In December 2017 Bronx Pro in partnership with the United Methodist Church (“UM”) acquired the property at 1074-1080 Washington Avenue in the Morrisania section of the Bronx, NY. The proposed development will transform the site into a 12 story, senior housing project including 154 units of housing and 5,712 square feet of first floor community facility space. All units will be rented to seniors aged 62 and over with incomes up to 60% of the area median income. Thirty percent of the units (47) will be reserved for homeless seniors as required by the HPD SARA program. The project will be financed through the Empire State Supportive Housing (ESSHI) Initiative, 4% Bond Financing, Low Income Housing Tax Credit (LIHTC) equity and may include other resources. The total development cost is estimated to be $79.6 million.
The site is located at the corner of East 181st (3111-35) in the Belmont section of the Bronx, NY. 2126 Mapes is R7-1 zoning. The lot area is 7,131 square feet currently owned by Neighborhood Restore. The project is expected to be financed under HPD New Construction Program (NCP), a Private- Bank Loan, and Low-Income Housing Tax Credit (LIHTC) Equity. The 6-story building will contain 30 apartments including 2 Studio’s, 6 one-bedrooms, 16 two-bedrooms, and 6 three-bedrooms. The rents and Incomes are expected to be restricted to a maximum of 30%, 60% and 80% of AMI. The project is designed and constructed to a rigorous Passive House standard that will significantly reduce the development’s environmental impact. The project will feature solar photovoltaic panels. The building activates healthy living conditions through active design, quality indoor air systems and building uses that feature fitness and exercise elements that meet Enterprise Green Community standards. The total development cost is estimated at $18 million.
The proposed development utilizes the Jerome Avenue R8A zoning to create a 16-story mixed use building. It includes 175 total units. The project also features approximately 7,667 square feet of first floor retail space and space for on-site social services. The project will strive to meet the highest, economically feasible energy efficiencies and accreditations while providing a brand new activated streetscape for pedestrians in line with the NYC Department of City Planning’s rezoning plan. The project will also include improved landscaping on the 176-step street connecting Davidson & Jerome Avenue. Total development cost is estimated at $91.6M.
Bronx Pro has been selected by the Hawaii Community Development Authority as the developer of an affordable housing project in the Kaka’ako neighborhood of Honolulu. Nohona Hale is being developed in partnership with EAH Housing, a local non-profit company. Nohona Hale is expected to include 111 units and rise 16 floors.
Bronx Pro Group (BPG) and Precise Management formed a joint venture to substantially renovate 6 buildings located in Harlem that upon completion of the renovation will contain 125 units. An affiliate of BPG will be the managing member of the joint venture through the 15-year tax credit compliance period. Three of the buildings were owned by The New York City Housing Preservation and Development (“HPD”) and two of the buildings were owned by the non-profit Neighborhood Restore. During construction the tenants were relocated within the portfolio and will return to either their existing units or new units upon construction completion. The project is expected to have a 38-month construction which allows for the buildings to be renovated in 2 Phases.
The proposed project is located at 1017 Home Street in the Foxhurst section of the Bronx, NY. The property consists of a 9,421 square foot development site currently occupied by a dilapidated, two-story church. The proposed development will transform 1017 Home Street into an 8 story, newly constructed senior housing project. The project will be financed through the New York City Senior Affordable Rental Apartments (SARA) Program, 9% Low Income Housing Tax Credit (LIHTC) equity and a bank loan.
The proposed development includes 64 units of housing along with 8 on-grade parking spaces and 3,003 square feet of first floor community facility space. The project design meets LEED Gold standard and includes many energy efficient features. The residential amenities include a lounge, gym, bike room, roof terrace, tenant storage and on-site laundry The unit mix includes a two-bedroom superintendents unit, forty-five (45) studios and eighteen (18) one-bedrooms that will be rented to Seniors aged 62 and over with incomes up to 60% of the area median income. Thirty percent of the units will be reserved for homeless seniors referred by a City or State agency.