Atlantic Development Group opens 96-unit development

Atlantic Development Group has opened its brand new, 96-unit affordable rental development at 1926 Crotona Parkway. Unlike other properties that cater to seniors aged 62 and up, 1926 Crotona Parkway is no "cookie-cutter" development: The building offers a range of unit sizes and common area features that include a community room/lounge and landscaped backyard space. "We saw a real void in the marketplace for seniors who wanted an affordable residence in the Bronx that is truly comfortable," said Marc Altheim, principal at Atlantic Development Group. "What were missing were high-quality and safe units designed to make them feel like they are truly part of a community while giving them plenty of room and amenities. 1926 Crotona Parkway really offers all this without forcing tenants to endure sterile and cramped quarters." The property officially opened its doors last month, and early interest in renting the units has been strong. The Highbridge Community Development Corporation, which acted as Atlantic Development Groups' not-for-profit partner on the development, will manage the property going forward.