First Development Proposed for Jerome Avenue Rezoning Area: Two Massive 17 Story Buildings

It’s been a little over a month since the controversial Jerome Avenue Rezoning was approved by the New York City Council and already one developer has proposed a massive development spanning two 17 story buildings on either side of River Avenue and the 4 train.

Although plans have yet to be filed, The Real Deal reports that Maddd Equities is working on a proposal for 1159 and 1184 River Avenue at 167th Street for a 750 unit development spanning 548,000 square feet.

The article reports that the units would be targeted to low-income “affordable” housing as well as supportive housing.

Two parking lots on River Avenue next at the 167th Street Station along the 4 line will give way to two 17 story buildings providing over 700 units of residential housing.

This will pave the way for the some of the first businesses to be displaced by the rezoning, something which community activists feared would happen.

Developers are hungry to take advantage of the new rezoning and unlike other rezonings which took years for developers to even break ground on new developments, here things are moving at an extremely fast pace.

We knew the neighborhood would change but this is pushing the timeline much faster than expected.

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Ed García Conde

Ed García Conde is a life-long Bronxite who spends his time documenting the people, places, and things that make the borough a special place in the hopes of dispelling the negative stereotypes associated with The Bronx. His writings are often cited by mainstream media and is often consulted for his expertise on the borough's rich history.