After almost 20 years of pushing for a greener, safer, and more sustainable community, The Point CDC (and the rest of the community) are celebrating the allocation of $97 million in New York State’s recently approved budget to begin converting the ugly Sheridan Expressway into a beautiful, green boulevard along The Bronx River.
Real Estate
NY1’s Erin Clark explores The Bronx’s renaissance and how it’s impacting several key areas in our borough. In the first installment which aired last night, Clark takes a look at crime drops, housing prices in some areas and other issues.
PropertyShark just released its top ten most expensive neighborhoods in 2015 and although Riverdale is on the list, it isn’t the most expensive as many would think.
The top ten most expensive neighborhoods in our borough last year are as follows:
New York City Housing Authority’s 178,000 units spanning The Bronx and all the 5 boroughs of our city are in deplorable conditions.
There is no doubt in anyone’s mind that having to live in such conditions has negative impacts on families who are simply trying to get by.
Now, United States Attorney Preet Bharara’s office is, “…conducting a sweeping investigation of environmental health and safety conditions, including cases of elevated blood lead levels, in public housing and homeless shelters and the possibility that the New York City housing and homeless agencies filed false claims to federal housing officials for payment related to the conditions.” according to the New York Times.
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.
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.
Development doesn’t seem to be stopping anytime soon in Melrose, The Bronx’s unofficial downtown neighborhood.
After a lull in construction for a few years, developments are either in the process of breaking ground, in the middle of construction, almost complete or just filing applications in the neighborhood.
When all testimonies are done, whether in favor or against changes to zoning via mandatory Inclusionary housing (MIH) or zoning for quality and affordability (ZQA), New York City’s Council members have an opportunity to side with their constituents in voting down Mayor de Blasio’s ill-conceived plan that is central to his preserving 120,000 affordable units and creating 80,000 new units of “affordable” housing.
The more controversial of the two, MIH, sounds great on paper. It mandates that affordable housing would be mandatory not voluntary and it would be permanent in districts that would be zoned for MIH. Trick is that it isn’t truly affordable.
Parkchester South Condominiums, the largest of the two separate condominiums that make up Parkchester—with 8,286 of the more than 12,000 units in the complex— is undergoing major capital improvements yet again. But this time rather than taking loans out, they will instead institute a temporary 15.19% common charge hike across the board for all units in the development to pay for these improvements.
Needless to say, this isn’t sitting well with residents and home owners at one of the largest condo developments in the world. Residents have been organizing against this fee and have a rally scheduled for this coming Wednesday, February 10th, at 4pm at 2000 E Tremont Avenue.
An important message from the Historic Districts Council regarding the changes to zoning which the the overwhelming majority of community boards has said no to. Despite widespread opposition, New York City Planning Commission has voted yes to the changes against the will of the people. MAKE YOUR VOICES HEARD BY SUBMITTING YOUR TESTIMONY HERE!
All across the city, we are seeing neighborhoods being destroyed by real estate speculation pushing out longtime residents and established small businesses. Predatory landlords target working class communities inhabited predominantly by ethnic minorities, repackaging it as a “luxury community” which intentionally drives out longtime residents and small businesses. The question is no longer if gentrification is coming to the Bronx, the question is how fast will it happen and what are the consequences to Bronxites?
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.
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