The Office of Bronx President Ruben Diaz Jr. 2009-2016 Annual Development Report

March 2017 • Investment: $3,270,984,793 • Highest annual investment in 2009-2016 • 37% higher than last year’s $2,385,476,138

• Square Footage: 14,204,253 square feet • Highest from 2009-2016, 41% more than last year’s 10,066,460

• Residential Units: 5,234 • Unsubsidized: 1,411 units • 27% of 5,234 units were developed by private developers. • Subsidized: 3,823 units • 73% of 5,234 units were publicly funded. Highest from 2009-2016, 119% more than 2015’s figure of 2,385

• Investment by land use: • Residential: $1.7 Billion was invested, representing 52% of total investment • Commercial: $1.3 Billion was invested, representing 41% of total investment • Institutional: $228 Million was invested, representing 7% of total investment

Data and graphs represented in this report are from house number application records of Borough President’s Office. • Investment: $12,764,686,465 • Annual Average: $1.59 Billion

• Square Footage: 68,551,954 square feet

• Residential Units: 29,058 • Unsubsidized: 12,200 units have been developed by private developers • 45% of total residential units • Subsidized: 16,858 units have been developed with government funding • 55% of total residential units

• Investment by Land Use: • Residential: $7.5 Billion have been invested • 60% of total investment • Commercial: $2.6 Billion have been invested • 21% of total investment • Institutional: $2.4 Billion have been invested • 19% of total investment

Data and graphs represented in this report are from house number application records of The Bronx Borough President’s Office. Institutional Notable Developments  P.S. 14 Expansion  P.S. 19 & Horace Mann School Building Additions 5%  New School – South Bronx Classical Charter School  Montefiore Hospital

Residential Notable 30% Developments  37 One-Family Houses  72 Two-Family Houses  16 Three-Family Houses 65% Commercial Notable  111 Multi-family Buildings  3 Supportive Housing Developments Buildings   York Studios  3 New Hotels  2568 Park Avenue  3466 Webster Avenue  1996 Webster Avenue

Total Addresses Issued in 2016: 365 $228,509,418

Residential Commercial $1,338,630,681 $1,703,844,695 Institutional

Total Investment in 2016: $3,270,984,7934 2,344,813 - 16%

Residential

7,229,561 - 51% Commercial Institutional 4,629,879 - 33%

Total Square Footage of Development in 2016: 14,204,253 2016 i

$350,000,000 2015 ii iii

$349,120,250 $417,900,000 2014 iv $275,000,000 2013

2012 v vi

$300,000,000 2011 $348,000,000

2010

2009 vii $550,000,000

$0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000 $3,000,000,000 $3,500,000,000

i ii iii iv v vi vii

Kingsbridge Somerset & La Central Building Bronx County Macy’s at Bay Bronx Psychiatric PSAC II National Ice Chetrit A, B, D & E Hall of Justice Plaza Center Center Redevelopment $350,000,000.00 $349,120,250 $417,900,000 $275,000,000 $300,000,000 $348,766,000 $550,000,000

Total Investment in The Bronx 2009 – 2016: $12,656,460,931 Total Investment 2009-2016 $2,500,000,000.00 Residential: $5,780,184,964 Commercial: $1,309,063,013 $2,000,000,000.00 Institutional: $2,404,453,695 $1,500,000,000.00

$1,000,000,000.00

$500,000,000.00

$0.00 2009 2010 2011 2012 2013 2014 2015 2016

Residential Commercial Institutional

2009 2010 2011 2012 2013 2014 2015 2016

Residential $910,072,282 $281,429,767 $545,510,314 $644,904,939 $604,509,502 $714,607,806 $2,079,150,354 $1,703,844,694

Commercial $118,630,000 $27,619,660 $131,537,510 $612,187,739 $121,259,567 $128,124,353 $169,704,184 $1,338,630,681

