A new 14 story building sited on Riverdale Avenue featuring 48 one and two bedroom apartments with 40 parking spaces, a lobby, and 2,500 square feet of retail space was unveiled by representatives of Simone Developers for the former site of the proposed 11 story Riverdale Montefiore Medical Center rejected by the community. The apartments in the 14 story building to be on floors 3 - 14 will be condominiums, and become rentals (like the neighboring Tuflan Terrace building) if the apartments can not be sold. The ground floor on Riverdale Avenue will house a building concierge in the lobby, and have 2,500 Square feet of retail space. The second floor will be for 40 parking spaces of which 7 will be in the building with the remaining spaces lined up back to the Oxford Avenue parking lot entrance. 7 - 8 feet of the current land from where the former DJ Drug store foundation ends to Oxford Avenue will have to be removed for the project which seems to be using the same footprint as the old DJ Drug Store building did.
It was said that Simone Developers (the owners of the former rejected medical center site) is not in the business of building housing, that a 421A Tax Abatement would not be sought, and that the site is still available for sale.