Park Lane Senior Apartments Opens at 1940 Turnbull Avenue In Soundview, The Bronx

 

Park Lane Senior Apartments, a 14-story affordable senior housing project, has opened for occupancy at 1940 Turnbull Avenue in Soundview, The Bronx. Developed by Asland Capital Partners and Pembroke Development, the 115,000-square-foot structure yields 154 units in studio to one-bedroom layouts, all designated as 100 percent affordable senior housing. Thirty percent of the apartments are reserved for formerly homeless seniors, and on-site social services will be provided by local not-for-profit, Self Help. The property is located between Pugsley Avenue and White Plains Road. 

Photograph of Park Lane Senior Apartments, courtesy of Asland Capital Partners and Pembroke Development

Amenities at Park Lane Senior Apartments include indoor and outdoor recreational spaces, a shared laundry room, bicycle storage, and two community rooms programmed by Selfhelp. Residents will only be responsible for 30 percent of their income toward rent.

The property features a number of sustainable elements, including low-flow water fixtures, a high-performance building envelope, and a green roof. The development team is seeking a LEED Gold Version 4 for Homes-Multifamily Midrise certification.

Photograph from ribbon cutting at Park Lane Senior Apartments, courtesy of Asland Capital Partners and Pembroke Development

“Opening this 100-percent affordable housing project for New York’s seniors is a truly special milestone, and we are gratified and proud to deliver a building that will make a meaningful impact,” said James H. Simmons, III, CEO and founding partner of Asland. “We are excited to play a leading role in this major development in the Soundview section of The Bronx, an area where we have been committed to preserving affordable housing over the past 15 years. Thanks to the collaboration and support of an incredible group of partners, city agencies, and elected officials, we have delivered 154 affordable housing units that are desperately needed by the most vulnerable New York residents. We look forward to seeing our residents move into their new homes as soon as possible.”