Dynamic Star Advances Bronx Development Amid Bankruptcy Proceedings
Dynamic Star has filed plans for a 368,469-square-foot mixed-use building at 360 West Fordham Road in the Bronx, even as the real estate development firm navigates bankruptcy proceedings related to a previous iteration of the project. Commercial Observer first reported the new plans on April 2, 2026.
Project Details and History
The new application, filed with the New York City Department of Buildings on March 25, 2026, calls for a 34-story structure, according to PincusCo. The site, known as Fordham Landing South, is located along the Harlem River, south of the University Heights Bridge.
Originally, Fordham Landing was envisioned as a large-scale affordable housing development, potentially one of the largest in recent city history, encompassing nearly 5,000 affordable units. The initial plan for Fordham Landing South included 924 affordable housing units, a 100,000-square-foot charter school, a 10,000-square-foot grocery store, a 3,000-square-foot University Heights Metro North station entrance, 330 accessory parking spaces, and supportive housing administrative space. Norwood News reported on these plans in February 2025.
Bankruptcy and Continued Development
Dynamic Star, co-founded by Gary Segal and Brad Zackson, initiated bankruptcy proceedings related to the Fordham Landing project. Despite these financial challenges, the developer is continuing to pursue entitlements for the site, signaling an attempt to preserve the project’s value and maintain control. BLDUP reported on this strategy.
The current plans include a residential tower with 329 units. BLDUP indicates the tower will include community facility space and structured parking.
Partnerships and Funding
In 2022, Namdar Realty Group and Gorjian Acquisitions partnered with Dynamic Star on Fordham Landing. The city of New York, under then-Mayor Eric Adams, similarly became a partner in August 2025, with pledged funding from the Department of Housing Preservation and Development and a $55 million award from Empire State Development. Commercial Observer detailed these partnerships.