Located in the Crotona Park East section of the Bronx, Compass Residences Phase 1 signals a renaissance of this formerly industrial area. This 270,000 GSF development, which began construction in January 2014, is the first phase of a more than 1,300 unit master-planned community by Monadnock Development and Signature Urban Properties. Compass Residences Phase 1 will have 237 apartments ranging for low- to moderate income families and along with formerly homeless households as well. Three retail spaces, a parking garage, and extensive public and private open space will also serve the residents of this catalytic new development.
Location: Bronx, NY
Type: New Construction Homeless, Low-, and Moderate Income
Total Development Cost: $82.0MM
Development Team: Monadnock Development, Signature Urban Properties
Investor: GTIS Partners
Architect: Dattner Architects