Permits have been filed for a seven-story residential building at 2768 Wallace Avenue in Bronxwood, The Bronx. Located at the southwest intersection of Arnow Avenue and Wallace Avenue, the lot is near the Allerton Street subway station, served by the 2 and 5 trains. Shimon Greenfeld of SCG Capital LLC is listed as the owner behind the applications.
The proposed 65-foot-tall development will yield 28,865 square feet designated for residential space. The masonry-based building will have 38 residences, most likely rentals based on the average unit scope of 759 square feet.
Nikolai Katz Architect is listed as the architect of record.
Demolition permits have not been filed yet for the two-story residential structure built in 1931. An estimated completion date has not been announced.
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