Brooklyn-based Heights Advisors has filed a land use application to build 606 mixed-income apartments in the Soundview section of the Bronx. The 21-story, 515,000-quare-foot mixed-use building at 945 White Plains Rd. would rise on a site currently occupied by a low-rise retail building housing Modell’s Sporting Goods and GameStop.
The application launches New York City’s mandatory Uniform Land Use Review Procedure, entailing public review before the project can move forward. Heights Advisors is reportedly seeking financing through the Department of Housing Preservation & Development’s New Construction Finance program, which is geared toward 100% affordable developments. The project is being positioned as a large multifamily development with a significant affordable housing component…