University Macombs Apartments

Bronx, NY

Bronx Pro was awarded and developed 12 former NYCHA properties and 1 new construction building totaling 494 units. Project phases 1 & 2 utilized tax-exempt bonds issued by the NYC Housing Development Corporation, and federal Low- Income Housing Tax Credit equity. Phase 3 of the project was financed with HDC recycled bond financing plus developer equity. The project’s substantial renovation included new buildings systems and upgraded apartments. The green scope included energy efficient fixtures and equipment and a solar thermal installation named by New York Solar Energy Industries Association as the best project of the year in 2011. Construction was completed in January 2011. The Total Development Cost was $73.4 million.