PACT Bronx Revitalization Collective
Address: Baychester/Eastchester Section of the Bronx, New York
Units: 951 Units, 6 Buildings
Development Partners: Beacon Communities, Mid-Bronx Desperadoes
Closing Date: September 2024
Construction Completion: Anticipated 2027
Total Development Cost: $419.6M
Co-developers Kalel Companies and Beacon Communities, together with nonprofit partner Mid-Bronx Desperadoes, are leading the acquisition and substantial rehabilitation of 951 residential units situated across 6 buildings in the Baychester/Eastchester sections of the Bronx, NY. Improvements are scheduled to be completed with tenants “in place,” except accessibility retrofits, and include roof and window replacements, mechanical and replacements, exterior façade repairs, new common areas, elevator replacements, 100% rehabilitation of apartment kitchens and bathrooms, and painting of all units. Financing sources include a permanent loan from Freddie Mac and Historic Tax Credit equity.
