A major new residential project is set to transform the Mott Haven neighborhood in the Bronx, thanks to a $130 million construction loan secured by a joint venture between Shorewood Real Estate Group and Bogopa Enterprises. The funding, provided by PCCP, will support the development of The 360, a 13-story mixed-use building anchored by a grocery store and featuring 304 new apartment units.

Located in one of the Bronx’s fastest-growing neighborhoods, The 360 aims to blend residential living with essential retail amenities, addressing the increasing demand for housing and convenient services in the area. The project reflects continued investment in Mott Haven, where recent years have seen revitalization efforts and rising interest from developers.

The financing arrangement was brokered with the help of a team from JLL Capital Markets, led by Lauren Kaufman. PCCP’s role as the lender underscores the confidence in the Bronx’s market potential, particularly in neighborhoods like Mott Haven that combine affordable housing opportunities with proximity to Manhattan and expanding local infrastructure.

Once completed, The 360 will contribute significantly to the borough’s housing stock, offering a mix of apartment layouts designed to attract a diverse community. The inclusion of a grocery store is especially notable, as access to fresh food retail has historically been limited in parts of the South Bronx.

This project aligns with broader city initiatives to spur economic development and improve quality of life in underserved neighborhoods. As construction progresses, residents and local businesses alike are watching closely, hopeful that The 360 will be a catalyst for sustained growth and community enrichment in Mott Haven.

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