A rendering of the redevelopedresidential condo project at 1049 Washington Ave. in theBronx.
NEW YORK CITY—Real estate development firm Hello Living hascompleted its second acquisition outside of its home borough ofBrooklyn with the purchase of a building in the Morrisania sectionof the Bronx.
The firm reports it has purchased 1049 Washington Ave. in theSouth Bronx that will be redeveloped into a 104-unit “Hello W”condominium building. The property, which is currently aone-story building, was purchased for $11.3 million. The totaldevelopment cost for the project is expected to be approximately$50 million.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