Institutional $738,624,228 $275,803,447 $176,509,446 $455,565,550 $171,612,524 $449,716,900 $136,621,600 $228,509,418 $1,000,000,000 Community Investment District $900,000,000 CD 1 $263,535,008 $800,000,000 CD 2 $139,213,671 $700,000,000 CD 3 $173,186,040 $600,000,000 CD 4 $132,868,000 $500,000,000 CD 5 $74,173,500 $400,000,000 CD 6 $381,362,865 $300,000,000 CD 7 $924,544,905 $200,000,000 CD 8 $78,573,220 $100,000,000 CD 9 $364,331,399 $0 CD 10 $91,957,848 CD 1 CD 2 CD 3 CD 4 CD 5 CD 6 CD 7 CD 8 CD 9 CD CD 11 CD CD 11 $152,860,132 10 12 CD 12 $46,653,205 Square Footage 4,000,000.00 Community Development District 3,500,000.00 CD 1 956,687

3,000,000.00 CD 2 558,124 CD 3 1,090,230 2,500,000.00 CD 4 622,685

2,000,000.00 CD 5 412,323 CD 6 1,143,589 1,500,000.00 CD 7 3,713,884

1,000,000.00 CD 8 375,935 CD 9 1,559,723 500,000.00 CD 10 527,582

0.00 CD 11 955,108 CD 1 CD 2 CD 3 CD 4 CD 5 CD 6 CD 7 CD 8 CD 9 CD 10 CD 11 CD 12 CD 12 95,698.80 New Community 1000 Residential District Units 900

800 CD 1 702 CD 2 445 700 CD 3 757 600 CD 4 264 500 CD 5 398

400 CD 6 932 CD 7 653 300 CD 8 61 200 CD 9 191 100 CD 10 197

0 CD 11 795 CD 1 CD 2 CD 3 CD 4 CD 5 CD 6 CD 7 CD 8 CD 9 CD 10 CD 11 CD 12 CD 12 217 $2,500,000,000

$2,000,000,000

$1,500,000,000

$1,000,000,000

$500,000,000

$0 CD1 CD2 CD3 CD4 CD5 CD6 CD7 CD8 CD9 CD10 CD11 CD12 2016 $263,535 $139,213 $173,186 $132,868 $74,173, $381,362 $924,544 $78,573, $364,331 $91,957, $152,860 $46,653, 2009-2015 $2,227,4 $242,100 $946,930 $918,431 $409,562 $680,125 $650,888 $638,009 $561,632 $559,744 $1,196,3 $410,429

2009-2015 2016 12,000,000

10,000,000

8,000,000

6,000,000

4,000,000

2,000,000

0 CD1 CD2 CD3 CD4 CD5 CD6 CD7 CD8 CD9 CD10 CD11 CD12 2016 956,687.40 558,124 1,090,230 622,685 412,323 1,143,589. 3,713,884 375,935 1,559,723. 527,582 955,108 95,698.80 2009-2015 10,245,917 2,542,256 5,353,525 4,546,179 2,107,586 4,889,892 4,906,619 3,531,105 3,807,296 4,263,808 3,779,776 4,236,705

2009-2015 2016 7,000

6,000

5,000

4,000

3,000

2,000

1,000

0 CD1 CD2 CD3 CD4 CD5 CD6 CD7 CD8 CD9 CD10 CD11 CD12 2016 702 445 757 264 398 932 653 61 191 197 795 217 2009-2015 5,734 535 3,737 1,804 1,430 2,410 2,041 1,134 1,476 963 500 2,060

2009-2015 2016 New Subsidized Unsubsidized Units 7,000 2009 4,030 58% 42%

6,000 2010 1,245 51% 49%

5,000 2011 2,311 74% 26%

2012 2,732 53% 47% 4,000

2013 2,888 38% 62%

3,000 2014 3,644 32% 68%

2,000 2015 6,974 34% 66%

2016 5234 73% 27% 1,000

Subsidized Units: 14,446 0 2009 2010 2011 2012 2013 2014 2015 2016 Unsubsidized Units: 14,612 Total Number of New Units: Unsubsidized Subsidized 29,058 Addresses Assigned for New Buildings and Alterations

Residential 217

Commercial 52

Institutional 14 Project Developer Investment

1 Kingsbridge Economic $350,000,000 National Ice Center Development Corporation

2 Melrose Commons Phipps/ $140,000,000 (445 E. 162nd Street) Briarwood/CPC

3 St. Barnabas L&M Hospital $89,960,000 Development (4511 Third Avenue)

4 Radson East 147th Street $64,000,000 Development

5 York Studios (1410 York Studios $59,014,550 Story Avenue)

6 Horace Mann Horace Mann $55,000,000 School School

7 2865 Creston Project Renewal $49,900,000 Avenue

8 2980 Park Avenue Omni New York $48,000,000

9 L&M 4433 Third Avenue $46,675,000 Development

10 558 Grand Young Woo & $43,000,000 Concourse Associates Project Developer Investment

