Azimuth Development Group filed a rezoning application with the city to build a 358-unit, fully affordable tower in the Bronx, first reported by Crain's New York.
The project needs a zoning change before it can go to bid, which means the real construction opportunity here is still months to years out — but it's the kind of filing that tells you where the next wave of Bronx affordable-housing work is headed.
Rezonings like this one typically run through the city's Uniform Land Use Review Procedure (ULURP), a seven-month public review process involving the local community board, the borough president, the City Planning Commission, and the City Council. Any one of those stops can add conditions, delay a vote, or kill a project outright, so a filing is a long way from a shovel.
For contractors, the useful thing to track here is the all-affordable financing structure. Fully affordable projects in New York almost always route through HPD or HDC subsidy programs, which means prevailing wage and M/WBE subcontracting goals are close to certain once this reaches construction documents.
There's no GC, no bid date, and no construction budget attached to the filing yet. Firms that do affordable multifamily work in the Bronx should flag the site and the sponsor now, because the lead time between a ULURP filing and a bid package can still move fast once City Planning certifies an application.
Check the Department of City Planning's ULURP portal for the application once it's certified, and watch HPD's project pipeline for the eventual construction financing that will set the bid timeline.