A new development is on the horizon for the South Bronx. Treetop Development announced its plans for a $160 million project, which will include two mixed residential buildings located on Gerard Avenue.
Originally the development was going to be a 12-story residential building, but Treetop changed the plans to include one 11-story and one 14-story building on the site. The 11-story development at 414 Gerard Avenue will become a mixed residential building with approximately 134 units, consisting of 92,000 square feet and 4,271 square feet for commercial space. The second tower located across the street at 445 Gerard Avenue will include around 300 residential units and include a 20,000 square foot “fresh food market.”
Treetop explains that: “[their] philosophy is to identify emerging neighborhoods and create signature residential properties that cater to professional – and creative – class renters who face difficulties in finding high-quality, market-rate housing they can afford.” Treetop is staying true to its philosophy as it commits to offer a combination of affordable and market-rate units.
Treetop states that the company “continuously seek[s] new and challenging projects that are redefining design standards and enhancing our communities, because, after all, change is good.” What change will the new developments have in the South Bronx? The building is set to have a variety of luxury amenities including roof decks, fitness centers and a yoga room, a pet spa, and entertainment rooms. The development will also provide co-working spaces, which has the potential to attract a number of young entrepreneurs who are moving away from traditional offices. The new development should be completed within 18 to 24 months. For renderings of the new development click here.
What else is in store for the South Bronx? The New York City Economic Development Corporation, the Department of Parks and Recreation and the Department of Housing Preservation and Development are planning a new project on the Harlem River with S9 Architects to develop 1,045 residential units of affordable housing. The complex will also include 60,000 square feet of commercial and amenity space for the community, such as an outside theater, public plaza, shops, and the Universal Hip-Hop Museum. This new development by the city is set to create around 915 jobs for the construction and 100 jobs for the commercial space.
 Small, Eddie. (Jan. 16, 2018) “Treetop changes plans for two-building South Bronx project.” The Real Deal. Available at: https://therealdeal.com/2018/01/16/treetop-changes-plans-for-south-bronx-resi-complex/. Accessed on Jan. 31, 2018.
 Warerkar, Tanay. (Jan. 18, 2018) “Massive 400-unit Mott Haven rental will bring pet spa, co-working to South Bronx.” Curbed New York. Available at: https://ny.curbed.com/2018/1/18/16898724/south-bronx-mott-haven-rentals-renderings. Accessed on Jan. 31, 2018.
 Trettop Development. Profile. Available at: http://www.treetopdev.com/profile/#landing. Accessed on Jan. 31, 2018.
 Trettop Development. Profile. Available at: http://www.treetopdev.com/profile/#challenge. Accessed on Jan. 31, 2018.
 Beeche, Jordan. (Jan. 17, 2018) “New Renderings Revealed for 1,045-Unit Bronx Point Complex, South Bronx.” YIMBY New York. Available at: https://newyorkyimby.com/2018/01/new-rendering-revealed-for-1045-unit-bronx-point-complex-south-bronx.html. Accessed on Jan. 31, 2018.