Market Rate Housing

Clocktower Expansion in Port Morris Will Be The Bronx’s Most Luxurious Development To Date—For Now

A year ago, Bronx Borough President Ruben Diaz Jr said that there was no gentrification taking place but either he was flat out clueless or lying—we’ll let you decide for yourselves.

Now, as the South Bronx Clocktower’s extension has reached its planned height of six stories, renderings have been revealed showing what will be the most luxurious development in The Bronx, something we don’t say lightly.

The new building will add 190 units to the existing 90 already at the landmarked Clocktower, a new fitness center, a game room, lounge, sports court, and an indoor sky-lit swimming pool.

University Heights Mansion Listed For Sale For an Unrealistic $1.1 Million

120 West 180th Street, across from Bronx Community College, is a beautiful, 3,723 square foot mansion (as per public records) has been listed for sale for a mind-blowing $1.1 million. By the way, the real estate agent chose to say that the house is across from the “former” NYU campus rather than saying it’s across from Bronx Community College.

There’s no question that this Univeristy Heights mansion, which according to the listing has been in the same family for 60 years, is gorgeous and has been well maintained throughout the years but $1.1 million is far more than is supported by the local market in the neighborhood.

Exclusive: First Market Rate Condos Planned for E 138th Street in Lower Concourse Rezoning Area

The gentrification of the South Bronx is in full swing despite denials by our borough president, Ruben Diaz Jr, that it isn’t happening.

Yesterday we reported on the expansion of the landmarked Clocktower Loft Apartments and today we share the exclusive story of the first market-rate condominiums coming to the Lower Concourse Rezoning Area.

The old 2 story factories at 221 E 138th Street at Canal Place has been torn down and in its place will rise a 7 story, 50 unit condominium development with ground floor commercial space according to Anthony Gurino of Tahoe Development which purchased the buildings for $2,800,000 in September 2015.

Rendering of Landmark Clocktower Expansion in Port Morris Revealed

Rising adjacent to the historic Clocktower Loft building is a new 6 story, 128,340 square foot residential expansion adding 190 units to the 95 unit loft building—oh and did we mention the enclosed pool?

The rendering is from architectural firm Karl Fischer Architect who is the architectural firm listed on NYC’s Department of Building’s database. One has to scratch their heads as to why a firm that is so despised in NYC was chosen for the project.

Bronx Boro Prez Unveils Study for Possible Development Over Concourse Rail Yards

Last year, Bronx Borough Developer, I mean President Ruben Diaz Jr called to study three Bronx rail yards for possible decking to spur further development throughout our borough.

Today he has issued the findings of the report which singles out the Concourse Yards in Bedford Park and nixing out the 149th Street yards in Melrose and Broadway Yards in Riverdale as currently logistically unfeasible.

3rd Annual Gentrification Conference This Sunday, Jan 10th

This Sunday from 2PM to 5PM, the 3rd Annual Bronx Gentrification Conference will be held, this time, at New Settlement Community Center at 1501 Jerome Avenue.

Since The Bronx Documentary began this series in December of 2012, speculation and gentrification have crept into our borough at a rapid rate despite our Bronx Borough President Ruben Diaz Jr denying that gentrification is happening.

2015 became the year that The Bronx was put up for sale and is being sold to the highest bidders not to mention the Piano District party and fiasco which has angered a borough.

Boro Prez Ruben Diaz Jr Denies Gentrification in The Bronx; Here’s Our List Proving Him Wrong

This morning on the Brian Lehrer show, Bronx Borough President Ruben Diaz Jr said that he thinks gentrification is wrong for our neighborhoods but when a caller by the name of Collin questioned him on what’s happening in our borough, Diaz became dismissive and rude. Here’s our list showing gentrification is real in The Bronx.