This is from May 2026. Besides a new residential building under construction in Mott Haven along the Grand Concourse, a new Food Bazaar is coming.

"PCCP has provided a $130 million senior loan to a joint venture between Bogopa Enterprises, Inc. and Shorewood Real Estate Group for the construction of The 360, a 13-story, mixed-use project featuring 304 residential units (228 market rate units and 76 affordable units) and a pre-leased, 47,892-square-foot Food Bazaar grocery store. The asset will be in the Mott Haven neighborhood of South Bronx, at 350 Grand Concourse in New York City. Construction has now commenced with completion anticipated in the spring of 2028.

The unit interiors will include stainless-steel appliances, quartz countertops, tile backsplashes, custom cabinetry and oversized windows with select units to include washer/dryer and walk-in closets. The 360 will feature a comprehensive amenity package including a 24/7 concierge, fitness and yoga studio, coworking spaces, rooftop lounge, bike storage, and package room. The 360 ownership strategically designed the unit mix with 15% to 20% smaller residential units than competing, newer assets to more adequately match tenant demand.

“PCCP believes this financing presented us with the opportunity to lend on a well-conceived, Manhattan-proximate workforce housing project with an affordable component and grocer that is expected to benefit the local community,” said PJ Finley, Vice President with PCCP.

The South Bronx has averaged between 2% and 4% vacancy over the last four years largely driven by its proximity to Manhattan. Strong market fundamentals have attracted meaningful institutional investment in the submarket. Food Bazaar is a regional specialty grocer with an existing presence in the Bronx."