Real Estate

Community Rallies In Anticipation of (Cromwell) Jerome Rezoning

When the Cromwell-Jerome Study Area Jerome Avenue Study Area (City Planning has since changed the name) was announced last year, it stirred a lot of controversy as residents saw it an attempt to rebrand existing neighborhoods of the West Bronx and pave the way for gentrification via rezoning — a tool often used by the previous administration often without regard to community residents who lived in the areas. The study area grew from 57 blocks to a massive 73 blocks.

Now, as the Jerome Avenue Study Area was announced by Mayor Bill de Blasio as one of the 6 areas slated for rezonings, community groups and even local elected officials are getting residents together to discuss the future and fate of their neighborhoods at a meeting scheduled for March 5th — after all, these are the very people who will be impacted by any zoning changes the city eventually will implement to increase density.

A Rejected Artist in NYC: Who Really Wins Affordable Housing Lotteries?

In the summer of 2014, 53,000+ people applied to live in 89 affordable apartments at Artspace PS109. This has become an all too common scene in New York City’s housing market. Decades of public subsidies and assistance for luxury development in NYC have increased property values and rents all across the city. This rise has led to the displacement of working- and middle-class families. The main “community benefit” in return for publicly assisted displacement has been the opportunity to enter an affordable housing lottery and hope Yolanda Vega calls your number, allowing you to remain.

The Bronx Saw Record $2.4 Billion In Sales of Residential Properties in 2014; 6 Residential Towers Planned for Port Morris Waterfront

Real Estate Weekly reported that The Bronx saw a record breaking increase in sales of multifamily properties reaching $2.4 billion in transactions in 2014 as per data published by Ariel Property Advisors’ Bronx 2014 Year-End Report. Meanwhile, developer Cherit Group is reportedly planning to construct six 25 story towers along the Port Morris waterfront of market rate apartments and condominiums.

$200 Million From City To Develop Special Harlem River Waterfront District, New Ferries Priced As Same As A Subway Fare, & Gentrification

During the State of The City, Mayor Bill de Blasio announced a $200 million investment in the South Bronx waterfront for development as a focus of his administration’s agenda. The Mayor also announced that new ferry services being touted for the East Bronx and Far Rockaway in Queens will cost the same as a subway fare — something which Welcome2TheBronx insisted had to occur in order for it to be an equitable service that truly serves the people of The Bronx.

The Bronx Will No Longer Have NYC’s ONLY Intake Center For The Homeless; Borough Still Highest Contributor To City’s Homeless Population

The Bloomberg administration spent $65 million in new intake facility in The Bronx on 151st Street back in 2011 making it the only place the city’s homeless population could come to seeking a place to stay.

Now, the de Blasio administration is doing away with such failed policies by creating a second facility in Brooklyn which is scheduled to open sometime this Spring.

In 2014, 37% of the city’s homeless population had their last residence in The Bronx and combined with Brooklyn, both boroughs accounted for a whopping 65% of the homeless population.

Vacant Eyesore In Melrose on 161st St to Finally Give Rise to New Residential Building

2015 will give rise to new developments in Melrose, finally filling in the last remaining vacant lots as construction projects move forward. 3160 Park Avenue, which is bounded by 161st Street, Courtlandt Avenue and 160th Street, will go from a community eyesore in the heart of the Bronx’s Civic Center to an 11 story mixed-use 185,000 square foot residential building (including 21,400 square feet of ground floor commercial/retail space).

Jerome Avenue corridor eyed for new zoning | Crain’s New York Business

Major controversy surrounds the Cromwell-Jerome Neighborhood Study area and Crains New York just issued an article on it. The proposed 73 block study area was the topic of the recent 2nd Annual Bronx Gentrification Conference at the Bronx Documentary Center this past Saturday.

Neighborhood residents are fearful that city planning is coming in to upzone the area and push out long time residents as well as businesses.

Jerome Avenue corridor eyed for new zoning | Crain's New York Business

Major controversy surrounds the Cromwell-Jerome Neighborhood Study area and Crains New York just issued an article on it. The proposed 73 block study area was the topic of the recent 2nd Annual Bronx Gentrification Conference at the Bronx Documentary Center this past Saturday.

Neighborhood residents are fearful that city planning is coming in to upzone the area and push out long time residents as well as businesses.

2nd Annual Bronx Gentrification Conference At The Bronx Documentary Center

A little over a year ago in December of 2013, the Bronx Documentary Center held its first ever Gentrification Conference (which received heavy media attention from NY1, Jeremiah’s Vanishing New York, TimeOut New York, Gothamist, DNAinfo, and The Daily News.

During that first initial conference, we talked about the many issues and pending developments in The Bronx. Now this year’s conference will be solution-oriented focused on the issues surrounding the controversial topic.

Please note: SPACE IS LIMITED and you must purchase tickets in advance. If you are a Bronx resident and cannot purchase a ticket in advance, there will be a total of 15 tickets at the door exclusively for Bronx residents ONLY and will be available at a discount of $7. A valid ID showing your Bronx address must be presented so that we can ensure that these tickets go to Bronx residents ONLY.