"The application describes a 124-foot-tall, 12-story concrete structure that would span roughly 138,778 square feet in total, with about 57,590 square feet set aside for housing and 81,187 square feet for community facility use."
"Public records and real-estate reports show that Vertical Community Development recorded a purchase of the Furman Avenue property in 2024 for about $10.5 million."
"The block was rezoned in 2022 through the city's ULURP process, which changed the zoning map designation from M1-1 to R7D/C2-4 and established the area as a Mandatory Inclusionary Housing zone."
A 12-story mixed-use building is proposed for 4541 Furman Avenue in the Bronx, replacing a single-story warehouse. The development will include over 200 residential units and a community facility. The building will be 124 feet tall, covering approximately 138,778 square feet, with 57,590 square feet for housing and 81,187 square feet for community use. The property was purchased for about $10.5 million in 2024. The area was rezoned in 2022 to allow for this development, which is part of a Mandatory Inclusionary Housing zone.
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