Real Estate

Special Harlem River Waterfront District Visioning Session: Real Grassroots Planning Or Just Business As Usual?

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.

Will Mott Haven Become The Next Williamsburg? We Sure Hope Not

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.

Make Your Voices Heard: Public Visioning Session For The Harlem River Waterfront

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.

Exclusive: BronxNet Expanding Into Melrose Bringing Media Studios, Classrooms, & Filming to the South Bronx

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.

Going Green and Curbing Gentrification: How the Bronx is Doing it Differently | 6sqft

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’s Ambitious Regional Plan Seeks to Expand La Guardia Airport Into The Bronx—Well Sort Of

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.

Developers and Cities Are Navigating the Affordable Housing Sea in a Leaky Boat – Next City

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.

Former Throggs Neck Mandee Store Purchased for $5.1 Million

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.

Census Estimates Show The Bronx as One of Top 50 Areas in Population Growth In The Country From 2013-14

The Bronx is getting closer its 1970 population peak of 1,471,701 before the great decline began now placing the population at 1,430 million as of 2014.

New data released by the Census Bureau reveals that The Bronx is among the top 50 areas and counties in the country that grew numerically in population between 2013 and 2014 with a gain of nearly 11,000. According to the data, Brooklyn (19,000), and Queens (18,000) were also among the top 50 in the nation.