Treetop Development, www.treetopdev.com,  has recently filed plans to begin construction on two new rental apartment buildings located at the intersection of Gerard Avenue and East 144th Street, in the quickly evolving Mott Haven area of the Bronx. The developer has named BOND New York, www.bondnewyork.com, a full-service brokerage with five Manhattan locations, as the exclusive marketing and onsite leasing agent of this project. 

In the first phase of construction, 414 Gerard Avenue will house 116 residential units in its 11 floors, while the building at 445 Gerard (across 144th Street) will house 298 residential units in its 14 floors.  Together the buildings will offer over 58,000 square feet of automated indoor parking and over 20,000 square feet of amenity space for residents. 

The project is being designed by Woods Bagot, who are committed to maintaining the visual warehouse profile of the immediate neighborhood, while adding modern elements such as glass-enclosed upper floors, including penthouses which appear to float above the buildings.

Leasing is anticipated to begin in early 2020.

414 Gerard is composed of:                                                                 

·         34 Studios, ranging from  423-500 square feet                                                            

·         66 1 Bedrooms , ranging from  600-812 square feet                                                   

·         16 2 Bedrooms,  ranging from 998 – 1200 square feet

·         4200 square feet of retail space

445 Gerard is composed of:

·         100 Studios, ranging from 430-500 square feet

·         156 1 Bedrooms,  ranging from 556 – 816 square feet

·         42 2 Bedrooms , ranging from 816 – 1202 square feet              

·         20,000 square feet  to house a fresh food market

While final pricing has not been determined of market-rate units, the buildings will include an affordable component between 20-30% of the total units.   

Building Amenities include:  

·         24-Hour Doorman

·         Resident Media Lounge

·         Co-Working Facilities & Private Meeting Rooms

·         Creative Production and Entertainment Facilities, including Photo/Video/Music production suite and Dance and Performance Studio

·         2 Fully Equipped Fitness Centers

·         Yoga and Wellness Studio

·         2 Landscaped Roof Decks

·         Exhibition Kitchen, Outdoor Grills, Indoor and Outdoor Dining Areas

·         Community Garden
Outdoor Pet Run and Pet Spa

·         Bicycle Storage

·         Laundry

Apartments will include:

·         Top of Line, Fully Equipped Kitchens and Baths

·         Washer-Dryers in Many Units

The project represents one of the larger developments among a wave of newly developed rental properties in the South Bronx, and the only property slated to include a major grocery store.  Recent projections show more than 2500 market rate units as well as more than 3500 affordable units are scheduled to be completed in the area in the coming two years. 

“This project will change the profile of the South Bronx by offering Manhattan-style luxury construction at Bronx prices, with a sincere intent to include neighbors who have lived in the area for years along with newcomers who will be drawn to this exciting, emerging neighborhood destination,” explains Douglas Wagner, director of brokerage services, BOND New York.

Azi Mandel, managing member of Treetop Development, commented, “We intend for the property to appeal to the creative and middle classes of New Yorkers, who may be priced out of Manhattan, but appreciate a high level of design and programming within their apartment building at a more attainable price point.” 

“The project will also attract area renters who may wish to upgrade from their current homes,” adds Wagner.

“The amenities for the project are focused on creativity, health, art, music, dance and a freelance work culture, with co-working spaces, private meeting rooms, music and dance studios to complement the fitness centers, roof decks and media lounges,” explains Mandel. “We hope to collaborate with local community artists and creative leaders to host events and influence programming within the building to celebrate and integrate local Bronx culture.”

For more information contact Douglas Wagner, BOND New York 212-582-2009 x 4170.

About BOND New York:

Founded in 2000, BOND New York has evolved into a sales force of over 600 personnel in five state-of-the-art Manhattan office, making it Manhattan’s largest independently-owned firm.  As a full service agency BOND New York covers all New York neighborhoods for residential sales and leasing, commercial sales and leasing, new development marketing and corporate relocation. 

About Treetop Development:

Led by Principals Azi Mandel and Adam Mermelstein, Treetop Development, LLC is a multi-faceted real estate firm with a focus on renovating and developing market-rate multifamily housing in key urban centers throughout the greater New York City area. Treetop continues to expand by purchasing value-added properties, completing significant capital improvements and releasing select holding with high profit margins. Treetop also invests in HUD apartment complexes through its affiliate The Aspen Companies.