Huge South Bronx affordable housing complex will include Hip Hop Museum, food hall, and more

A vacant waterfront site in the booming South Bronx will give way to an enormous affordable housing complex with 1,045 residential units, a home for the much-hyped Universal Hip-Hop Museum, a waterfront esplanade and outdoor performance space, a multiplex theater, and, of course, a food hall, in this case curated by Anna Castellani of Brooklyn’s wildly popular Dekalb Market Hall. The Real Deal reports that L+M Development Partners won the bid for the $200 million project, dubbed Bronx Point, which is located adjacent to Mill Pond Park and the 145th Street Bridge that runs into Manhattan.

Last July, the NYC Economic Development Corporation issued a request for proposals for the site. Ron Moelis’ L+M is working on the project with developer Type A Projects, a Certified Woman-Owned Business Enterprise that focuses on education spaces and public schools. To that end, Bronx Point will also include educational space with programming from local institutions like the Bronx Children’s Museum and City Science.

The development will be done in two phases: The first will be completed in 2022 and include 600 units of extremely low- to moderate-income affordable housing, the Museum, the movie theater, the food hall (which will focus on Bronx-based vendors), a new 2.3-acre esplanade along the Harlem River that will connect to and expand Mill Pond Park, an outdoor performance space, and a public plaza along Exeter Street; a date hasn’t yet been set for phase two, but it will include the remaining residential units, as well as commercial and community space.

Bronx Point joins a growing roster of large-scale developments in the South Bronx, the majority of which include an affordable housing component. These include Somerset Partners and Chetrit Group’s seven-tower, 13,000-unit residential project at the foot of Mott Haven’s Third Avenue Bridge that will also include a new waterfront esplanade and the $160 million Bronx Commons mixed-use development that will bring 305 affordable apartments and a new music venue to Melrose. There are also two other preliminary food hall plans for the area–the “affordable” Bruckner Market and beer garden and another at a vacant Amtrak station.

[Via TRD]

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