New York City Celebrates Opening of Peninsula Phase Two, Delivering 359 Affordable Homes in the Bronx
New York City officials, along with Gilbane Development, The Hudson Companies, and MHANY, celebrated the ribbon-cutting for Phase Two of The Peninsula project in the Hunts Point neighborhood of the Bronx. This phase transforms the former Spofford Juvenile Detention Center site into a mixed-use community, adding 359 affordable apartments. These units range from studios to four-bedroom apartments, with 73% designated for households earning at or below 60% of the area median income (AMI), and 15% reserved for formerly homeless individuals. The development includes community facilities such as an early childhood center, fitness rooms, and resident lounges, alongside a 45,000-gross-square-foot landscaped public pedestrian plaza. This initiative is part of a larger three-phase redevelopment aiming to provide over 740 affordable homes, cultural spaces, and local businesses to the area.