Proposed 1,300-unit project near the Bronx River led by Gifford Miller would include a mix of affordable and market-rate apartments. On October 5, 2011, the City Council approved Signature Urban Properties’ proposal to build a ten-building mixed-use project overlooking the Sheridan Expressway and the Bronx River in the Crotona Park East and West Farms sections of the Bronx. To facilitate the approximately 1,300- unit project, Signature submitted multiple applications including a proposal to rezone an eleven-block area generally bounded by Boston Road to the north, Freeman Street to the south, West Farms Road to the east, and Boone Avenue to the west. Signature proposed rezoning the primarily industrial area from M1-1 to R6A, R7A, R7X, and R8X districts with C2-4 commercial overlays.

Signature proposes to build seven buildings along two blocks of West Farms Road and Boone Avenue between East 173rd and Jennings Streets and divided by East 172nd Street. Signature first plans to develop two buildings on the northern portion of the block bounded by East 172nd and Jennings Streets. The buildings will range in height from three to nine stories along Boone Avenue and from nine to fifteen stories along West Farms Road, and will include 237 residential units and 130 underground parking spaces.

Five buildings will be developed on the block to the north, which will be divided by a 60-foot wide landscaped open space. To the south, two buildings will range in height from six to thirteen stories and include 288 apartments, ground floor commercial space along Boone Avenue and a central courtyard with a public playground. Signature will provide space for a six-story elementary school in one of the three buildings on the block’s northern portion. If the School Construction Authority elects to build the school, Signature would create a total of 317 apartments in the remaining floor area. The three buildings would include a total of 370 apartments if the SCA does not build the school.  (more…)