$335 Million in Financing Secured for Second Phase of La Central Development, South Bronx

la central fxfowleLa Central Master Plan, rendering by FXFOWLE

The team behind the La Central Development has closed a deal for financing towards the construction of their massive mixed-use project in the Melrose Community of the South Bronx. This is one of the largest mixed-income projects currently under construction in New York City. Once complete, the project will span 1.1 million square feet, with five buildings and 992 units entirely devoted to affordable housing.

A public skate park and 25,000 square feet of retail space will also be included. The first phase was closed in 2016, and the final project is expected to receive financing by 2019. The total construction cost is expected to reach approximately $600 million.

la central site plan 2 fxfowle

Site plan for La Central, image by FXFOWLE

$335 million has been secured for the construction of phase two of three for the project, which will include buildings at 556 and 600 Bergen Avenue. Combined, they will yield 496 units, a 50,000 square feet YMCA facility, the second studio for BronxNet TV, a Grow NYC rooftop garden, as well as space for retail on the ground floor. Solar panels will be built on the rooftop, with an estimated output of 250,000 watts.

A view of La Central's Building E, which will have a public plaza in front at Bergen and Brook Avenues

A view of La Central’s Building E, which will have a public plaza in front at Bergen and Brook Avenues. Rendering by FXFOWLE

Apartments will be awarded by lottery to those earning 30 to 100 percent of the NYC area median income. It is unclear when the application process will begin.

“Transforming our remaining City-owned sites into affordable housing is a key strategy of Housing New York. This next phase of La Central brings 496 affordable, sustainable and resilient homes to this vibrant Bronx community, along with a host of other amenities, including a YMCA that will give residents access to healthy lifestyle choices,” said Housing Preservation and Development Commissioner Maria Torres-Springer.

La Central, rendering by FXFOWLE

Construction for phase one started in the summer of 2017. Phase three is expected to see groundbreaking in eighteen to twenty-four months.

The base of Building A at La Central, rendering by FXFOWLE

The base of Building A at La Central, rendering by FXFOWLE

The Hudson Cos., BRP Companies, ELH-TKC LLC, Breaking Ground, and Comunilife are developing La Central. MHG Architects, FXFOWLE, and Future Green Studio are responsible for designing the complex.

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Dahlia Horizon
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9 Comments on "$335 Million in Financing Secured for Second Phase of La Central Development, South Bronx"

  1. Please pardon me for using your space: Large looks and large lifestyles and, largely beautiful designed. (Largeness of modern properties)

  2. Lipstick on a pig. This is one of the worst areas of my beloved Bronx. The area is already overwhelmed by homeless shelters, low income housing, drug addicts, drug dealers, and the homeless. There are 3 other low income and supportive housing buildings under construction, La Central is going add another 100 units of supportive housing to the area. This is not how you revitalize a downtown.

  3. The Bronx is roaring back to life! But I wonder if mixed-income will work up there? In fact the La Central website doesn’t call it ‘mixed income’ at all, instead calling it ‘mixed-use affordable housing’.
    http://hudsoninc.com/la-central/

    The area still has a crime problem (782 assaults in 2017) and lacks middle-class amenities. Still a good sign for the Bronx.
    crime stats – http://www1.nyc.gov/assets/nypd/downloads/pdf/crime_statistics/cs-en-us-040pct.pdf

  4. what is affordable housing?

  5. This area has been deserted for years. It’s right behind the retail stores on 3rd ave. When there was a big snow storm. The snow was put on these empty lots. You can see it as you enter 149 3rd ave station heading South on the 2 and 5 train.

  6. This is a very significant development for the Hub, and will increase the amount of activity on the streets pretty substantially. There’s a lot of development occurring in the Bronx in general as well, including a lot of developments which are going to dramatically alter communities when complete.

    I just wonder why the tallest tower wasn’t planned for lot A, it’s the closest to the subway station.

  7. This is a glorified housing project. The 100 units of housing for the mentally ill is the main problem. If you go to that neighborhood you’ll see junkies spazzing out in broad daylight, homeless all over the place. Crime is high, there was another shooting last night a few blocks down on 149th. This is not how you revitalize a downtown. This is how you make it worse. This project isn’t going to improve much. The area needs to be razed, and the juvenile detention center needs to go. I’ve lost all hope for our downtown. Thank goodness for Mott Haven and Port Morris.

  8. AS a foreign visitor to your fine cities would love to see another NY Derby this time at your new stadium, congrats and go NYFC!

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