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Douglaston Launches Construction on Second Phase of Bronx Affordable
Douglaston Development and its general contracting and construction management affiliate, Levine Builders, commenced construction on 2868 Webster Ave. in the Bronx, a 12-story, 277-unit affordable multifamily development located adjacent to the New York Botanical Garden’s 250-acre grounds, the second phase of the two-phase mixed-use development.
Demolition of the site’s existing building was complete last month after the existing tenant, Cherry Valley marketplace, moved into its newly built space in the adjacent phase one building. Construction of the new building is slated to be complete in 2027.
“We are honored to deliver additional much-needed affordable housing for families to benefit the Bronx community,” said Jed Resnick, CEO of Douglaston Development. “We are very proud of the work completed within Phase I alongside our project and community partners and look forward to continuing that collaboration as we advance and bring Phase II to fruition.”
2868 Webster Ave. will join 2850 Webster Ave., a 188-unit affordable senior housing development completed in 2023.
- ◦Development

