WATCH: What’s Brookfield’s strategy for its Bronx megaproject?

September 24, 2018 08:05AM

Last week, The Real Deal‘s Eddie Small sat with Gary Axelbank, the host of Bronx Buzz, to discuss the latest in development in the Bronx, as well as some of the highlights from the September issue story, “Who owns all of New York?

The main topic of conversation was the borough’s most high-profile development: Brookfield Property Partners’ first project in the Bronx. After closing on its $165 million buy of a Mott Haven development site from Somerset Partners and the Chetrit Group earlier this month, the developer told TRD it would set aside 30 percent of the apartments in the complex as affordable.

“It’s really a one-of-a-kind project for the entire South Bronx,” Small said. “Nothing really approaches it in terms of size and sale and I know from going to some events in the borough, a lot of other people in the real estate industry are keeping a very close eye on this.”