Bronx Point Affordable Housing Complex, Coming to 575 Exterior St (New York: apartment, house)
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L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.
The overall funding includes $323.5 million for the building, along with $25.5 million from the NYC Economic Development Corporation for the construction of a waterfront esplanade along the Harlem River.
The mix of apartment layouts will include 135 studios, 192 one-bedrooms, 122 two-bedrooms, and 93 three-bedrooms. Occupants will have access to a private outdoor terrace, laundry facilities, a children’s room, a community lounge, a bike storage room, and a fitness center.
Additional components of phase one include 2.8 acres of public outdoor space, a permanent home for the Universal Hip Hop Museum, and an early childhood space run by BronxWorks. The development will also support a vibrant mix of cultural and community-focused programs and outdoor science programming facilitated by the Billion Oyster Project.
“For years, we’ve wanted a permanent home in The Bronx—the birthplace of hip hop—and we are proud to be a part of Bronx Point, which will be one of the great new destinations of the borough,” said Kurtis Blow, an award-winning hip-hop artist and chairman emeritus of the Universal Hip Hop Museum. “Hip hop grew from a seed that was planted at a house party on Sedgwick Avenue into a global movement, and our museum will celebrate that journey and the Bronx’s place in its history. For all those who rose with us and followed in our footsteps: this museum will be for you, forever.”
I admit, I don't know diddly-squat about most of the Bronx.
it’s not isolated at all. The empty lot is right at the Harlem River across the st from the 145th st bridge which opens up in the Bx at 149th st. It will sit steps away from the Gateway mall which has best retail shopping options for the South Bronx right now
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