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Permits & development · Deals & development · 10/30/2026

Fordham Landing developers seek zoning change for first phase in Bronx

Dynamic Star LLC is seeking a commercial overlay through ULURP for Fordham Landing South, on the Harlem River. The phase would add 927 affordable units plus a supermarket, café, community space and a Metro-North entrance. The housing is already allowed as-of-right. Bronx Community Board 7 is expected to vote late this year.

Reported by Bronx TimesRead the original ↗

Photo: Bronx Times

What happened

Dynamic Star LLC, the developer behind the long-delayed Fordham Landing project on the Harlem River in the Bronx, is seeking a zoning change for the project's first phase, Fordham Landing South. The Bronx Times reported this on 10/30/2026. The developer calls the change "relatively minor." It would add a commercial overlay to a district now zoned for residential use. The application is going through the city's Uniform Land Use Review Procedure (ULURP).

Fordham Landing South would have one 33-story building and three 18-story towers on a shared podium, with a total of 927 affordable housing units. A portion would be supportive housing. Plans also include a community supermarket, a waterfront café, leasable community space, an entrance to the University Heights Metro-North station, and three-quarters of an acre of public open space under the city's waterfront zoning rules. The housing can already be built as-of-right. The zoning change would allow the added amenities.

Representatives from Dynamic Star, Perkins Eastman, Urban Builders Collaborative and Lettire Construction presented the plan at a Bronx Community Board 7 public hearing. Fewer than 10 people attended in person, and others listened on Zoom. One member of the public raised concerns about the units' AMI levels and the project's environmental impact. The board is expected to cast an advisory vote late in 11/2026. The ULURP process is expected to continue for several more months after that.

Dynamic Star bought the site in 2019. The project has been described as a $2 billion development. It received $55 million from Empire State Development for the South phase. Dynamic Star's Director of Planning, Penny Lee, blamed delays on the pandemic. The Bronx Times, citing The Real Deal, reported that Cremac Asset Management alleged the developers defaulted on a $55 million loan and an $18.9 million loan. Dynamic Star filed for bankruptcy to halt foreclosure and filed again earlier in 2026. Lee said the earliest closing would be in 06/2027, with 30 to 36 months of construction. Under that timeline the project would not be finished before 2030.

Key facts

Developer
Dynamic Star LLC
Location
Harlem River waterfront, south of the University Heights Bridge, Bronx Community Board 7
Units
927 affordable units, a portion supportive housing
Buildings
One 33-story building and three 18-story towers on a shared podium
Cost
$2 billion project; $55 million from Empire State Development for the South phase
Zoning request
Commercial overlay on a residential district, through ULURP
Community board vote
Advisory vote expected late in 11/2026
Timeline
Earliest closing 06/2027; construction 30 to 36 months; not complete before 2030

What it means

Tenants and voucher holders

No apartments here are expected before 2030, and there is no construction start date yet. The material does not give rents or income limits, so it is too early to plan around this project.

Caseworkers

The project includes supportive housing, but the material gives no unit count, eligibility rules or referral process for it. It is not a near-term placement option for clients.

Landlords

For Bronx owners near University Heights, the project remains on paper, with financial and legal problems including two bankruptcy filings. Any effect on the local market is years away and uncertain.

The highlights

  1. Fordham Landing South plans 927 affordable units, including supportive housing.
  2. Dynamic Star filed for bankruptcy twice after lender default claims.
  3. Earliest closing is 2027, with completion not expected before 2030.

Why it matters

Hundreds of affordable and supportive units are planned, but bankruptcy filings and ULURP review mean they are years away.

What to do: Follow the Community Board 7 vote on the Fordham Landing South application.

Not known yet

  • What AMI levels and rents the 927 units will have
  • How many units will be supportive housing and who will refer tenants
  • Whether the developer's bankruptcy and loan disputes will affect the timeline
  • How tenants will apply, such as through a housing lottery

Background

ULURP is the city's public review process for land use changes such as rezonings. An application normally goes first to the local community board and then to the borough president. Both give advisory recommendations. It then goes to the City Planning Commission and, in many cases, the City Council, which make the binding decisions. New affordable units built with city subsidies are usually rented through the NYC Housing Connect lottery, which lists income limits and rents for each unit type when applications open.

Summary written by Bulwark from Bronx Times’s reporting. The original story is at bxtimes.com. This is general information, not legal advice.

Brooklyn, NY

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Photo: Andre Carrotflower, CC BY-SA 4.0
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