Rendering Revealed as Financing Secured for 12-Story, 91-Unit Residential Project At 329 East 132nd Street, Mott Haven

329 East 132nd Street329 East 132nd Street. Rendering via Commercial Observer.

A rendering has surfaced of the planned 12-story, 91-unit residential project at 329 East 132nd Street, in the South Bronx’s Mott Haven section. It comes as the Altmark Group and JCAL Development secured $22.1 million in construction financing, Commercial Observer reported. The latest building permits, which YIMBY first reported on in 2015, show the new building will encompass 71,912 square feet. Its residential units, which will be market-rate rental apartments, should average 738 square feet apiece. Amenities include a fitness center, a lobby lounge, an outdoor recreation space on the ground floor, storage for 46 bikes, a 37-car parking garage, and a roof terrace. Aufgang Architects is behind the architecture. Foundation work was underway in May and completion is expected in early 2018.

329 East 132nd Street

329 East 132nd Street in May 2016. Image via Google Maps.

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TFC Horizon

8 Comments on "Rendering Revealed as Financing Secured for 12-Story, 91-Unit Residential Project At 329 East 132nd Street, Mott Haven"

  1. Exactly..progress must be a building on site, with the whole floors or spaces that needed.

  2. The rendering has been available on the project site for months now. The development itself broke ground a while ago.

    It’s funny how the rendering displays a bicycle lane and what could be taken as a park or green space across the street. Currently, there is nothing more than off-limits and underutilized waterfront. I don’t know that there are any plans for this particular space to be developed.

    • I think they are hopeful that the Restoration Projects plans come to fruition. That would be years off though since they just secured funding to begin work on the pier way at the other end of 132nd st. – closer to the Randall’s Island Connector. In any event – I see a lot of bike riders already using Bruckner Blvd. and 132nd to go over to the Connector.

  3. Bronx Resident | August 10, 2016 at 10:57 am |

    There’s going to be a physically separated bicycle lane on Bruckner Blvd, between St Ann’s Ave and Willow Ave. Not sure why they included one in the render? Perhaps a new waterfront park?

    Otherwise I like the building.

  4. Bronx Resident | August 10, 2016 at 11:14 am |

    I forgot to mention that this building, and the one behind it have an odd lot shape. The former location of the Third Ave El.

  5. Passed by there the other day. I saw the Clocktower Expansion and the lofts on Alexander Ave. going up – but I didn’t notice this. I also saw they broke ground for that hotel on Bruckner Blvd. (you guys had it on this site) and the condos on 138th and Canal. In any event – a lot of market rate stuff going up (seems like Somerset is about to start demolition for their huge project). The price of the townhouses in the area are going up as well. Doubt they will have any problem filling this.

  6. Jonathan Marin | August 11, 2016 at 9:15 am |

    I love this neighborhood. As soon as I moved out of the South Bronx look what is happening! I really support this and I laugh at the NIMBY’s who try really hard to keep the Bronx down instead of supporting the great progress we’re making.

  7. Progress? Is that what you call bringing in condos and market rate housing that the people living here can’t afford. Housing beyond the reach of the people while the shelters are filling up. That is not progress.

Comments are closed.