Friday, February 14, 2020

Yet Another $3.5B Development Planned for Bronx

A massive $3.5 billion project to redevelop an industrial wasteland on the Eastern edge of The Bronx could soon begin construction. 

The project, known as Fordham Landing, will be located between the Harlem River and the Major Deegan Expressway, immediately adjacent to the University Heights Bridge. 

For decades, the vacant lot at 320 West Fordham Road in the Fordham section of Bronx has sat desolate on the Harlem River.

The enormous project will cover 5 million square feet, including office space, a mix of affordable and market rate apartments, a new hotel and conference center, community spaces, and 12 acres of open spaces.

Developer Dynamic Star is planning to construct several large towers on the site. One of these will hold a 700,000-square-foot Life Sciences Center for the gene therapy industry and offices. 


A total of 2,800 residential apartments are planned to be built under the 70/30 scheme, with 30 percent of units set aside as affordable and the rest as market rate. 

Additional offerings will include retail space, a hotel, a conference center, community spaces, and an e-sports stadium.

The project’s 12.5 acres of outdoor space will be transformed into a welcoming waterfront oasis with esplanades, playing fields, and water activities like kayaking. 

Additionally, a dilapidated cove between sections of the site would be turned into tidal gardens and wetlands with an urban beach and boathouse.

Fordham Landing would certainly have an impact on the surrounding community, which has not been forgotten in the plans. 

The site is very close to the University Heights Metro North stop, and improvements to the station are being planned. 

Additionally, a new K-5 elementary school is being planned for the local community.

A development this size 3 miles north from the current Port Morris/Mott Haven Harlem River Waterfront hot spot where thousands of units are planned or under construction simply demonstrates how eager developers are to develop anywhere there is sufficient land size in The Bronx.