumbull apartments for $101M, 23% markup from last year
Investors sell Trumbull apartments for $101M, 23% markup from last year
arrow_forward_ios

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

Loading...