New Jersey Community Capital has finalized an $8.5 million New Market Tax Credit loan to support the construction of The Hip Hop Museum at 585 Exterior Street in Mott Haven, The Bronx. The project will anchor Bronx Point, a 585,000-square-foot mixed-use complex along the Harlem River. The Hip Hop Museum, which is being developed in partnership with L+M Development Partners, is the first global institution dedicated to Hip Hop culture and history. The facility is planned to include a research center, archive, educational programs, and career development opportunities, and is scheduled to open in summer 2026. The property is located between East 149th and 150th Street.
Bronx Point, which completed construction in 2023, includes 542 permanently affordable housing units, nearly 3 acres of public waterfront parkland, as well as retail and community space. In addition to The Hip Hop Museum, the campus also houses a K-12 charter school.
Rendering of Bronx Point, via NYCEDC
Transit nearby the museum includes the 4, B, and D trains at 161st Street–Yankee Stadium station.
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