The Real Deal New York

Jorge Madruga’s Maddd Equities planning 614-unit project for Inwood

Project will stand 30 stories tall at 
August 31, 2018 09:45AM

Jorge Madruga and 3875 9th Avenue (Credit: Google Maps)

Jorge Madruga’s Maddd Equities is planning to bring a 30-story, 614-unit mixed-use project to Inwood.

The building at 3875 9th Avenue will stand 295 feet tall and span 600,000 square feet, including more than 500,000 square feet of residential space and 65,000 square feet of commercial space, according to New York YIMBY. It will also include a garage for 100 cars, storage space for 308 bikes and a recreation room, and 20 percent of the residential units will likely be affordable.

Aufgang Architects will design the project, and Maddd is partnering on the project with its frequent collaborator Joy Construction.

The City Council passed a rezoning of Inwood earlier this month that will allow for more housing and development in the neighborhood. The effort aims to create 5,000 new units of housing.

Madruga has been among the most visible backers of the Inwood rezoning. His firm has spent at least $30,000 lobbying elected and city officials on the rezoning this year and spent more than $90,000 pushing for rezonings in 2017, according to the Wall Street Journal. [YIMBY]  – Eddie Small