Developer: 750 affordable housing units to be built near Yankee Stadium

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SOUTH BRONX -

Hundreds of new and affordable housing units are coming to the South Bronx.

Maddd Equities purchased a parking lot at 1184 River Ave. as well as a run-down storage site at 1159 River Ave. – both right up the street from Yankee Stadium. Their plan is to transform the spaces into 750 housing units with a big portion saved for low-income and supportive housing.

The 1184 River Ave. site will have two 17-story buildings with community and retail space. Maddd Equities partnered with the nonprofit Community Access for the housing units at 1159 River Ave.

The developer plans on closing on construction financing later this year.

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