Chetrit Group & Somerset to Build 7 Towers on South Bronx Waterfront
The Jewish Voice
By Kim Sanchez
In 2015, Chetrit Partners and Somerset had announced plans to undergo a development project in the South Bronx between 2401 Third Avenue and 101 Lincoln Avenue. The mixed residential and commercial complex will contain 1,300 units on the Mott Haven waterfront.
There will be seven buildings in total, each of which will be 25 stories tall. There has been a one year lag in the development of the area due to the Developers decision to change the plan to include only two towers that would cost between $300- $400 million. Chetrit and Somerset have since had a change of heart and have decided to revert to the original model, which will include 430 rentals, 164 of which will be studio apartments, 96 of which will be one bedrooms, 133 two-bedrooms, 416,446 square feet of residential space, a 175-car garage and 4,200 square feet of communal space.
The development will contain a deck with an esplanade, a pet care room, lounge, a “quiet room”, gym, event room, bike storage and a pool.
