Ex-Hudson Companies exec plans Bronx affordable housing


2065 Walton Avenue in the Bronx

Developer Alan Bell, formerly a principal with Hudson Companies, and supportive-housing builder Jericho Project have teamed up to construct a 10-story affordable-housing building in the West Bronx.

The property at 2065 Walton Avenue, near East Burnside Avenue, is set to hold 92 apartments. Bell and Jericho paid $1.15 million for the site in November 2013.

Michael Gelfand’s MHG Architects was hired to design the site, which is slated for completion by 2016. About 60 percent of the units are intended for homeless veterans, and 40 percent are designated for homeless people ages 18 through 25. NY YIMBYMark Maurer

SOURCE: The Real Deal New York – Read entire story here.