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L+M and Omni propose $2B mixed-use complex in the South Bronx
Development would include 2,000 resi units, charter school and medical facility
L+M Development and Omni New York have teamed up to propose a $2.2 billion, 2,000-unit housing complex for the South Bronx waterfront.
The project, dubbed Alexander Landing, was submitted to the Empire State Development Corporation and would also include a charter school, a medical facility, retail, parking and open space, according to Crain’s. The plan is part of the RFP process for Harlem River Yards, meaning it will compete against a proposal from Related Companies, Somerset Partners and the New York City Football Club to bring a soccer stadium to the same site.
The two companies would deck over the area’s rail yards with open space and seven residential buildings, and a portion of the 2,000 housing units would be designated as affordable. Montefiore Health System would use the medical facility, and Bronx Charter School for the Arts would use the educational space.
L+M is also working on a nearby South Bronx site called Bronx Point, which is slated to open in 2022 and feature 1,045 housing units and the Universal Hip-Hop Museum. [Crain’s] – Eddie Small