Dynamic Star picks up Fordham Landing site for $32M

Former "fixer" for Paul Manafort is handling rezoning efforts

TRD NEW YORK /
Apr.April 05, 2019 12:30 PM
From left: Dynamic Star Director of Development Brad Zackson, the site at 320 West Fordham Road in the Bronx, and Dynamic Star CEO Gary Segal (Credit: Google Maps and Dynamic Star)

From left: Dynamic Star Director of Development Brad Zackson, the site at 320 West Fordham Road in the Bronx, and Dynamic Star CEO Gary Segal (Credit: Google Maps and Dynamic Star)

In another sign of continued interest in the Bronx’s investment sales market, Connecticut-based development firm Dynamic Star picked up a riverside parcel in the borough last week for $31.5 million.

The sellers were a group of individuals from the Lasala and other families, PincusCo reported.

Though the developer’s Twitter account refers to the site at 320 West Fordham Road, once marketed as Fordham Landing, as “a life science center for the cell and gene therapy industry,” plans for the site remain undetermined.

“We look forward to working closely with the local community, elected officials, and appropriate city and state agencies and authorities as we pursue development of the site,” Dynamic Star president and CEO Gary Segal told Pincus in a statement.

The site could accommodate 515,140 square feet of residential space, or as much as 973,375 square feet if a community facility is included.

Former Fred Trump-protege Brad Zackson, Dynamic’s director of development, is working with attorneys from Greenberg Traurig’s land use team to rezone the parcel and several adjacent lots, according to filings from the city’s Lobbying Bureau. [PincusCo] — Kevin Sun


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Rendering of La Central (Courtesy of FXCollaborative)

Here are the details on the next building in the Bronx’s La Central development

Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

arrow_forward_ios
Loading...