Douglaston Development Breaks Ground on 277-Unit Affordable Housing Project in the Bronx
Douglaston Development, in partnership with its general contracting and construction management affiliate, Levine Builders, has initiated construction on a significant affordable housing project at 2868 Webster Avenue in the Bronx. This development represents a substantial addition to the area’s multifamily housing stock, consisting of 12 stories and 277 units designed to provide affordable living options for families in the community. Notably, this project marks the second phase of a larger mixed-use development adjacent to the expansive 250-acre grounds of the New York Botanical Garden.
The site’s development process commenced with the successful demolition of the previous building. This step was finalized last month after Cherry Valley Marketplace, the former tenant, relocated to a newly constructed facility within the adjacent Phase One building. The completion of the new residential structure is projected for 2027, with plans to enhance the living conditions for local families in a thriving neighborhood.
Jed Resnick, CEO of Douglaston Development, expressed enthusiasm for the project, stating, “We are honored to deliver additional much-needed affordable housing for families to benefit the Bronx community. We are very proud of the work completed within Phase I alongside our project and community partners and look forward to continuing that collaboration as we advance and bring Phase II to fruition.” This commitment underscores the company’s dedication to addressing the urgent demand for affordable housing in one of New York City’s most underserved boroughs.
The new 277-unit complex will complement the previously completed 188-unit affordable housing development at 2850 Webster Avenue, aimed specifically at senior citizens and finalized in 2023. Together, these projects signify Douglaston Development’s steadfast commitment to creating sustainable and affordable housing options that will benefit the Bronx community for years to come.
As city officials and urban planners continue to emphasize the importance of increasing affordable housing availability amidst rising costs and population growth, developments like 2868 Webster Avenue play a critical role in shaping a more inclusive urban landscape. The initiative is particularly timely given the ongoing challenges faced by low- to moderate-income families in securing stable housing within the borough.
In conclusion, the construction of 2868 Webster Avenue represents both an immediate need for affordable housing and a long-term investment in the socioeconomic fabric of the Bronx, with implications for community development that extend beyond real estate alone.
