Rendering of Bronx Point. Image Credit: City Planning Commission

Bronx Point could spark development in the South Bronx. On August 14, 2019, the City Planning Commission unanimously approved an Urban Development Action Area Project (“UDAAP”) application in the South Bronx. The project, more commonly referred to as “Bronx Point” was brought by the Department of Housing Preservation and Development (“HPD”) to designate the property located north of East 150^th Street, south of Mill Pond Park, west of Exterior Street/Major Deegan Expressway and east of the Harlem River as an UDAAP. UDAAP designations provide tax exemptions for the rehabilitation or new construction of housing, on former city owned land, if City Council determines the area to be in need of an urban renewal.

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Image credit: GoogleMaps

The City Planning Commission approves the rezoning of five-acres on the waterfront of the Harlem River. On August 23, 2017, the City Planning Commission approved an application by the New York City Economic Development Corporation to establish a Special Harlem River Waterfront Subdistrict for future development in the Bronx. The application included the sale of city-owned property to the Development Corporation, a zoning map and text amendment, and a special permit to reduce parking requirements. (read more…)