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New York & Tri-State  + Uptown/Bronx  + Apartments  |  June 22, 2026
Paul Bubny
By: Paul Bubny

Gilbane-Led Development Team Reaches Financial Close on Phase I of Bronx Affordable Complex

Gilbane, in partnership with Strada Development LLC and the Center for Urban Community Services, has reached financial close for 1920 Turnbull, a $170-million-plus affordable and supportive housing development located at 1920 Turnbull Ave. in the Castle Hill/Soundview neighborhood of the Bronx.  Located at 1931 Lafayette Ave., 1920 Turnbull will deliver a 22‑story building with 228 affordable rental apartments, including 137 permanent supportive housing units for formerly homeless individuals and families. 

The development team includes Gilbane Development as lead development partner, Strada Development LLC as co‑developer, and CUCS as co‑developer and service provider. Gilbane Building will serve as general contractor, with Magnusson Architecture and Planning as architect and AKRF as civil engineer. 

1920 Turnbull is the first of two planned buildings, with Phase 2 set to add 207 additional affordable apartments, including 15% designated as permanent supportive housing. Phase 2 is expected to close within the next year pending city approvals.

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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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  • ◦Development
  • ◦Financing