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Morris Court To Bring 201 Affordable Units To South Bronx

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Morris Court Building rendering.

A full city block bound by 142nd Street, 143rd Street and Morris Avenue in the South Bronx is being transformed into a mixed-income residential complex as a joint venture by lead developers Azimuth Development Group, Best Development Group and the Upper Manhattan Development Corp., as well as general contractor Joy Construction Corp.

Morris Court is one of the first projects to come to fruition as a result of the Lower Concourse Rezoning program, which was completed by the Department of City Planning in 2009 in an effort to facilitate the development of affordable housing and encourage commercial projects in the area.

When completed in June 2014, Morris Court will feature two mid-rise buildings totaling 201 housing units for families and individuals with an annual income between $38,000 and $83,000. Nearly 25 percent of the apartment units at Morris Court will be set aside for formerly homeless families.

According to a statement for the press, the $69.7 million development will remain affordable through a mix of tax-exempt bonds for construction financing and subsidy loans from the New York City Housing Development Corp.—which has provided $34.7 million—and the New York City Department of Housing Preservation and Development. A standby letter of credit issued by JP Morgan Chase and the purchase of Low Income Housing Tax Credits through Raymond James Tax Credit Funds also allowed the Morris Court development to keep a level of affordability.

The project was designed by Aufgang + Subotovsky Architecture and Planning and includes 185 parking spaces and 30,000 square feet of ground floor retail space marketed by KZA Realty. National retailer Dollar Tree has already signed an early lease of 10,000 square feet of space at the site. The project’s proximity to Lincoln Hospital is expected to attract more tenants such as Brightside Academy, a regional day care center that has also pre-leased space in the building.

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Rendering of Morris COurt Buildings A and B courtesy of Azimuth Development Group.



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Morris Court Building rendering.
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Thomas Lockhart

was born June 8, 1953. Mr. Lockhart is a former Bronx resident from the Marble Hill section, and attended The Bronx High School of Science and Manhattan College. A former All-American basketball player at both institutions, he left for Europe in 1976 to pursue a professional career after a brief encounter with the Milwaukee Bucks of the NBA. Continuing his education he actively plunged into corporate marketing communications with international companies like Philips, Alstom, Qiagen Instruments, KPMG, European Space Administration, ABN-Amro Bank and the Port of Rotterdam, while continuing to play ball and coach. Teaching English and advertising in Holland led to the setup of Ideas Unlimited, his own International Business Communications firm. Mr. Lockhart has lived and worked in various countries for the past 33 years, speaks German, French, Dutch and is currently learning Italian. Now residing near Zurich Switzerland, he has three children, Jarrett, 31 Chief of Staff with the Bronx City Council, 14th District, Maraya, 21 and Malik, 11. Tom is currently serving as Communications Manager and Asst. Operations Coordinator of the Marble Hill Reunion and Development Project.