The reservoir is surrounded by DeWitt Clinton High School, the Bronx High School of Science, Lehman College, High School of American Studies at Lehman College and numerous apartment houses, including the Amalgamated Housing Cooperative, administered by the Park Reservoir Housing Corporation.
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In 1996, residents fought to stop the city from converting the site to a water treatment plant. It was thought that the noise, chemicals, and unsightly construction would decrease the quality of life for area residents. The treatment plant was built in another part of the Bronx, minutes away in the middle of Van Cortlandt Park.
The reservoir was listed on the National Register of Historic Places in 2000.