The first phase of the two-phase, mixed-use project located at 2856 Webster Avenue delivers 188 units of affordable senior housing, 12,000 square feet of grocery retail space and on-site community social services
The Bronx, NY – July 24, 2023 – Today, Douglaston Development announced the commencement of move-ins at 2856 Webster Avenue, a 12-story, 188-unit affordable senior housing building located adjacent to The New York Botanical Garden’s (NYBG) 250-acre grounds and available to residents earning up to 50 percent of the Area Median Income (AMI).
On-site social services for residents are being provided by Fordham Bedford Community Services. In addition, the building features 12,000-square-feet of ground floor retail space, leased to Cherry Valley Marketplace, a longstanding neighborhood grocery staple.
“We’re thrilled to begin welcoming residents to 2856 Webster Avenue, providing much-needed senior affordable housing to the Bronx community,” said Jeffrey E. Levine, Founder and Chairman of Douglaston Development. “We are proud of the work completed alongside our project and community partners to bring this initial phase to fruition and look forward to continuing to work together throughout Phase II of the project.”
Phase II of the two-phase project, located at 2868 Webster Avenue, will deliver approximately 277 affordable rental units for families with an additional 8,000 square feet of additional ground floor grocer space.
Douglaston entered a 99-year lease with NYBG in 2020 after the Botanical Garden selected the New York developer through a competitive request for proposals process. Stephen B. Jacobs Group is the project architect, and Levine Builders, the general contracting and construction management affiliate of Douglaston Development, leads the project’s construction efforts.
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About Douglaston Development
Douglaston Development is a New York City-based real estate development company, specializing in a wide range of projects from mixed-use developments, high-rise luxury rentals and condominiums, affordable and mixed and low-income housing, hospitality, senior communities, and commercial spaces. Working in close collaboration with its affiliate construction and management companies, Levine Builders and Clinton Management, Douglaston Development has the advantage of being one of the few owner-builder-managers in the industry with expertise in successful acquisition, ground-up construction, and management of properties post-development. Over the past 40 years, the company has expanded its portfolio to include properties located in New York, Arizona, Washington, and the United Kingdom.
For more information, please visit: www.douglastondevelopment.com
About Levine Builders
Levine Builders is a New York City-based general contracting and construction management firm at the forefront of affordable housing, market-rate rentals and condominiums, senior living, as well as mixed-income, mixed-use, hospitality and commercial projects. For over 40 years, Levine Builders has worked in tandem with its affiliates, Douglaston Development and Clinton Management, to complete over $2 billion in construction management and contracting services, 12.5 million square feet of construction and 7,000 units of hospitality, market-rate, and affordable housing units.
For more information, please visit: www.levinebuilders.com.
