NEW YORK | Fordham Landing (320 West Fordham Rd.) | FT | FLOORS (5 million sq-ft)

[chris08876]

Note: This could be a very large project. With many towers. The renderings provided are somewhat visionary, and may be subject to change.

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Bronx waterfront parcel could be next mega development for a cool $30M

A nearly abandoned lot in University Heights could soon become the Bronx’s next residential haven.

Realtors are wooing bidders for a prime tract of north Bronx waterfront they say would be perfect for hulking towers. Asking price: a cool $30 million.

A developer could build nearly 1 million square feet of residential space on 320 W. Fordham Road in University Heights — known to some as “Fordham Landing” — just off the Major Deegan Expressway and steps from the Harlem River, according to the listing by Massey Knakal, which took over the site earlier this year.

Karl Brumback, the firm’s vice president, envisions four or five towers with a mix of market-rate and affordable housing and parking for the waterside unit.

“This is a game-changer for the north Bronx,” said Brumback.

There’s one potential pitfall: The privately owned parcel is located directly across the street from a planned residence that includes a homeless shelter.

Manhattan-based nonprofit Bowery Residence Committee wants to build a shelter, with 200 single rooms for homeless residents alongside 132 affordable units, in space on Landing Road space currently used by Dallas BBQ as a parking lot, the News reported in July.

[...]

Karl Brumback, of the real estate firm Massey Knakal, envisions four or five towers with a mix of market-rate and affordable housing and parking for the waterside unit



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BY BEN KOCHMAN NEW YORK DAILY NEWS
http://www.nydailynews.com/new-york/bron...-grabs-cool-30-million-article-1.2015470

[chris08876]

Final Negotiations Begin For $3.5 Billion Redevelopment At Fordham Landing, In The Bronx

A $3.5 billion initiative to reshape and redevelop an industrial wasteland on the Eastern edge of The Bronx has reached the final stages of negotiations, and could soon begin construction. Known formally as Fordham Landing, the property is located between the Harlem River and the Major Deegan Expressway, immediately adjacent to the University Heights Bridge.

Preliminary renderings were scooped by Lois Weiss of the New York Post earlier this week, to reveal several high-rise towers, an aquatic recreation space, and a public esplanade. Dynamic Star, the development team behind the propose project, has tapped design architects NADAAA and Perkins Eastman.

Pending approvals, the development could yield a whopping 5 million square feet, including office space, a mix of affordable and market rate apartments, a new hotel and conference center, community spaces, and 12 acres of open spaces.

The only specified portions of the proposed project so far include a 700,000-square-foot “Life Sciences Center” and associated office space. Residential area will reportedly include a total of 2,800 apartments, with approximately 30 percent to be let as affordable homes.

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NYY

[Antares41]

This proposed development is on the "western edge" of the Bronx not the eastern edge. It would be right to call it the eastern edge if it were on the other side of the Harlem river in Manhattan,

[NYguy]

https://therealdeal.com/2019/11/04/ambitious-bronx-project-gains-powerful-union-ally/

Ambitious Bronx project gains powerful union ally
The $3.5 billion Fordham Landing requires City Council approval





November 04, 2019
By Eddie Small

A breathtakingly ambitious Bronx project now has Gary LaBarbera in its corner.

The president of the Building and Construction Trades Council of Greater New York came out strongly in favor of the project during a tour of the expansive site, citing the employment the development would create.

“It is going to open opportunity for thousands of jobs, 10,000 permanent jobs for residents of the Bronx,” the powerful labor leader said. “And it’s going to create 8,000 construction jobs.”

LaBarbera’s support is not a surprise, given that the developer has pledged to build it with union labor exclusively. But it is important because his endorsement will make it easier for the $3.5 billion project to win the City Council approval it needs without having to make extensive concessions beyond the amenities it is already promising.

LaBarbera said that the AFL-CIO’s Housing Investment Trust, Building Investment Trust and Union Labor Life Insurance Company were all “very interested in investing in this project.”

“So we see this project as a unique relationship,” he said. “This is a partnership between union pension funds, union building trades, and the development team.”

