The Grand, in the South Bronx, developed by Thorobird Companies
NEW YORK CITY—Modular homes are sometimes referred to as “manufactured” instead of “constructed.” Now, New York City is funding a modular affordable housing project at 581 Grant Ave. in East New York, Brooklyn. The development will be one of the first in the state to use the method of stacking factory-produced apartment units to lower construction costs and increase efficiency. The city estimates this will reduce construction time 25% to 30%.
The city awarded a $70 million contract to Thorobird Companies in partnership with Bangladeshi American Community Development & Youth Services to develop the new, 167-unit affordable housing complex. The city funds are partially coming from the Department of Housing and Preservation's Extremely Low and Low-income Affordability (ELLA) program.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
