It's been a long time coming, but the South Bronx waterfront redevelopment project may soon be moving forward, with non-profit SoBRO releasing another study assessing the feasibility of the massive project. The plan almost doubles the number of units from 2,100 in the initial March report to 4,000, spread across 2.8 million square feet.
The study was announced at a meeting that brought together "over 75% of waterfront property owners, community, City, State, and Federal representatives" and was funded by the New York Department of State, with Magnusson Architecture and Planning and Allee King Rosen & Fleming acting as consultants.
Although Bronx BP Ruben Diaz, Jr. initially said that the waterfront would cost $500 million to develop, Welcome2theBronx argues that, with the necessary infrastructural improvements (the site is located in a flood zone) and other factors, that number will likely be closer to $5 billion. According to a press release, Jamila Davis at SoBRO said that the non-profit group is "taking vigorous steps to expedite the development of the Lower Grand Concourse BOA" and that the South Bronx waterfront "represents the potential to create global best practices in impactful and measured community and economic development."
Check out Welcome2theBronx's coverage for a complete, thorough breakdown of the project, including parcel-by-parcel analysis and transportation issues.
· EXCLUSIVE: SPECIAL HARLEM RIVER WATERFRONT DISTRICT JUST MOVED ONE STEP CLOSER TO BECOMING REALITY [W2B]
·Lower Grand Concourse Brownfield Opportunity Area: Phase 1 Visioning Study [SoBRO]
· All Special Harlem River Waterfront District coverage [Curbed]