
PUBLISHED
BY MOSHOLU
PRESERVATION
CORPORATION
| Vol.
17, No. 15 |
July
15- 28, 2004 |



Fordham Hill to Develop New Housing
at Old DMV Site
By MIRANDA KAPLAN
Within the next couple of
weeks, the Fordham Hill Owners Corporation (FHOC) will name a contractor to
the task of renovating the vacant office building across the street from the
co-op complex on West Fordham Road and Sedgwick Avenue. That choice will
come a year after the FHOC Board's initial decision to expand its
residential offerings by creating a block of upscale rental apartments in
the abandoned building -- a decision that came after nearly a decade
of deliberation and failed negotiations.
Redevelopment efforts for the building stalled after its lone tenant, a
Department of Motor Vehicles office, moved out eight years ago. The
Department of Education's vision for a new school in the 25,000-square-foot
facility fell through when FHOC Board members failed to reach an agreement
with the city.
Those involved in the project are pleased with the new plan's progress, and
more than a little relieved.
"I think it's great for not only Fordham Hill, but for the surrounding
community," said property manager Everton Moore, who has worked for the
redevelopment for the past two years. "Whenever you have an abandoned
building in any community, it has a negative impact overall. We're
definitely excited about it."
The building is currently undergoing internal demolition. By the middle of
next year, FHOC plans to begin renting out approximately 30 new units. The
apartments, the board hopes, will eliminate a public eyesore, generate
revenue for the corporation and alleviate a scarcity of housing in the area.
"When you look at the demographics, and you look at the supply of
apartments available, there's definitely a shortage of affordable housing
throughout the city," Moore said.
Elizabeth Tillman, Board president since 2000, agrees. Though the members
considered commercial prospects, she said, "there was a greater need
for residential living space . . . and we want to do our share for making
the quality of life better for our surrounding neighbors."
While she referred to the rentals as "luxury apartments," Tillman
maintains that they will be affordably priced for middle-class tenants. FHOC
has yet to determine what that will entail.
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