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.
The development and construction boom continues (frankly it hasn’t stopped since the rise of Melrose Commons which reached a crescendo in 2011 and picked up again last year) in The South Bronx and now yet another hotel is coming to the area along with a 12 story and a 13 story mixed-income “affordable housing” apartments.
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.
The top story this morning continues to be how community boards across New York City are striking down de Blasio’s zoning changes. Meanwhile, a look into the world of green taxis, Comptroller Scott Stringer thinks it’s fine time to shut down Rikers, 4 buildings get a new lease on life, and a peek inside the Bronx General Post Office and plans for the landmark.
The New York Times has released an article on a recent poll they conducted which indicates that roughly half of New York City residents are barely able to make ends meet. In The Bronx, that number is at 36%. The Bronx also leads New York City with the percentage of residents (25% of respondents) who do not feel confident that local government elected officials are not addressing the multitude of problems facing our borough.
It was up for barely a month yet it made headlines around the world and now it’s gone—the Piano District billboard has been replaced with an innocuous ice cream ad.
The billboard display heralding the coming of luxury waterfront living and a rebranding of a neighborhood while promising to bring in “world class dining, fashion, and art” for many was a sign that gentrification was coming in and fast.
Mayor Bill de Blasio’s housing plan to preserve and create 200,000 units of affordable housing is crumbling, Casita Maria searches for a new executive director as Sarah Calderon departs the organization after 7 wonderful years, and the Gould Memorial Library at Bronx Community College may be repurposed are some of the stories you’ll find here at Bronx PM Links.
Last week The Real Deal talked about how it appeared that certain developments may be responsible for a 9% increase in subway ridership in The Bronx between 2009 and 2014 and while that may be the case for a few of the stations, none of the others are proximate to actual new developments to account for increases as high as 34% at 176th Street on the 4 line.
While looking at the infographic above, there have been no major developments constructed in the East Bronx in Eastchester near the Gun Hill Road Station on the 5 Dyre Avenue line which saw a 28% increase in ridership and the same goes for Parkchester which saw a 19% jump. Kingsbridge and Bedford Park Boulevard along the 4 train, which saw a jump of 11% and 10% respectively also didn’t have any major new construction housing to account for such large increases.
Could lack of housing and truly affordable housing be the reason?
The Daily News just released an exclusive report on how some affordable tenants are paying high rents—something we’ve been saying all along how “affordable housing” isn’t truly affordable.
Just this year Courtlandt Corners, an “affordable housing” development in Melrose (built by Phipps) began calling one of their buildings The Upton in a media campaign that would pop up in online ads calling it “affordable luxury”.
“Nearly half of the affordable apartment tenants in a new survey say they’re now spending more than 30% of their income on rent — a level considered “rent-burdened.”
A stunning 14% say they’re spending more than 50% of their income on rent, which makes them “severely rent-burdened.”
The findings emerge in a report to be released Wednesday by the housing advocates Real Affordability for All.
In the first wave of construction in Melrose, over 3,000 units of “affordable” housing were constructed bringing thousands of new residents into the area and making the neighborhood the fastest growing neighborhood in The Bronx and 3rd fastest in New York City as per the 2010 census.
Now Melrose is experiencing its second wave of major construction as the last remaining parcels of what was once empty lots filled with the rubble of burnt out and abandoned buildings are being filled in with new affordable developments and even market-rate developments with over 2.1 million square feet of developments are in various phases of construction
Enjoy outdoor festivities on a car-free street as WHEDco and the Bronx Music Heritage Center (BMHC) shut down the streets for live performances, face painting, games, free health screenings, arts activities, and much more! Lets wrap up the summer in proper block party fashion.
Let’s face it: We already knew that developers were going to set their eyes on The Bronx, often called “The Last Frontier” by real estate developers and moguls due to The South Bronx’s proximity to Manhattan and excellent transportation network but as speculative purchases are made on properties far more than their actual worth, is it over for those trying to make a quick buck on our back?
198 E 135th Street, which was owned by storage company CubeSmart, was sold on May 12, 2015 for $15,470,000 to Deegan 135 Realty LLC.
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