Courtlandt Corners in Melrose, the development which comprises of Courtlandt Corners I & II and Courtlandt Crescent, has rebranded the phase II building on the northern side of 161st Street as ‘The Upton’ offering ‘affordable luxury living’ but at rents that are well above the neighborhood average and clearly are not affordable to the general area population.
Real Estate
Coming Soon: Bushwick…If We Let It.
The following is syndicated from CityLimits and is very appropriate and applicable to The Bronx as signs of gentrification continue to manifest itself in the South Bronx. Is this what Bronx residents have to look forward to as developers are given free reign by our politicians to come into our neighborhoods and development with rampant disregard?
New York City has become a sterile, cookie-cutter “suburban” city. Neighborhoods in Manhattan and many parts of Brooklyn no longer have a distinct character or are losing them and becoming more homogeneous. Is this what we really want to happen to The Bronx?
On Tuesday, May 5th, the South Bronx Overall Economic Development Corporation—better known as SoBro—held a “second” visioning session on the Special Harlem River Waterfront District to discuss the issues of developing the waterfront, residential, needs, and gentrification issues.
The reason I say second in quotes is because SoBro held a block party last year where they had a small station in a corner where they collected surveys about the waterfront yet that was never heavily promoted. Many residents were unaware that a “first” session had occurred.
DNAinfo published a piece yesterday that pretty much hyped up the area’s prospects of pending gentrification much to our chagrin.
Unlike a recent piece on Melrose which focuses on revitalization, this piece is more on the pro-gentrification side which will cause much displacement of long time residents.
Right now, rents are so high in the area that those living in rent stabilized unit wouldn’t be able to afford moving in at this point in time.
It also goes on to talk about a lot of what we’ve been reporting in the area about speculative purchases, etc and the money that’s been pouring in.
amNewYork published an article yesterday talking about Melrose as the epicenter of the South Bronx’s revitalization: Something we know very well since we are based in the neighborhood and Welcome2TheBronx started out as Welcome2Melrose, documenting the area for over 6 years now.
We already have heard that The Bronx is the last frontier for developers and real estate moguls gobbling up real estate at a record setting pace.
Now our friends at Metro New York sent us an article and allowed us to syndicate it which calls our awesome borough the next big tourist destination.
SoBro has just announced a visioning session to gather community input on what residents want to see on our waterfront along the Special Harlem River Waterfront. The meeting is scheduled for Tuesday, May 5th at Mott Haven Bar and Grill from 6:30PM – 8:30PM so mark your calendars and get ready to make your voices heard.
BronxNet, the borough’s cable access television station available on Optimum/Cablevision as well as Verizon’s FIOS service and has been operating since July 1, 1993 from Lehman College, is opening up a roughly 10,000 square foot facility in Melrose at La Central which is scheduled to break ground towards the end of the year.
On the heels of the many articles on The Bronx, with the majority being pro gentrification/developer focused pieces, here comes a refreshing article over at 6sqft that talks about how The Bronx is doing things differently and working to curb gentrification.
It’s not everyday that we get an article acknowledging that we are, in fact, waging a war against the powers that be that want gentrification. There are many that do not understand the implications of gentrification and think that it can mean something good or be something different.
ReThinkNYC has submitted a massive regional proposal to improve access to La Guardia Airport (LGA) as part of a competition to modernize NYC’s 4 area airports in which the winner would fetch a $500,000 prize.
In short, the proposal seeks to essentially wipe out about half of the existing Port Morris neighborhood east of the RFK Bridge and adding a convention center, parking, terminals and rail links straight into an expanded La Guardia Airport that would take over Riker’s Island as well.
Here’s an interesting piece on a topic close to home in The Bronx: Affordable Housing.
The article skims the surface of what is a tangled web in which affordable housing developers have to navigate which is so much deeper than Next City can even get into but it does speak briefly about the Jerome Avenue Study area and other parts of New York City.
The old Mandee store on East Tremont Avenue in the southeastern neighborhood of Throggs Neck was just sold to the Ashkenazy Acquisition Corporation for $5.1 million according to Ariel Property Advisors who represented the seller in the transaction.
The property currently consists of a 15,000 square foot building which can be built up to 38,618 square feet using available 23,618 square feet in air rights.
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