The skyline of the South Bronx will be different after the construction of the Bankside Apartments is completed. Located on both sides of the Third Avenue Bridge, the first of seven buildings will be completed by the end of 2021.
As of today, the full price of the project will cost nearly $1 billion. Due in part to New York State’s Affordable New York program, 30% will be “income-generated”—or simply put, rented below market rates.
Why It’s Groundbreaking
In total, it will be seven different residential towers over the South Bronx’s first public waterfront part.
Looking outward, it overlooks the Hudson and East Rivers, including the World Financial Center area as well as Greenpoint Landing.
Looking inward, the project hopes that incorporating sustainable features will land them a LEED certification.
Bankside Park Features and Amenities
Since it broke ground in the autumn of 2019, Brookfield Properties has made public how expansive the amenities are. The 1,350-unit development includes a thoughtful layout and is geared towards retail and accessible public spaces. It is near bars and restaurants, art galleries, and public transport (the 4, 5, and 6 are nearby). Features include:
- 34,000sf of public waterfront parkland
- 15,000sf of retail
- 598 parking spaces
Bridging the Past and Present
Designed by Hill West Architects, the necklace of the towers and its facades will pay homage to the industrial past of the area. Glass, brick, rustic masonry, and dark metal elements are juxtaposed and provide an artistic and architectural feature.
For more information on this and other projects, visit our website.