Joy Construction has announced plans to construct an 11-story affordable and supportive housing project at 1545 Jerome Avenue in Mount Eden, The Bronx. Built in collaboration with Services for the UnderServed and Blue Sky Development Partners, the 160,000-square-foot structure will yield 213 residential units. The property is currently occupied by a one-story parking facility.
Services for the UnderServed, which will own and operate the property, already has a presence in the area including supportive housing projects at 1770 Jerome Avenue and in Morrisania. The development of the project is in part due to the city’s broader effort to transform Jerome Avenue, which was rezoned in 2018 to accommodate 4,600 new housing units.
Parking structure currently at 1545 Jerome Avenue, via Google Maps
Construction is projected to cost approximately $130 million and is set to begin within the next year. The property will add to Joy Construction’s portfolio of affordable housing developments in the surrounding area, which includes the recently completed 750-unit River Crest development near Yankee Stadium and 1959 Jerome Avenue, which yields 320 units.
Transit nearby 1545 Jerome Avenue includes subway stations served by the B, D, and 4 trains.
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