Skanska and its joint venture partner ECCO III Enterprises have completed the first phase of a $460 million interstate improvement project in the Hunts Point section of the South Bronx. Key project elements include the replacement of four bridges that connect Bruckner Expressway and Bruckner Boulevard over Amtrak and CSX rail lines, improved pedestrian access, and a new community park.
New York governor Kathy Hochul has announced the third and final phase of the $1.7 billion Hunts Point Access Improvement Project is now underway in the South Bronx. Launched in 2019, the goal of the project is to provide improved access between the Hunts Point Peninsula and the Sheridan and Bruckner Expressways for automobiles and trucks traveling to and from wholesale commercial businesses located on the peninsula. The project will also address infrastructure deficiencies in the area.
Developers, New York City officials, and community leaders recently joined to celebrate the grand opening of 425 Grand Concourse, a 26-story affordable housing property in Mott Haven, The Bronx. Designed by Dattner Architects and developed by Trinity Financial and local non-profit group MBD Community Housing Corporation, the 300,000-square-foot structure will yield 277 affordable apartments, an educational facility, a health clinic, a supermarket, and a community cultural space.
Developers and city agencies recently celebrated the completed of El Borinquen Residences, a new, deeply affordable property in The Bronx. Located at 3401 Third Avenue in the Morrisania neighborhood, the ten-story building houses 148 affordable apartments, including 29 homes for seniors at or below 30 percent Area Median Income (AMI), and 90 units designated for the formerly homeless and youths aging out of foster care. The latter includes access to on-site supportive services.
Construction has topped out on Maven, a 27-story mixed-use tower at 2413 Third Avenue in the Mott Haven section of the South Bronx. Designed by CetraRuddy and developed by RXR Realty, the structure will yield 145,643 square feet with 200 rental units, including 60 rent-stabilized units for middle-income households, as well as a small retail volume on the ground floor and a parking garage equipped with electric vehicle charging stations.