Developers have secured $130 million in construction financing for The 360, a planned 13-story residential building at 350 Grand Concourse in Mott Haven, The Bronx. Designed by S9 Architecture and developed in a joint venture between Shorewood Real Estate Group and Bogopa Enterprises, the 320,000-square-foot structure will yield 304 rental units. The project will also contain community facility space and 47,892 square feet of ground-floor retail that is pre-leased to Food Bazaar. Seventy-six of the residential units will be dedicated to affordable housing for households earning up to 60 percent of the area median income. The property is located between East 140th and 144th Streets.
Renderings of The 360 depict a sprawling, bulky massing with stepped setbacks topped with landscaped terraces beginning on the tenth floor. The building will feature a distinctive façade design with a two-story grid of fluted, gold-hued paneling that diminishes in thickness on the upper levels. The rest of the exterior will be clad in dark gray paneling surrounding a grid of recessed rectangular windows.
The ground floor will utilize floor-to-ceiling glass for the grocery store frontage, and a parking garage entrance is shown directly adjacent to the north of the retail space. The residential entrance will sit at the northwest corner, and a landscaped roof deck will cap the structure.
The property was formerly occupied by a gas station, as seen in the above Google Street View image from before its demolition.
PCCP provided the loan in a deal arranged by JLL Capital Markets, with managing director Lauren Kaufman and senior director Nicco Lupo handling the transaction. Additional incentives for the upcoming project include the FRESH certification, which provides zoning incentives for projects with qualifying grocery stores, as well as the brownfield cleanup program, which may offer tax credits and technical oversight for developers.
Residential amenities will include coworking spaces, a fitness center, and a rooftop lounge. A full list has yet to be disclosed.
The nearest subways from the ground-up development are the 2, 4 and 5 trains at the 149th Street–Grand Concourse station to the north.
360 Grand Concourse’s anticipated completion date is slated for 2028.
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