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New York & Tri-State  + Uptown/Bronx  + Apartments  | 
RXR Realty 2413 Third Ave. Mott Haven Bronx groundbreaking

RXR Breaks Ground on Inaugural South Bronx Development

RXR Realty broke ground Wednesday on its inaugural South Bronx development, a future residential building located at 2413 Third Ave. Situated next to the Third Avenue Bridge and convenient to the 6 train, the 27-story, 200-unit tower wis slated for completion in 2023.  

This summer, RXR and Bank of America closed on a $75.2- million construction loan to fund the development of 2413 Third. The transaction was driven by RXR’s development track record, and the rare opportunity to develop within a prime waterfront neighborhood with generous park and green space.  

“As the South Bronx’s population grows, RXR welcomes the opportunity to meet this demand and provide accessible, smartly designed and amenitized homes,” said Joanne Minieri, Senior EVP, COO of development and construction, RXR. “RXR is fully committed to working in partnership with the community to increase local hiring and activate the neighborhood through direct investment.” 

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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 13-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 15-20 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).

  • ◦Development