Phase two of The Peninsula; a two-building, $297 million mixed-use development that will bring 740 permanently affordable homes to the Hunts Point neighborhood of the Bronx recently celebrated its groundbreaking. The project is rising on site of the former Spofford Juvenile Detention Center on Tiffany Street and Spofford Avenue, which closed in 2011.
This phase consists of two mixed-income buildings, referred to as 2A & 2B, that will generate 359 apartments. The units are a mix of studios through four-bedroom apartments, with 73% of the units at or below 60% of area median income and 15% of the units set aside for households for the formerly homeless. The amenity package is slated to include a gym, in-building laundry, children’s playroom, tenant lounge space with access to outdoor terraces, common area and apartment Wi-Fi; and bicycle storage. The second phase will also include a 50,000-square-foot public open space plaza, a parking garage with 155 parking spaces, and 20,000 square feet of community facility space. The two buildings also have sustainable design elements that harvest rainwater, along with solar roof panels.
“The Peninsula is a transformative mixed-use development project aimed at creating affordable housing options while fostering community space and opportunities for residents in the Hunts Point neighborhood,” said Bronx Borough President Vanessa L. Gibson. “These 359 units represent more than just physical space, they symbolize hope and opportunity for those grappling with the challenges of finding suitable accommodations. These units will also contribute to the broader Hunts Point community by helping to stabilize the neighborhood and promote economic vitality.”
Phase one wrapped up in 2022 and included a two-story building with roughly 56,000 square feet of industrial space, a 14-story building with 183 units of low-income housing, a condo regime, and a community facility space with affordable rehearsal and studio space for artists in New York City. Construction completion for phase two is projected for summer of 2026 and phase three— the final stage— is expected to begin shortly after.
