Sol Schwimmer files permits for 35-unit mixed-use project in the Bronx

 

• Sol Schwimmer is advancing an eight story mixed use building
• Project will include 35 residential units and ground floor commercial space
• Development located near major transit access in Melrose

What the filing means for Bronx development

New permits have been filed for 720 Elton Avenue in Melrose, signaling continued residential growth in the Bronx. The project will transform a current parking lot into a mixed-use building, adding housing and commercial space to the neighborhood. This reflects a broader trend of converting underutilized sites into higher-density developments across New York City.

What the scale and program say about positioning

The proposed eight-story building will include 35 residential units alongside commercial and small community facility space. With average unit sizes approaching 900 square feet, the project is likely targeting rental tenants seeking larger layouts. Designed by XPdite Group LLC, the structure will feature a cellar and a standard mixed-use configuration.

What the location means for demand

The site is located near the 3rd Avenue 149th Street subway station, providing strong connectivity across the Bronx and into Manhattan. This transit access supports steady demand for new rental housing in the area. Melrose continues to see incremental development as part of the Bronx’s broader residential expansion.

What this signals for investors

The project highlights continued momentum in smaller-scale developments across the Bronx, where individual developers are adding new housing through infill projects. For investors, it reinforces that mid-rise rental developments in transit-oriented Bronx neighborhoods remain a consistent growth opportunity.