New $300-million housing project coming to Bronx

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Gilbane Development Company, along with Hudson Companies and Mutual Housing Association of New York, was selected by New York City Economic Development Corporation and Department of Housing Preservation and Development to transform the former Spofford Juvenile Detention Center in the Bronx’s Hunts Point community into a 5-acre campus featuring affordable housing and recreational space.

The $300 million project will create 740 units of affordable housing; 52,000 sq. ft. of publicly accessible open space; 50,000 sq. ft. of light industrial space; 53,500 sq. ft. of community facility space; and 15,000 sq. ft. of commercial space.

Called The Peninsula, the project’s development will occur in three phases. The first phase is expected to be completed in 2021, the second phase in 2022, and the third phase in 2024.

The Peninsula is comprised of a five building that will provide 100% affordable housing for a diverse range of New Yorkers; from students to seniors to families. The expansive campus includes a mix of commercial and industrial businesses that will anchor The Peninsula, as well as a health and wellness center and educational and job training programs.

The project is expected to create 177 permanent jobs and more than 1,600 temporary construction jobs.

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