Q&A
Details and considerations for 1601 Bronxdale Avenue development
3:14:22
·
139 sec
Council Member Riley asks specific questions about the 1601 Bronxdale Avenue project, including costs, housing units, and potential alternatives. The development team provides detailed responses.
• The pedestrian connection to the new Metro North station is estimated to cost about $15 million. • The project could provide approximately 2,300 housing units, about a third of the total potential units in the rezoning area. • The developers express a strong preference for residential development, stating that dramatically reducing the height would make it unfeasible to provide the planned amenities and build the large project.
Kevin C. Riley
3:14:22
And over to 1601, what is the total cost the pedestrian connection to the new Metro North station.
3:14:36
Alright.
3:14:36
You can press it.
David Karnovsky
3:14:37
I'm sorry.
3:14:37
We estimate the total cost at about $15, 000, 000.
3:14:40
There are 3 components to this, just so you understand how it will work.
3:14:45
The first is that the platform of the new strength station has to be designed to accommodate the footings for the future pedestrian overpass.
3:14:54
And we have funded that work already, and it's being designed by the MTA.
3:14:58
Then the MTA will build a platform with those footings, the capacity to install those footings included in the base design, and that we estimate is about 2.8 $1, 000, 000.
3:15:10
And then finally, the overpass itself would be constructed at a later date, and that would be the remainder.
3:15:15
So that's the way the process would work we are engaged with the MTA.
3:15:19
I think it was said earlier by the MTA that they weren't sure if we're engaged, we are in fact engaged with the MTA.
Kevin C. Riley
3:15:26
How many units of housing can 1601 Bronxdale Avenue provide?
3:15:30
And what ratio is that of all the potential housing units?
3:15:34
That enter m n, the rezoning can deliver.
David Karnovsky
3:15:40
We believe that the total number of units is somewhere in the vicinity of 20 300.
3:15:45
That is about a third of the total number of units that city planning is estimated can be provided under the area wide rezoning.
Kevin C. Riley
3:15:55
1601 Bronxdale is an industrial area now.
3:15:58
Would you consider continuing it as an industrial use if the heights were cut to 15 stories equivalent with the proposed zoning for Parchester, with the land still makes sense for re residential mixed use development.
Leslie Himmel
3:16:15
We would really hope to make this a residential, a badly badly needed residential expansion as for, you know, our meetings with CPC and the city administration since 2019.
3:16:27
But if it was cut so dramatically, we couldn't afford to do the $40, 000, 000, $50, 000, 000 of amenities and raise the money to build this this large project.
3:16:38
So it it we would have no choice.