Rezoning project could bring new affordable housing to BXPosted: Updated:
A large-scale private rezoning project could bring new affordable housing to the West Farms neighborhood of The Bronx.
Signature Urban Properties head Gifford Miller says they want to turn the impound lot on Boone Avenue into 10 high-rise buildings that would fit 1,300 apartments and stores.
The area is currently zoned for light industry, but the rezoning proposal will start the public review process sometime next month. The City Council, local community board and Bronx Borough President Ruben Diaz, Jr. will examine the plan and could approve it as early as next year.
The project is expected to cost around $400 million and take between five and seven years to complete.