{"id":999702,"date":"2026-08-14T06:09:43","date_gmt":"2026-08-14T06:09:43","guid":{"rendered":"https:\/\/www.europesays.com\/us\/999702\/"},"modified":"2026-08-14T06:09:43","modified_gmt":"2026-08-14T06:09:43","slug":"heights-advisors-files-plans-to-build-606-affordable-units-in-the-bronx-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/999702\/","title":{"rendered":"Heights Advisors Files Plans to Build 606 Affordable Units in the Bronx \u2013 Commercial Observer"},"content":{"rendered":"

Heights Advisors<\/a><\/b>, a Brooklyn-based development and investment firm led by founder and president Rachel Foster<\/strong>, is planning to bring 606 affordable housing units to the Bronx\u2019s Soundview neighborhood.\u00a0<\/p>\n

The firm filed a land use application<\/a> Wednesday with the New York City Department of City Planning <\/b>requesting a zoning amendment and a special permit to build a 21-story mixed-use building with 606 units at 945 White Plains Road<\/b>. The filing initiates a Uniform Land Use Review Procedure (ULURP), which typically takes about seven months of public review of the proposed zoning changes, and includes formal hearings before a final vote by the City Council and City Planning Commission.\u00a0<\/p>\n

SEE ALSO: Podcast: How Landlords Can Solve the Tenant Visibility Problem \u2013 Sytes\u2019 Rafael Weiss<\/a><\/p>\n

If approved, Heights Advisors\u2019 proposed project would span 515,063 square feet and include 503,095 square feet of residential space and 11,968 square feet of commercial space, the application notes.\u00a0<\/p>\n

The Brooklyn developer is seeking construction financing under the New York City Department of Housing Preservation and Development<\/b>\u2019s New Construction Finance Program, which provides funding for the construction of 100 percent affordable multifamily rental projects, according to the filing. Of Heights Advisors\u2019 606 planned units, approximately 152 are set to be affordable.<\/p>\n

It\u2019s unclear whether Heights Advisors, which is the ground lessee of 945 White Plains Road on a 99-year ground lease, plans to demolish the current retail property on the site, which is home to a Modell\u2019s Sporting Goods<\/b> and GameStop<\/b>.<\/p>\n

Heights Advisors did not immediately respond to Commercial Observer\u2019s request for comment.\u00a0<\/p>\n

Other residential developments planned for the Bronx include a 228-unit affordable senior housing development<\/a> at 3728 Park Avenue<\/b>, as well as a pair of 99-unit residential buildings<\/a> at 761-769 East Tremont Avenue<\/b>.\u00a0<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Heights Advisors, a Brooklyn-based development and investment firm led by founder and president Rachel Foster, is planning to…\n","protected":false},"author":3,"featured_media":999703,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[5229,4282,9886,400382,405,403,350756,212777,5226,5225,5228,5227,400383,67,586,132,5230,68,2969],"class_list":["post-999702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-america","tag-channel","tag-construction","tag-development-945-white-plains-road","tag-new-york","tag-new-york-city","tag-new-york-city-department-of-city-planning","tag-new-york-city-department-of-housing-preservation-and-development","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-rachel-foster","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117092376189249558","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/999702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=999702"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/999702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/999703"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=999702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=999702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=999702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}