$30M Bronx Waterfront Site Could Give Way To Residential Towers

Posted on November 19, 2014, 2:14 pm
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A tract of waterfront property in North Bronx’s University Heights, known to some as Fordham’s Landing, is being pitched as the perfect site for a massive residential tower development.

The property, which is located at 320 West Fordham Road along the Harlem River, is on the market for $30 million. Massey Knakal Realty Services, which has the listing, said the buyer would acquire the rights to build nearly 1 million square feet of residential living space.

Massey Knakal’s Karl Brumback called the listing a “game-changer” for North Bronx.

Brumback envisions four or five residential towers with a mix of market rate and affordable housing. But Friedland Realty Advisors analyst Steve Lorenzo said developers would be required to build a community-accessible feature to maximize the buildable space, the newspaper reported.

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