Project Description
The proposal involves a request from the project sponsor, Rose Hill Asset Management Corp., for construction financing HPD to facilitate the development of a new affordable housing building in the Belmont neighborhood of the Bronx, Community District 6. The proposed project would be developed through HPDs Neighborhood Construction Program. The project site is located at 712-720 East 187th Street and 2361-2365 Crotona Avenue, Bronx NY (Block 3103, Lots 33 and 35), on southwest corner of the intersection of East 187th Street and Crotona Avenue. The project site measures approximately 5,600 square feet (sf). Currently 712-720 East 187th Street contains three retail units, 2365 Crotona Avenue contains one residential unit and one vacant retail unit, and 2361-2363 Crotona Avenue contains two vacant residential units. Under the proposal, the existing buildings on the project site would be demolished to facilitate the new construction of the proposed project, a new five-story, approximately 20,023 gross square foot (gsf) building containing 24 units of affordable housing and approximately 4,278 sf of commercial space.