[chris08876]

Meridan Capital Group Inks $18.85M Financing For Fordham Landing Development In The Bronx

Developers behind a sprawling mixed-use community in The Bronx recently secured an $18.85 million injection from Meridian Capital Group, one of the largest mortgage brokerage firms in the United States. The funding is specifically allocated to facilitate the construction of a new building at 2475 Exterior Street located along the Harlem River, immediately south of the Alexander Hamilton Bridge.

The new property will comprise 495,000 square feet and is the latest confirmed project within the Fordham Landing mega-development. The building will contain a mix of affordable housing units, student housing, a public school, a research center, retail, and office space.

The entire Fordham Landing development comprises an assemblage of five neighboring lots spanning approximately 40 acres of land formerly owned by CSX Corporation, a publicly traded holding company with a focus on rail transportation. Under CSX, the site functioned as a rail yard. Dynamic Star, the new property owner, acquired the assemblage in 2019 and expects full completion by 2029.

“The loan proceeds will be used to facilitate the acquisition of the CSX site and fund interest, carry, and closing costs,” said Ronnie Levine, senior managing director of Dynamic Star. “Our next step is to pair Dynamic Star with a strong equity partner who will able to take advantage of significant tax benefits as some of the assemblage falls within an Opportunity Zone. Dynamic Star has successfully closed on the scrapyard parcel, as well as the La Salle piece, and is now moving forward with their work with city planning to make this dream a reality.”

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NYY

[chris08876]

Dynamic Star continues adding to $3.5B Bronx megaproject
The property will be part of Dynamic Star's $3.5 billion Fordham Landing development

Dynamic Star continues to snap up properties as it moves forward with a massive mixed-use project in the Bronx.

Dynamic Star purchased a concrete plant site along the Major Deegan Expressway for $21 million, Crain’s reported. Galway Realty sold the property.

The development firm intends to incorporate the new parcel into Fordham Landing, the $3.5 billion megaproject it’s planning in University Heights near the Harlem River.

Fordham Landing could become one New York’s largest real estate project since Hudson Yards. As planned, the project would sit on a 30-acre site and could have 2,380 apartments, including 720 units of affordable housing, according to Crain’s. It would also include about 50,000 square feet of retail space, an 800,000-square-foot life sciences center, a hotel, waterfront bars and restaurants, and an e-sports center.

But it will be some time before that ambitious plan comes to fruition: According to Dynamic Star’s Brad Zackson, the pandemic delayed the project’s timeline by about a year. Now, the development firm is hoping to reach an agreement with the city for the project’s conceptual design in the first half of the year. The project would also need City Council approval through the city’s land use review process, which the firm is hoping to get by 2023.

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TRD

[chris08876]

Signature Bank, Columbia Pacific Refi Fordham Landing Project With $70M Loan

SEPTEMBER 1, 2022

A joint venture between Dynamic Star, Namdar Realty Group and Gorjian Acquisitions has sealed a $70 million debt package to refinance a planned mixed-use development in the Bronx, Commercial Observer can first report.

Signature Bank and Columbia Pacific Advisors provided the 12-month, floating-rate loan for the sponsorship’s Fordham Landing project, which sits on 14 acres of underutilized property. The deal was closed by Signature Bank’s Ken Stagnari and Joe Fingerman along with Columbia Pacific’s Will Nelson.

Meridian Capital Group’s Shlomo Weissberg arranged the transaction out of the company’s New York City headquarters.

Located along the Harlem River at 2475 Exterior Street, Fordham Landing is considered one of the last pieces of undeveloped waterfront property in New York City. The site sits adjacent to the Bronx’s University Heights neighborhood and is less than half a mile from Yankee Stadium.

Development plans at Fordham Landing involve more than 2.5 million square feet of mixed-use projects including a conference center, restaurants and entertainment venues. It will also include community space and open space for playing fields.

Connecticut-based Dynamic Star added Namdar Realty Group and Gorjian Acquisitions as partners in the Fordham Landing project last year.

Officials at Dynamic Star and Columbia Pacific did not immediately return requests for comment. Signature Bank declined to comment.

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https://commercialobserver.com/2022/09/s...i-fordham-landing-project-with-70m-loan/

[NYguy]

https://commercialobserver.com/2025/08/eric-adams-housing-bronx-waterfront/

Adams Announces Project to Build 927 Homes on Bronx Waterfront





By Isabelle Durso
August 8, 2025

More affordable housing is coming to the Bronx.

