“$350M Secured for South Bronx Development With 542 Affordable Units”

“The overall funding includes $325 million for the building along with $25.5 million for the waterfront esplanade’s construction from the New York City Economic Development Corp. The Wall Street Journal reported some of the financing comes from state grants, equity from the developers and federal tax credits and Brownfield tax-credit equity from Wells Fargo.”


“Works starts on Bronx Point as $350M finance package is sealed”

“Located on city-owned land near the 145th Street Bridge, the mixed-use development will transform a dirt tract into a new community of over 1,000 affordable apartments with three-acres public open space and cultural and community-focused spaces that include a permanent home for the Universal Hip-Hop Museum, an early childhood space and outdoor science programming.”


Construction Topped Out at 980 Westchester Ave

Construction topped out recently at 980 Westchester Ave, which will be known as Tiffany Court Plaza. The seven-story mixed-use building will include affordable and supportive housing, as well as 28,000 square feet of commercial space.