The New York City Planning Commission has approved plans to construct a 970-unit affordable housing complex along the Bronx River waterfront. Located in the Crotona Park East neighborhood, the development is currently addressed as 1460-1480 Sheridan Boulevard and will include three 24-story buildings.
Simone Development, the Bronx-based developer behind the Sheridan Boulevard project, has owned the site for almost four decades. Representatives from the company say the decision to replace the auto shop that occupied the site was fueled by the ongoing transformation of the area into a pedestrian-friendly neighborhood with quality affordable housing and improved access to the Bronx River Greenway.
The project will also create more than 20,000 square feet of commercial space, over an acre of public outdoor space, and an amphitheater.
“As an organization that cares deeply about the borough that we have called home for decades, we are grateful for the opportunity to not only help address our housing crisis, but also connect our community to its beautiful waterfront,” said Patricia Simone, principal of Simone Development. “We applaud Chair Salamanca, Speaker Adams, members of the City Council, Mayor Adams, and Borough President Gibson for their leadership and action to create new, high-quality affordable homes for our neighbors.”
Rendering of outdoor promenade at 1460-1480 Sheridan Boulevard
Before construction can break ground, the proposals must be approved by City Council, one of the final steps of the requisite Uniform Land Use Review Procedure (ULURP).
When complete, it’s expected that a portion of the apartments will be deeply affordable for individuals earning up to $49,000 a year. Other units will be designated to households earning up to $108,000 a year.
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