Bronx Pro Group (BPG) and Precise Management formed a joint venture to substantially renovate 6 buildings located in Harlem that upon completion of the renovation will contain 125 units. An affiliate of BPG will be the managing member of the joint venture through the 15-year tax credit compliance period. Three of the buildings were owned by The New York City Housing Preservation and Development (“HPD”) and two of the buildings were owned by the non-profit Neighborhood Restore. During construction the tenants were relocated within the portfolio and will return to either their existing units or new units upon construction completion. The project is expected to reach completion by early Fall 2020.

Melrose North

Located at 341 E162st in the Melrose section of the Bronx, the site consists of 171 units, 103 of which are supportive housing set aside for formerly homeless individuals with mental health or substance abuse issues, as well as individuals and families who have been victims of domestic violence. In addition, Melrose North is designed and constructed to a Passive House standard to significantly reduce the development's environmental impact as well as ensure the project’s long-term financial stability. S:US’s social service offices will be housed on the ground-floor along the Courtlandt Avenue (east) side of the building. In addition, Melrose North features 5,164 SF of community facility space on the 162nd Street side of the building as a youth arts education facility operated by the DreamYard Project. Here, Bronx youth learn professional development, design, and marketing for the burgeoning gaming industry.

Starhill

Services for the UnderServed Inc. (S:US) and Bronx Pro Group are partnering on an exciting redevelopment of an underutilized site located at 1600 Macombs Road (BBL 2865/134) in the Morris Heights section of the Bronx. The site is approximately 2 acres (65,000 feet) and it is occupied by a former hospital operated by S:US as a residential treatment center. The proposed development utilizes the new R8-A zoning allowed by the Jerome Corridor Rezoning to create a mixed use and mixed income campus to be developed in two phases. The first phase will be approximately 253,00sf with 316 units of supportive (60%) and affordable housing. Phase II of the development will be 222,000 sf with 244 units of supportive (30%) and affordable housing and approximately 4,400 sf of community facility. The campus will also include 11,500 sf of publicly accessible open space, a rear yard and a passive recreation area for residents located on the second-floor terrace. Phase I and II will share amenities spaces and social service offices to maximize the project’s efficiency. Total development cost is estimated to be $300 million, $160 million for Phase I and $140 million for Phase II.