COMMENTARY: Remembering the Silver Linings of 2020 postnewsgroup.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from postnewsgroup.com Daily Mail and Mail on Sunday newspapers.
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
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.