Real Estate Weekly
Image default
Construction & Design

Developers sought for Bronx venture

The city has released a request for affordable development proposals for two Bronx sites.

The New York City Department of Housing Preservation and Development released the RFP 1225 Gerard Avenue and 1650-1642 Anthony Avenue, two city-owned sites which combined offer 36,000 s/f of land for much-needed affordable housing,.

“Last year we pledged to invest in the Jerome Avenue community, and this request for proposals gives us another opportunity to honor that commitment,” said HPD Commissioner Louise Carroll.

“We look forward to reviewing submissions that meet the needs of those who know the neighborhood best– the local residents.”

1225 Gerard Avenue is a 26,000 s/f surface parking lot at the corner of East 168th Street and River Avenue.

It is owned by New York City Health of Hospitals Corporation (H+H) and is currently used as parking for the health clinic located at 1225 Gerard Ave.

Proposals for this site must include a parking facility that will accommodate approximately 85 vehicles.

1650-1642 Anthony Avenue is a 10,000 s/f site comprised of two contiguous, city-owned vacant lots located across from Claremont Park.

This site represents the first time HPD is releasing an RFP for an affordable cooperative residential development financed by HPD’s Open Door program.

The city has invited developers, including non-profit entities and M/WBE firms, to submit proposals for the design, financing, construction and operation of new affordable housing and community amenities on the city-owned land.

Related posts

AI and cloud adoption propel data center demand to record levels for 2023


DeSimone continues global expansion with latest UK acquisition


Rare green warehouse set to open in The Bronx