The development, slated for a 2009 completion, is jointlysponsored by locally based Atlantic Development Group LLC andBoricua College, a liberal arts school with locations in Manhattanand Brooklyn.
With approximately 750 residential units, 50,000 sf of retailspace as well as a 14-story building that will house a new Bronxflagship location for Boricua College, the project will be part ofMayor Michael Bloomberg's 165,000-unit affordable housing plan.
According to the spokesperson for the project, the deal has beenin the works since 2005, and though construction costs and otherfinancial information have not yet been finalized, loose endsexpect to be complete by groundbreaking.
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