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Dec. 23, 2020 10:00 am ET
A major mixed-use development on the Bronx Harlem River waterfront is scheduled to start construction next month, with developers expected to close on about $349 million in financing next week following months of delay because of the new coronavirus pandemic.
The project, Bronx Point, will encompass 542 units of affordable housing on a former industrial site in the borough’s Lower Concourse neighborhood. The development will also house several community and cultural centers, including a permanent location for the Universal Hip Hop Museum.
David Dishy, president at L+M Development Partners, said economic uncertainty and anxiety clouded most projects at the beginning of the pandemic last spring, particularly those like Bronx Point that relied on public financing.