Over the summer, YIMBY revealed a rendering of the 11-story, 181-affordable-unit mixed-use building planned at 4511 Third Avenue, in the Belmont section of the Bronx. Details for separate 12-story, 133-affordable-unit mixed-use project down the street at 4439 Third Avenue were also included. The developers, SBS Health System, L+M Development Partners, and Hornig Capital Partners, have recently broken ground on the project. The new buildings will measure 294,207 square feet and 145,952 square feet, respectively.
New York City’s hospitals are struggling. St. Vincent’s Hospital in the West Village shut its doors in 2010 and sold most of its property to condo developers. Beth Israel Hospital is planning to close and sell off some of its buildings in the East Village, eventually demolishing the 825-bed hospital and developing a newer, smaller facility.
Construction is up to the fourth floor on the planned 13-story, 157-unit residential building being developed at 530 Exterior Street, located on the western end of Mott Haven. The construction progress can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the project will eventually rise 120 feet above street level and measure 151,107 square feet. All of the project’s residential units will rent at below-market rates through the affordable housing lottery. They will average 910 square feet apiece and will be accommodated by amenities including, but not limited to, a fitness center, an outdoor recreational area behind the building, 50 off-street parking spaces, and laundry facilities. Monadnock Construction is the developer and Dattner Architects is behind the design. Completion is expected in early 2018.
Affordable housing projects are cropping up on vacant lots all over the South Bronx, and today’s development will rise at 294 East 162nd Street, between Morris and Teller avenues in Melrose.
A rendering has been revealed of the 11-story, 181-affordable-unit mixed-use building planned at 4511 Third Avenue, in the Belmont section of the Bronx. The 294,207-square-foot, thru-block development (consisting of seven- and 11-story components), will host 57,549 square feet of medical space on the ground and second floors and 10,127 square feet of ground-floor retail, as YIMBY reported in February. The rental apartments above, all of which will rent at below-market rates, should average 928 square feet apiece. Amenities include a 128-car garage, storage for 96 bikes, laundry facilities, and multiple outdoor terraces. The SBH Health System (St. Barnabas Hospital, located across the street) will utilize the medical space, as well as operate a 10,800-square-foot terrace geared towards exercise for the building’s tenants.