2024 Spring Issue of Urban Land - 52

outstanding, " says Deborah Moelis, principal
and founding member of Handel Architects,
which designed the project. " You barely hear
[the train]. "
The development's 709 residential units
are split among three buildings. Phase 1 of the
development has already been completed and
has 361 units. Apartments at the project range
from studio to three-bedroom layouts, and
unit interiors have a focus on efficiency.
Homes are equipped with high-efficiency
HVAC systems, electric stoves and ovens,
Energy Star-rated appliances, and eco-friendly
LVT plank flooring. Sendero Verde features a
landscaped courtyard, a fitness room, and a
rooftop terrace. The development has space
for a K-5 charter school and several spaces
for the community, including a community
center for seniors and youth, and more than
11,000 square feet (1,022 sq m) of community
gardens. The second phase of the project is
underway and features a 34-story tower with
348 apartments.
Sendero Verde's first phase was financed
through construction loans from the New York
City Housing Development Corporation (HDC)
and the New York City Department of Housing
Preservation and Development (HPD). The
project got additional Resolution A funding
from the New York City Council and grant
funding from the New York State Energy
Research and Development Authority. Other
funding came via a letter of credit from Bank
of America, various federal low-income housing
tax credits, solar investment tax credits,
Bronx Point, developed by L+M
Development Partners, is a
530,000-square-foot (49,000
sq m) project that took shape
on an underused waterfront site
in the South Bronx that now
has 542 units of permanently
affordable housing.
and New York State Brownfield Tax Credits to
Goldman Sachs. " This project is now a demonstration
to us and the country of how Passive
House can work, " Moelis said.
3. Bronx Point
One of the most anticipated mixed-use developments
in the Bronx opened officially last
fall. Bronx Point is a 530,000-square-foot
(49,000 sq m) project that took shape on an
underused waterfront site in the South Bronx
that now has 542 units of permanently affordable
housing. Other amenities-a brand-new
public park and esplanade, retail space, and
an early-childhood space-will be run by a
nonprofit.
Like the La Central development and many
other affordable projects around the city, this
one came about through an RFP from the
city in 2016. In planning the project, developer
L+M Development Partners recognized
that the building's somewhat isolated location
meant that it needed to bring a lot to the
table. " There's no residential around there, so
basically we were [constructing] a standalone
building, " says Josue Sanchez, senior vice
president at L+M. " We wanted to put something
there that would be a magnet. "
The team elevated the site to guard against
flooding and other natural disasters and put
the building's electric room on the second
floor. As the land was a brownfield site, an
environmental cleanup was done.
The project has cogeneration equipment,
and amenities include a children's playroom, a
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PEIO ERRO TET A, S9 ARCHITE CTURE
2024 Spring Issue of Urban Land

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