Market Rate Housing

Clocktower Expansion in Port Morris Will Be The Bronx’s Most Luxurious Development To Date—For Now

A year ago, Bronx Borough President Ruben Diaz Jr said that there was no gentrification taking place but either he was flat out clueless or lying—we’ll let you decide for yourselves.

Now, as the South Bronx Clocktower’s extension has reached its planned height of six stories, renderings have been revealed showing what will be the most luxurious development in The Bronx, something we don’t say lightly.

The new building will add 190 units to the existing 90 already at the landmarked Clocktower, a new fitness center, a game room, lounge, sports court, and an indoor sky-lit swimming pool.

University Heights Mansion Listed For Sale For an Unrealistic $1.1 Million

120 West 180th Street, across from Bronx Community College, is a beautiful, 3,723 square foot mansion (as per public records) has been listed for sale for a mind-blowing $1.1 million. By the way, the real estate agent chose to say that the house is across from the “former” NYU campus rather than saying it’s across from Bronx Community College.

There’s no question that this Univeristy Heights mansion, which according to the listing has been in the same family for 60 years, is gorgeous and has been well maintained throughout the years but $1.1 million is far more than is supported by the local market in the neighborhood.

Exclusive: First Market Rate Condos Planned for E 138th Street in Lower Concourse Rezoning Area

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.

Rendering of Landmark Clocktower Expansion in Port Morris Revealed

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.

Plans Filed for Yet Another Affordable Housing Development in Melrose

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.