The city is partnering with developers Dynamic Star and Lettire Construction on a new project called Fordham Landing South, which would create 927 affordable homes and public waterfront access along the Harlem River in the Bronx, according to a Friday announcement from New York Mayor Eric Adams.

The project also calls for the construction of two mixed-use buildings, parking spaces, a new road and new access to the Metro-North Railroad to redevelop “an underused stretch” of the Harlem River immediately south of the University Heights Bridge, the announcement said.

The 927-homes are part of Fordham Landing South — which would be 100 percent affordable — would serve a mix of income levels, with at least 15 percent of the units dedicated to formerly homeless families, according to the announcement.

The Bronx project is set to be financed by the New York City Department of Housing Preservation and Development and through a $55 million award from the state administered by Empire State Development, according to the announcement.

“With today’s announcement, the long-held dream of transforming this neglected stretch of Bronx waterfront into a vibrant, accessible community is finally becoming a reality,” Gary Segal, co-founder and CEO of Dynamic Star, said in a statement. “What was once deserted will soon be a destination — a place where families can live, work, and thrive for generations to come.”
Nick Lettire, president at Lettire, added that Lettire is “grateful” to bring “high-quality and sustainable affordable housing to the Bronx.”

• Video Link

[NYguy]

https://www.welcome2thebronx.com/2023/08...n-on-fordham-landing-by-end-of-the-year/











https://www.connectcre.com/stories/dynam...lhouse-project-at-fordham-landing-south/






https://www.multihousingnews.com/reimagining-the-bronx-waterfront/

[NYguy]

https://onefordhamlanding.com/

[chris08876]

Fordham Landing South Receives $55 Million Grant In University Heights, The Bronx

Empire State Development has invested $55 million to support the advancement of Fordham Landing South, a two-building affordable housing development in University Heights, The Bronx. The funding will enable infrastructure improvements and site preparation to support the mixed-use complex, which will rise along the Harlem River waterfront on an underused stretch of land just south of the University Heights Bridge.

State funds will support infrastructure work including planning, design, construction, and site acquisition. The initiative follows the City of New York’s announcement in August 2025 and is part of Governor Hochul’s ongoing housing agenda, which includes new capital funding and policy measures to expand housing access statewide.

Fordham Landing South will yield more than 900 new affordable homes, as well as a charter school, grocery store, underground parking, and approximately 3 acres of new public open space.

“After nearly four decades, we are finally unlocking the potential of this site and transforming it into something that serves the people of The Bronx,” said Assemblymember Yudelka Tapia. “This is about empowering families so they can live with dignity, put food on the table, and build a community where Bronx residents can live, work, and thrive.”

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NYY

[Busy Bee]

Pleased to see this one moving again. But like many projects around the city, it could justifiably be twice the density. Let's all admit it would be pretty cool to see a Chinese style row of 50 story towers on the east bank of the Harlem River.

[NYguy]

Originally Posted by Busy Bee

Pleased to see this one moving again. But like many projects around the city, it could justifiably be twice the density. Let's all admit it would be pretty cool to see a Chinese style row of 50 story towers on the east bank of the Harlem River.

The city puts too many limits on too many things.

[NYguy]

[ChiND]

Magnificent. I'd love to see the area immediately around Yankee Stadium rezoned and thoroughly redeveloped. Its transit links to Manhattan are fantastic.

[Urbannizer]

Dynamic Star files second bankruptcy for Fordham Landing megaproject

Igal Namdar, Gary Segal and Brad Zackson are locked in a fight for control of a megaproject that was set to bring 5,000 affordable housing units to the Bronx.
Dynamic Star’s Segal and Zackson have squared off with Namdar, with Segal accusing the investor of “brazen acts of treachery” in seeking to push out the partners by acquiring a defaulted loan and attempting to foreclose on the property.

Now, Segal filed a new bankruptcy to keep the reins on the highly ambitious, but yet to be realized, project.

Segal recently put entities controlling Fordham Landing’s two phases into bankruptcy, halting the foreclosures and sending the heated legal battle into federal court. PincusCo first reported on the bankruptcies.

This is Dynamic Star’s second attempt at bankruptcy to thwart foreclosure by a lender with close ties to Namdar. The firm has also unsuccessfully sought to expel Namdar from the partnership.