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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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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