Developers Celebrate The Opening Of Bronx Point At 575 Exterior Street In The South Bronx

 

On October 19, Bronx Point celebrated its opening in a ribbon-cutting ceremony led by L&M Development Partners, Type A Projects, BronxWorks, and The Hip Hop Museum, alongside elected officials and community leaders. The $349 million mixed-use development, located on the Harlem River waterfront in the South Bronx, is set to offer 542 affordable housing units in its first phase.

The goal of Bronx Point is to address the need for affordable housing in the South Bronx, with the broader goal of revitalizing the community’s public spaces. The project introduces 2.8 acres of new waterfront public park and esplanade to the area, expanding the footprint of the community’s accessible outdoor space.

The project’s retail spaces and the early childhood space will be managed by BronxWorks and are designed to support local businesses and provide essential social services. In addition, the project will house The Hip Hop Museum, which aims to become a global hub for celebrating the genre’s rich history and ongoing influence.

Exterior of The Hip Hop Museum, by Sylvester Zawadzki

“Affordable housing, public spaces, and the soon-to-open International Hip-Hop Museum are great additions to an exciting, vibrant, and resilient Bronx community,” said Adolfo Carrión Jr., commissioner of the New York City Department of Housing Preservation and Development. “Bronx Point is a testament to the hard work and dedication of an excellent development team and visionary Bronx leaders.”

Bronx Point’s public spaces, designed by Marvel Architects, feature amenities including a playground, fitness zones, and seating areas. Bronx Point is in close proximity to several borough institutions and public transportation, enhancing its accessibility and connectivity to key urban centers.

The funding model for Bronx Point is made up of a blend of public and private capital. Major backers include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, and Empire State Development.