ACMH Bronx Site Acquisition
ACMH, Bronx, New York
Client Profile:
ACMH provides outreach and engagement, care coordination, peer support, supportive housing and rehabilitation to adults with serious mental illness, and promotes access to treatment, employment, and other supports and services according to an individualized plan that addresses a client’s strengths, needs, goals, and choices.
Project Description:
ACMH engaged Denham Wolf to serve as its exclusive broker during its search for two development sites in the outer borough, with the intention of developing affordable mixed-use buildings on these sites. Denham Wolf conducted a thorough review of the market, identified a new space and, subsequently, structure, and negotiated a deal for ACMH. Today, ACMH has filed to construct a 14-story mixed-used building on one of the locations.
Services Provided: Denham Wolf provided ACMH with transaction services. Key among these services were:
- A due diligence study to assess the condition and feasibility of a potential development site
- The acquisition of 16,000 square foot development parcel for new mixed-use development with a total of 100,000 square feet of buildable area
- Identified potential sites, within search parameters, including off-market sites and other creative development opportunities
- Negotiated the acquisition of the development site
- Supported ACMH through the due diligence and closing process
Featured Project:
Unlocking New Opportunities for Supportive Housing in the Bronx