The Real Deal New York

Here’s the next big project coming to the South Bronx

Vertical Community Development, Sioni Group are putting up a two-tower project on East 149th Street
By Mary Diduch | January 07, 2019 10:30AM

Omnibuild’s Peter Serpico and a rendering of 290 East 149th Street in the Bronx (Credit: Omnibuild)

Peter Serpico’s Omnibuild released renderings for its two-tower, mixed-use complex in the Bronx.

Omnibuild, one of the city’s top hotel builders, is the general contractor for the project, located at 290 East 149th Street. Its developers are Vertical Community Development, led by president Serpico, Tom Eswein and Leon Hovsepian, and the Sioni Group, Eswein said.

The renderings show that the two buildings will feature a brown facade. They will rise eight stories tall and sandwich what Tom Eswein described as a “carefully designed green space.”

The buildings will have 124 market-rate units, about 21,000 square feet of retail space and a community facility, Eswein said. Other amenities include private outdoor terraces for some units, a gym and two lounges for residents. Overall, the development will feature 20,000 square feet of usable outdoor space for tenants, he said.

The developer is not seeking additional financing for the project at this time, Eswein said.

Aufgang Architects is designing the project, Ettinger Engineering is the MEP engineer, and the structural engineer is Wexler Associates.