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    Home»Real Estate Analysis»Kalel, Settlement Housing Fund Land South Bronx Project

    Kalel, Settlement Housing Fund Land South Bronx Project

    Team_WorldEstateUSABy Team_WorldEstateUSANovember 25, 2025No Comments2 Mins Read
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    A developer and a nonprofit are studying up on methods to replace a library right into a mixed-use complicated with greater than 100 rent-stabilized flats.

    Metropolis officers tapped Kalel Firms and nonprofit Settlement Housing Fund to redevelop the Grand Concourse Library within the Claremont part of the South Bronx, Crain’s reported. The location at 155 East 173rd Road will grow to be The Heartwood, full with 113 models atop the renovated library.

    The residences are all meant to be inexpensive, rent-stabilized models. A piece of these models will likely be reserved for these beforehand experiencing homelessness. Facilities will embody outside terraces, group rooms and a health middle.

    The library will span greater than 17,000 sq. toes and embody assembly rooms, examine areas and a number of technological choices. The New York Public Library is in search of funding to launch a short lived department all through the renovation.

    It’s anticipated to be licensed as an environmentally friendly Passive House, which might make it the primary department within the public library system to obtain that designation.

    There’s no estimated price for the mission obtainable. The timeline can also be murky, because the mission might want to undergo the land-use evaluation process.

    However it’s a part of a broader effort generally known as the Residing Libraries initiative, designed so as to add extra housing and companies to the library system. The New Utrecht Library in Bensonhurst is being focused for potential inexpensive housing additions.

    Settlement Housing Fund has expertise within the Bronx and a growth portfolio of greater than 8,900 models since its founding greater than 50 years in the past. The nonprofit was the agent for the entity proudly owning the Starrett Metropolis residence complicated when Rockpoint Group and Brooksville Companions took full management in 2021.

    Kalel Firms, which has preserved or redeveloped greater than 4,000 houses, just lately made waves when it partnered with the Masjid Abdul Muhsi Khalifah mosque on a mixed-use redevelopment of the latter’s house at 1166 Bedford Avenue in Bedford-Stuyvesant.

    The enterprise goals to raze the three-story property and exchange it with a 12-story, 94,000-square-foot constructing with 144 senior housing models.

    — Holden Walter-Warner

    Learn extra

    Rockpoint, Brooksville take full control of Starrett City in $1.8B deal


    1166 Bedford Avenue in Bed-Stuy and Kalel Companies’ Pierre Downing

    Developer partners with mosque on Bed-Stuy senior housing


    NY Public Library sells Fifth Avenue office space for $38M






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