The first of these buildings will come with 160 apartments, 97 of which will be supportive apartments for formerly homeless New Yorkers with special needs.
New stats on Mott Haven’s sales market show that its top end is now comparable to the Bushwick sales market. Meanwhile, rents have risen sharply across several South Bronx neighborhoods.
The overall project is being built at a cost of $165 million with the project spanning 426,000 square feet. The Music Hall will take up 14,000 square feet of that space and be built for $11.4 million.
A week after the City Council’s planning subcommittee approved an affordable housing project that would bring close to 1,000 apartments to Melrose in the Bronx, the full Council has jumped on board as well.
The city council’s planning subcommittee has approved a Mandatory Inclusionary Housing program at La Central that will bring a five-building development with 992 affordable units into the Bronx’s Melrose neighborhood.