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Deals & Dealmakers

Non-profit group SoBro files plans for 123-unit housing complex in Inwood

Non-profit group South Bronx Overall Economic Development Corporation has filed plans for a 12-story, 123-unit affordable housing tower at 1769 Fort George Hill in Inwood.

According to a permit application filed with the Department of Buildings, the organization is looking to build a 135,361 s/f property. There will be a total of 119,625 s/f of residential space and 16,096 s/f for a community facility. The community facility space will be divided between a church, a community room and a daycare facility.

If approved as proposed, the tower would 143 feet tall. Planned amenities in the building include a gym, a storage room and a rooftop recreation area.

SoBro acquired the property for $275,000 in 2007, according to property records. The previous owner, the Movimiento Misionero Mundial church, will continue to occupy the space. Portions of the first and second floor have been earmarked for a church and a pastor’s office.

The De Blasio administration is currently looking to rezone a large portion of Inwood, from 10th Avenue moving east. The city predicts that the initiative will create 4,348 residential units by 2032, with many of the new apartments being rent-regulated under mandatory inclusionary housing rules.

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