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Old Posted Nov 21, 2014, 9:10 PM
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Smile NEW YORK | Fordham Landing (320 West Fordham Rd.) | FT | FLOORS (5 million sq-ft)

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



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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/...icle-1.2015470
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  #2  
Old Posted May 28, 2019, 4:06 AM
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Final Negotiations Begin For $3.5 Billion Redevelopment At Fordham Landing, In The Bronx



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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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Old Posted May 28, 2019, 10:17 PM
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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,
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Old Posted Nov 4, 2019, 4:32 PM
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https://therealdeal.com/2019/11/04/a...ul-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


Quote:
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.
Quote:
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.”
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NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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Old Posted Mar 9, 2020, 2:20 PM
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Meridan Capital Group Inks $18.85M Financing For Fordham Landing Development In The Bronx





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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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