2850 Webster Avenue Brings Affordable Homes and 12,000-Square-Foot Grocery Store to Bedford Park Near The New York Botanical Garden
Builds on Governor’s Commitment to Increasing Housing Supply
Governor Kathy Hochul today announced the completion of 2850 Webster Avenue in the Bedford Park section of the Bronx, which offers 188 apartments for New Yorkers aged 62 and older. The energy-efficient, mixed-use development includes a 12,000-square-foot grocery store operated by Cherry Valley Marketplace and on-site social services provided by Fordham Bedford Community Services. The development was constructed on property owned by and adjacent to the New York Botanical Garden, and residents will enjoy complimentary membership to the garden.
“As we work to increase New York’s housing supply, it is critical we invest in housing that allows seniors to live independently with access to the life-enhancing resources and amenities they need to thrive,” Governor Hochul said. “Support services, sustainable features, and access to green space improve outcomes and help people flourish. 2850 Webster Avenue is the result of public and private partners committed to creating housing that has long-term benefits – not just for residents, but for their families, their communities, and our entire State.”
The recent completion at 2850 Webster Avenue complements Governor Hochul’s $25 billion comprehensive Housing Plan that will create or preserve 100,000 affordable homes across New York, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes.
The 12-story development includes 151 studio apartments and 36 one-bedroom units affordable to households earning up to 60 percent of the Area Median Income. Fifty-seven units are reserved for individuals formerly experiencing homelessness. Fordham Bedford Community Services offers on-site social services to residents including benefits screening, advocacy, and group activities.
Additionally, the building is designed with features that promote aging in place, such as grab bars in bathrooms, roll-in showers, and lower counter heights. Other amenities include an on-site laundry room, fitness room, bike storage, and outdoor space on both the second floor and the building’s rooftop.
The building is also designed to meet criteria for certification from Enterprise Green Communities and Energy Star programs. Energy efficient features include low flow, water sense plumbing fixtures, and Energy Star appliances and lighting. The building also includes a green roof and urban gardening planters on the terrace.
The 2850 Webster Avenue units were constructed by Douglaston Development LLC and are the first of a two-phase development being built on lots owned by the New York Botanical Garden. The second phase will include 258 units for low-income households and an additional 8,000 square feet of grocery space on the ground floor.
State financing for the $91 million development includes $32.1 million in tax-exempt bond financing, $33.6 million in Low-Income Housing Tax Credits, and $6.6 million in subsidy. The New York City Department of Housing Preservation and Development provided $14 million through the Senior Affordable Rental Apartments Program.
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