Peter Magistro’s Bronx Pro Group has closed on the latest deal by the New York City Housing Authority to have private developers build affordable homes on its land.
Called Melrose North, the $92 million project will create 171 units of supportive and affordable housing on a disused NYCHA waste facility on Courtlandt Avenue between East 162nd Street and East 163rd Street in the South Bronx.
Construction is expected to start in January on the site at 925 Courtlandt Avenue, a vacant lot that housed a trash compactor serving NYCHA’s Morrisania development. The site was awarded in July 2018 to Bronx Pro Group and Services for the UnderServed (S:US) and through a RFP and NYCHA entered into a ground lease with the developers.