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Brookfield tops out latest tower in Bankside development

Brookfield Properties has topped out the final tower at the phase 1 site, Third at Bankside, located at 2401 Third Avenue and broken ground at Bankside’s phase 2 site, Lincoln at Bankside, located at 101 Lincoln Avenue.

Bankside is Brookfield Properties’ $950 million, 4.3 acre mixed-use development along the waterfront in the South Bronx’s Mott Haven neighborhood.

Third at Bankside

The master plan includes more than 1,350 apartments, retail and community space and creates access to Mott Haven’s waterfront for the first time in more than a century with a public park and promenade. The first residential tower is expected to open by the end of 2021.

“Brookfield is committed to the future of the Bronx and we are proud to hit these major milestones as we advance the Bankside development,” said Alireza Esmaeilzadeh, Senior Vice President, Development, Brookfield Properties.

“Mott Haven is known for its beloved local restaurants and shops, and we’re excited to support them – especially as we begin to recover from the pandemic. By making Mott Haven’s waterfront accessible to the entire community, creating new retail and community space, generating hundreds of new job opportunities, and more, our goal is to invest in the borough and knit the new development into the fabric of the community.”

Brookfield Properties broke ground on the first phase of Bankside in 2019 and leasing for the 458-unit “Third at Bankside” is expected to launch at the end of this year.

Phase 2, Lincoln at Bankside, will have 921 apartments, 30 percent of which will be rent-restricted through the City’s Affordable New York program.

Designed by Hill West Architects, the development features seven towers that will be interconnected by low-rise elements spread across the two parcels.

 Each parcel will be composed of two distinct façade types, one primarily masonry and the other glass and metal.

The entire complex will be framed by the new public waterfront park and esplanade on the Harlem River shoreline designed by MPFP. Encompassing more than 34,000 s/f of publicly accessible waterfront promenade, MPFP’s design seeks to create a naturalized waterfront landscape that offers space for both passive and semi-active use. Brookfield Properties will also make substantial improvements to the shoreline bulkhead and enhance upland connectivity to the river.

The development will also include 15,000 s/f of ground-floor local retail, including a tech-based community center run by a local nonprofit.

Brookfield Properties’ Social Inclusion Team has partnered with Building Skills NY for its local hiring program at Bankside. Through this collaboration, more than 20 workforce training partnerships have been established with local community colleges and community and faith-based partners. These partnerships will ensure that the construction companies and subcontractors for the project have local job candidates from the South Bronx, and that the local hires have the support and skills to retain these jobs long-term.

“The Bankside project has provided a unique opportunity for Building Skills to further its mission of helping New Yorkers – particularly those in underserved communities – secure good-paying jobs in the construction industry while contributing to the City’s economic recovery effort. We commend Brookfield Properties’ commitment to ensuring that South Bronx residents benefit directly from this effort from Day One,” said David Meade, Executive Director of Building Skills NY.

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