Garden Towers

The Bronx (Morrisania)

Over 4,000 sf of amenity space in an all-electric complex built to passive house standards. The project includes two towers interconnected by a glass-enclosed greenhouse, with green walls in each lobby and a solar array on each roof.

YEAR COMPLETED:
2023

PARTNERS:
JLD Advisory, HANAC

TOTAL DEVELOPMENT COST:
$93 MM

GROSS SQUARE FOOTAGE:
108,043 gsf

UNIT COUNT/MIX:
150 Supportive Senior Units

FINANCING PROGRAM:
HPD SARA

ARCHITECT:
Newman Design

GENERAL CONTRACTOR:
Lendlease Construction

FINANCE TEAM:
JP Morgan Chase Bank, NYS HFA, NYS GOSR, NYC HPD, Boston Financial Investment Management

OPERATING SUBSIDIES:
Project-Based Section 8 (HPD); NYC HRA SARA Tenant Services