2017 Grand Concourse, Bronx
As part of the city of New York’s Third-Party Transfer Program, Bronx Pro Group was awarded 2017 Grand Concourse in the Mt. Hope neighborhood of The Bronx. Redevelopment of this underutilized site - currently a vacant three-story building - will bring approximately 34 units of studio, one and two-bedroom apartments to a neighborhood in great need of modern, affordable housing. The formerly city-owned, small, and difficult to develop site will be improved by a sleek ten story, responsive to the unique context of the Grand Concourse. The proposed development utilizes AIRS zoning to create an age-diverse, mixed income residential tower. Complete with resident gym, 2017 Grand Concourse will be built using Passive House technologies and will reach Enterprise Green Community certification.
Starhill Campus, Bronx
Services for the UnderServed Inc. (S:US) and Bronx Pro Group are partnering on an exciting redevelopment of an underutilized site located at 1600 Macombs Road in the Morris Heights section of the Bronx. The site is approximately 2 acres (65,000 feet) and it was occupied by a former hospital operated by S:US as a residential treatment center. The proposed development utilizes the new R8-A zoning allowed by the Jerome Corridor Rezoning to create a mixed use and mixed income campus to be developed in two phases with two buildings containing 570 new units of supportive and affordable housing connected by a one-story shared amenities bridge where common spaces and social service offices can be shared. The affordable units will serve a range of incomes between 30% and 80% AMI, and social services and operations for the supportive units are funded by ESSHI for Phase I and by NYC 15/15 for Phase II of the development.
The Phase I building is 253,00 sf with 326 units of supportive and affordable housing. It closed on construction financing in June 2022 and is 94% complete as of September 2024. The building includes 200 supportive housing units for singles and families. Total development cost is estimated to be $190 million financed through HCR’s Supportive Housing Opportunity Program (SHOP), HPD’s Supportive Housing Loan Program (SHLP), HFA tax-exempt bonds, 4% Low Income Housing Tax Credits, and Reso A funds.
The Phase II building will be 219,560 sf with 244 units, of which 169 will be affordable and 74 will be supportive. This building will also include approximately 8,000 square feet of community facility space. Bronx Pro and S:US closed on construction financing in June 2024. Total development cost of estimated to be $167 million, and is financed through HPD’s and HDC’s Extremely Low- and Low-Income Affordability (ELLA) programs, HDC tax-exempt bonds, 4% Low Income Housing Tax Credits, and Reso A funds. Phases I and II will share amenities spaces and social service offices to maximize the project’s efficiency. The Starhill campus will include 11,500 sf of publicly accessible open space, a rear yard, and a passive recreation area for residents located on the second-floor terrace. Total combined development cost is $357 million.
University Morris Apartments
In September 2018, Bronx Pro Group was awarded management of 3 distressed properties in Morris Heights via NYC’s Third-Party Transfer program. A substantial rehabilitation of properties is under construction, including new kitchens, baths, plumbing, roofs, and electrical upgrades across each of the buildings. The project is financed via HPD Subsidy Programs and 9% Low Income Housing Tax Credit Equity. The total development cost is $32.11 million, and the project closed on construction financing in December 2023.
Longfellow Marmion
Longfellow Marmion Apartments is a 2-building, 52-unit preservation project financed through HPD’s Third Party Transfer Program. Both buildings will undergo gut renovations resulting in all new apartment finishes, upgraded building systems, and enhanced energy efficiency and accessibility. Longfellow Marmion has a total development cost of $38.8 million financed through 9% Low Income Housing Tax Credits, HPD’s Multifamily Disposition and Finance Program, and a private construction and permanent loan. Longfellow Marmion Apartments is a joint venture with JGV Management Corporation.