$225 Million Riverside Boulevard Apartment Phase II Residential Project Breaks Ground in New York, USA
2026-04-04 15:48
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en.Wedoany.com Reported - New York State, USA, recently announced the official groundbreaking of the Riverside Boulevard Residential Phase II project in the Bronx. With a total investment of $225 million, the project will provide 292 rental units upon completion, including 173 supportive apartments for low-income and special-needs populations.
This project is part of New York State's $25 billion five-year housing plan, which aims to create and preserve 100,000 affordable homes. Targeting households earning no more than 80% of the Area Median Income, it will offer studio, one-bedroom, two-bedroom, and three-bedroom units, all designed to universal accessibility standards.
The project will include 21 dedicated accessible units: 15 for individuals with mobility impairments and 6 for those with sensory impairments. Community amenities include green spaces, a rooftop farm, a children's play area, and fitness facilities, with convenient access to public transportation and healthcare services.
The project is being developed jointly by Community Access and Blue Sky Bronx, under the framework of the New York State Homes and Community Renewal agency. Phase I, with a total investment of $120 million, delivered 245 affordable homes, including 148 supportive units. Phase II continues the public-private partnership model, focusing on serving disabled veterans, individuals with mental illness, and the homeless population, aiming to alleviate regional housing supply pressures.
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