New York City/ Real Estate & Development

Highbridge Tower Nears Finish Line With 85 Apartments for Homeless, Low-Income Tenants

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Published on October 28, 2026
Highbridge Tower Nears Finish Line With 85 Apartments for Homeless, Low-Income TenantsSource: Tdorante10 / Wikimedia Commons

A seven-story building rising at 1415 Ogden Avenue in Highbridge is in the home stretch, with its red and black brick façade now complete and only ground-floor construction barriers left to clear. The $66 million Ogden Theatre Apartments will bring 85 units of affordable and supportive housing to a corner of the Bronx that once held a movie theater, a bowling alley, and a church.

Construction is wrapping up on the project, according to New York YIMBY, which reports that work is finished on the building's exterior, including its recessed, bird-friendly window grid. The site sits at the corner of Ogden Avenue and West 171st Street, a stone's throw from the elevated 4 train at the 170th Street station. The development was designed by Aufgang Architects and is being built through a joint partnership between Unique People Services and NCV Capital Partners, with involvement from HUD, the city's Department of Housing Preservation and Development, and the Department of Mental Health and Hygiene.

Who Will Live There

Of the 85 total homes, 51 are designated as supportive housing for formerly homeless individuals, while the remaining 34 units will go to households qualifying for Section 8 benefits at or below 60 percent of the area median income, per the same outlet's report. NCV Capital Partners describes the building as a mix of studio, one-, two-, and three-bedroom apartments, according to the developer's project portfolio page.

The building will also dedicate roughly 2,000 square feet of ground-floor space to social services, including case management and employment assistance, the report notes. Residents will have access to indoor and outdoor recreational space, a laundry room, and bicycle parking once the project is finished.

Built Green, Financed Through a Public-Private Mix

The project was built to meet Passive House and Enterprise Green Community Standards and includes a rooftop solar array to supplement power from the grid. Aufgang Architects describes the development as 100 percent electric, with variable refrigerant flow HVAC controlled by residents and a heat pump providing domestic hot water, according to the firm's own project announcement.

Funding for the development includes Low Income Housing Tax Credits and financing through HPD's supportive housing loan program, the station's report notes. The project previously secured a $52.1 million construction loan in 2024, according to Traded. Construction broke ground back on February 5, 2025, the same New York YIMBY report states, and the project is expected to complete construction next spring, per information posted on-site, though PIX11 has separately reported the project should be completed by 2027.

Part of a Broader Bronx Push

Ogden Theatre Apartments is one of several supportive and affordable housing projects moving forward across the borough. In Soundview, construction is underway on a 22-story building at 1920 Turnbull Avenue that will bring 228 rental units, including 137 permanent supportive-housing homes for formerly homeless individuals and families, according to the Bronx Times. That $175 million project, which will include 3,500 square feet of on-site services operated by the Center for Urban Community Services, is expected to be completed in March 2029.

In Hunts Point, the Casanova Residence is planned to create 96 supportive and affordable homes with on-site services for formerly homeless New Yorkers, according to the NYC Mayor's Office. Together, the projects reflect a continuing pattern in the Bronx of pairing permanent supportive housing with income-restricted units and on-site social services, as seen in reporting from the Supportive Housing Network of New York on the Ogden Avenue development.