Arthur Avenue Senior Housing
The Bronx (Belmont / Crotona)
Over 12,000 sf of amenity space including landscaped terraces with gardening boxes, teaching kitchen, exercise room, arts and crafts room, library, recreation / game room, indoor greenhouse, and a green wall at the entrance.
YEAR COMPLETED:
2021
PARTNERS:
Riverspring Living
TOTAL DEVELOPMENT COST:
$91 MM
GROSS SQUARE FOOTAGE:
130,625 gsf
UNIT COUNT/MIX:
177 Supportive Senior Units
FINANCING PROGRAM:
HPD SARA
ARCHITECT:
SLCE Architects
GENERAL CONTRACTOR:
Lendlease Construction
FINANCE TEAM:
JP Morgan Chase Bank, NYS HFA, NYS HCR, NYC HPD, Boston Financial Financial Management
OPERATING SUBSIDIES:
Project-Based Section 8 (HPD); NYS ESSHI