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Bankruptcy Woes for Bedford Green House Builder Delay Completion

Bankruptcy Woes for Bedford Green House Builder Delay Completion
THE BEDFORD GREEN House is nearly completed, but bankruptcy issues with the construction group Project Renewal hired has delayed completion of the project.
Photo by Henry McEachern

An impending residential building spearheaded by Project Renewal in Bedford Park has would-be tenants lining up at the door. But despite a sign reading the project would be completed by fall 2019, the project deadline is now being pushed back, delaying any plans for prospective residents to move in.

The Bedford Green House’s path to completion may be rocky for Project Renewal, and applicants are still waiting, but their contingency plans could have the building completed soon enough to have tenants feeling a warm breeze from their rooftop garden, surrounded by fruits and fish ponds.

It was thought that the first phase of the nonprofit’s Bedford Green House would be completed by now. But last September, Hollister Construction, the company contracted to build the residence, declared bankruptcy, putting the project at 90 percent completed. According to LinkedIn, the senior project manager on site at the project left Hollister that same month. Hollister Construction is a large company. According to its bankruptcy petition, Hollister has between $100 million and $500 million in assets, and the same amount in liabilities.

Representatives for Project Renewal relayed these tie-ups to Community Board 7 at a meeting last month. In a statement to the Norwood News, the nonprofit’s spokesman said that, “Since Hollister’s unfortunate bankruptcy, we have been working with Arch Insurance Group, who insured the project against this contingency and is responsible for managing a transition that will deliver the project as quickly as possible.”

Representatives for Hollister did not return calls or emails seeking comment.

The project has legs to stand on because of this insurance. When asked when the Bedford Green House would be move-in ready, the spokesman said the group expects first occupancy in “late spring or early summer.”

Project Renewal is a non-profit that seeks to “end the cycle of homelessness by empowering individuals and families to renew their lives with health, home, and jobs.” The project, LEED Gold certified for sustainability, is a housing option for low-income Bronxites who seek to surround themselves with natural healing. Equipped with a rooftop fish ecosystem, greenhouse, playground, laundry, and more, all for around $1,000 a month, this innovative addition to the neighborhood seeks to surround tenants with a natural support system, especially families leaving shelters, people with substance use disorders, and HIV/AIDS patients.

Ground was broken in 2017 and the first five floors of the building were set in place, no thanks to the 375 million-year-old bedrock that towered three stories in their way. In true preservationist fashion, they incorporated the bedrock into the design of the project, offering a unique look to the mileage of buildings surrounding the Bedford Park/Kingsbridge street.

Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.

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