The Real Deal New York

Bronx investor nearly doubles size of
Morris Heights resi project

Development at 29 Featherbed Lane will now span 116K sf with 160 units
By Eddie Small | November 14, 2018 03:30PM

29 Featherbed Lane in the Bronx (Credit: Google Maps)

Thanks to a recent neighborhood rezoning, Bronx investor Arjan Gjushi is nearly doubling the size of his Morris Heights multifamily development.

Gjushi initially filed plans last summer for an eight-story project with 94 units for a vacant lot in at 29 Featherbed Lane. He then filed plans on Wednesday for a 12-story project with 160 units at the same address. The development will now span about 116,000 square feet rather than 61,000 square feet.

The developer said he’s expanding the project because of the Jerome Avenue rezoning that the City Council passed earlier this year. Gjushi said it will ultimately stand 14 stories tall and hopes to make the residential units affordable.

Other residential projects on their way to the Bronx include a 91-unit development from UA Builders at 2047 Ryer Avenue and a 128-unit development from Height Advisors at 951 Olmstead Avenue.