Phipps/ Melrose Commons 1 Briarwood/CP $140,000,000 (446 E.163rd Street) C

East 147th Street $64,000,000 2 Dan Rad

Project 2865 Creston Avenue $49,900,000 3 Renewal

Omni New 4 2980 Park Avenue $48,000,000 York

4433 Third Avenue L&M 5 $46,675,000 Development

Israel 6 4183 Third Avenue $42,732,000 Schwartz

Property 7 1000 Fox Street Resources $40,000,000 Corporation

Israel 8 1880 Bathgate Avenue $38,242,000 Schwartz

Community 9 2700 Jerome Avenue $36,000,000 Builders

Services for 1434 Undercliff 10 the $32,000,000 Avenue Underserved Project Developer Investment

New York Kingsbridge National Economic 1 $350,000,000 Ice Center Development Corporation

York Studios 2 York Studios $59,014,550 (1410 Story Avenue)

Young Woo 3 558 Grand Concourse $43,000,000 Bristol

4 567 East 149t Street Daniel Diehl $43,000,000

1070 Southern Urban Health 5 $43,000,000 Boulevard Plan Inc.

New York Economic 6 155 Food Center Drive $34,000,000 Development Corporation

7 1600 Randall Avenue Aurora Zepeda $22,000,000

8 346 Baychester Avenue Michael Stone $18,000,000

9 5 Westchester Avenue Thomas Casey $15,000,000

10 1750 Bathgate Avenue Mitch Newman $10,000,000 Project Developer Investment

1 Horace Mann School Gordon Jensen $55,000,000 (4652 Tibbett Avenue)

2 El Rio Residence Communilife Inc. $22,000,000 (4733 East 179th Street)

3 P.S. 14 SCA $15,000,000 (3047 Bruckner Blvd.)

4 South Bronx Classical Charter School Kiumarz Geula $14,000,000 (3458 Third Avenue)

5 P.S. 14 SCA $7,000,000 (3041 Bruckner Blvd.)

6 P.S. 19 SCA $3,000,000 (4318 Katonah Avenue)

7 Crotona Academy High School (1211 Southern Yechiel Landau $2,258,040 Blvd.)

8 Family Life Academy Scharter School III Tamela Steeris $1,645,008 (370 Gerard Avenue)

9 Melrose Commons Playground NYC Parks $1,500,000 (411 E. 159 St.)

10 Saw Mill Playground NYC Parks $1,500,000 (485 E. 139 St.) 1 Kingsbridge National Ice Center (10 West 195th Street) Land Use Event Center/Ice Sports Complex

Investment $350,000,000

Developer New York Economic Development Corporation 2 Melrose Commons ( 446 E. 163rd Street)

Land Use 303 Unit Mixed-Use Building

Investment $140,000,000

Developer Phipps/Briarwood/CPC 3 St. Barnabas Hospital (4511 Third Avenue)

Land Use 181 Unit Mixed-Use Building

Investment $89,960,000

Developer L & M Development 4 869 East 147th Street

Land Use 167 Unit Multi-family Building

Investment $64,000,000

Developer Radson Development 5 York Studios ( 1410 Story Avenue)

Land Use Film & Television Studio

Investment $59,014,550

Developer York Studios 6 Horace Mann School ( 4652 Tibbett Avenue)

Land Use School Building

Investment $55,000,000

Developer Gordon Jensen 7 2865 Creston Avenue

Land Use 122 Unit Supportive Housing Building

Investment $49,900,000

Developer Project Renewal 8 2980 Park Avenue

Land Use 154 Unit Multi-family Building

Investment $48,000,000

Developer Omni New York 9 4433 Third Avenue

Land Use 133 Unit Mixed-Use Building

Investment $46,675,000

Developer L & M Development 10 558 Grand Concourse

Land Use Commercial Building

Investment $43,000,000

Developer Young Woo & Associates

THE OFFICE OF THE BRONX BOROUGH PRESIDENT RUBEN DIAZ JR. 851 GRAND CONCOURSE, STE 301, BRONX, NY 10451 bronxboropres.nyc.gov