Showing posts with label Simone Developers Riverdale Property - What's Next?. Show all posts
Showing posts with label Simone Developers Riverdale Property - What's Next?. Show all posts

Wednesday, March 30, 2016

Simone Developers Riverdale Property - What's Next?



Above - The proposed 11 story Medical Center for the Oxford/Riverdale (West 248th Street) property owned by Simone Developers.
Below - What the site looks like almost two years after the medical center proposal was abandoned. A vacant eyesore of a lot where a building was demolished.






  This was the last proposal by Simone Developers, a 14 story 48 unit building which was rejected by the city. 

  Last night Community Board #8 held a Land Use meeting to find out the fate of the Oxford/Riverdale Avenue site from Simone Developers. The representative from Simone developers had no new information about the site, only that the sidewalk has been cleaned and will be on a regular schedule. When asked if the property was up for sale the answer was 'I don't know that information'. When I said that two developers (one the Stagg Group) were looking at the site to purchase the property from Simone, the same answer was given - 'I don't know anything about that'. 

  It seems that now with Mayor Bill de Blasio's MIH and ZQA zoning changes that the property value  has increased, because a developer can build higher than 14 stories as much as 16 or even 18 stories if certain elements of the MIH and ZQA are incorporated into the building, such as affordable housing or a senior building that could have little or no parking requirements. There was at least one real estate agent in the audience who has shown the Simone property to prospective buyers.