BRONX WEEKLY S www.BXTimes.com eptember 8, 2019 8
Bronx Pro Group announces
affordable mixed-use development
SCS Back2School Jam Block Party
Celebrates 25th Year
Stratford Community Services, Inc.; NYC LGBTQS Chamber of Commerce and 1471-73 Watson
Avenue Resident Council co-hosted the 25th annual SCS Back2School Jam Block Party on Saturday,
August 24 at 1471 Watson Avenue.
(above) Local youth proudly displayed their vibrant face paint designs.
(above left) Senator Luis Sepulveda met with Maribel (l) and Mary during the
festivities.
(far left) Josephine Luna-Turpin (r) graciously accepted her Certifi cate of
Recognition from Rev. Carmen Hernandez, NYC LGBTQS Chamber president
and founder.
(left) Lil Lex (front, c) was honored with a Certifi cate of Recognition.
Photo by Miriam Quin
BY STEVEN GOODSTEIN
Construction of an affordable
housing development is set to begin
in Tremont in the next few
months.
Bronx-based real estate
agency Bronx Pro Group has announced
plans for its new residential
complex for a site at 4697
Third Avenue.
The eight-story project will
consist of 53 units, including
studios, one-, two- and threebedroom
apartments. All of
the units, except for the one reserved
for the superintendent,
will be available as rentals.
Studios will range from $362
to $1,162, one-bedroom units will
range from $465 to $1,465, twobedroom
units will range from
$569 to $1,769 and three-bedrooms
will range from $650 to
$2,037, according to an individuals
annual income.
Building amenities will
include a large terrace, playground,
garden, an indoor gym
and bike room, as well as on-site
laundry.
The rents and incomes are expected
to be restricted to a maximum
of between 30 and 80 percent
of the area median income
(AMI).
The mixed-use project will
also include nearly 6,500 square
feet of ground-fl oor retail and
commercial space. The tenants
have not yet been determined. It
is unknown how many jobs will
be generated.
Award-winning designers
Curtis + Ginsberg are the architects
for this project.
According to developer
Bronx Pro Group, the project is
designed and will be constructed
to meet the Passive House certifi
cation, a criteria that includes
quality, comfort and energy effi
ciency.
The Passive House certifi -
cation means that the development
requires minimal energy
to achieve a comfortable yearround
indoor temperature and
does not need to rely solely on
conventional methods such as
heating and air conditioning to
do so.
Bronx Pro Group also confi
rmed that this project is expected
to be fi nanced under the
NYC Housing Preservation and
Development’s New Construction
Program, as well as a NYC HPD
loan, a NYS Homes and Community
Renewal’s 9% Low Income
Housing Tax Credit equity, Middle
Income Housing Program funds,
a Community Investment Fund
loan and a private bank loan.
Bronx Pro Group intends to
break ground at the Third Avenue
site in November 2019, with
completion expected two years
later in November 2021. The 9,500
square-foot lot, located between
East 188th Street and Cyrus Place,
is currently vacant.
Rendering of 4697 Third Avenue. Photo courtesy of Bronx Pro Group
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