Search Results for: special harlem

Vacant Lot in The South Bronx Sells For Over $15 Million—Is The Area No Longer Affordable?

Let’s face it: We already knew that developers were going to set their eyes on The Bronx, often called “The Last Frontier” by real estate developers and moguls due to The South Bronx’s proximity to Manhattan and excellent transportation network but as speculative purchases are made on properties far more than their actual worth, is it over for those trying to make a quick buck on our back?

198 E 135th Street, which was owned by storage company CubeSmart, was sold on May 12, 2015 for $15,470,000 to Deegan 135 Realty LLC.

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.

Another Port Morris Property Sells, This Time For $32 Million

Just around the corner (literally) from 2417 Third Avenue — the loft building that is under contract for $31 million, 101 Lincoln has just sold for $32 million. This property sits across from Bruckner Bar and Grill Mott Haven Bar and Grill and according to the Real Deal the developer can build up to an 800,000 foot building on the site.

Billions Spent In Melrose & Surrounding Area in New Construction In Less Than 10 Years

Over $2 billion has poured into the Melrose neighborhood of the Bronx as well as adjacent areas in new construction — whether residential or new commercial — in less than 10 years easily out pacing the entire borough.

The bulk of the money has been centered in the many developments in Melrose such as La Terraza, Boricua College & North Rose Apartments, St Ann’s Terrace, Via Verde as well as the proposed 950 unit La Central Development which is currently estimated at $345 million.

Condo Loft Listing Price of $900,000 Breaks Record in The South Bronx

A listing for a condo loft in the Mott Haven neighborhood of the South Bronx has broken a record with an asking price of $900,000.

Located at 305 East 140th Street at Bronx Bricks Condominiums, a converted building constructed in 1904, the 2,350 square foot apartment originally sold for $712,775 in 2007 at the peak of the market.

After One of The Roughest Winters In Recent Memory, PS 31 Still Stands In The Bronx

On November 8, 2013, New York City’s Department of Buildings issued an emergency demolition order for the landmarked ‘Castle on the Concourse’ aka PS 31. They cited it as a public safety issue and were concerned that it wouldn’t survive another Sandy-like weather event.

After a winter with record snowfalls and several buildings suffering major roof collapses due to the tremendous weight of all that snow, PS 31 still stands.

Morris Court, First Development In The Lower Concourse Rezoning District, Nearing Completion

Morris Court, which began construction two years ago after demolishing almost an entire block (only one property owner did not sell), is nearing completion as the first development to take advantage of the Lower Concourse rezoning approved back in 2009.

The $69 million complex, when complete, will include 201 mixed low & middle income units for families with incomes ranging from approximately $28,595 to $90,700 per year. 25% of the units will be set aside for families that were formerly homeless.

The South Bronx Deserves Better Than A 21 Year Old Environmental Impact Statement

Yesterday, on Thursday, March 27th, the Appellate Division of New York ruled in favor of FreshDirect and, “Bloomberg-era Industrial Development Agency decision to provide $80 million in subsidies to Fresh Direct to move its trucking operation to a South Bronx waterfront flood zone…without any requirement to assess or address the environmental impact of an additional 1,500 daily diesel truck trips on our asthma-plagued community.”

New CDC Study Reveals Link To Increased Childhood Leukemia Incidences In High Traffic Urban Areas: Another Reason To Say No To FreshDirect Move To The Bronx

Dear Mayor De Blasio, Council Speaker Mark-Viverito, Bronx Borough President Ruben Diaz Jr, New York City Council members:

The Center for Disease Control has just published a study in the April 2014 issue of the American Journal of Preventative Medicine citing a deep connection between a rise in incidents of childhood leukemia and pollution in high traffic areas — traffic pollution which already exists in the South Bronx that contributes to children having 8 times the national rate of asthma.

Can we afford FreshDirect with thousands of more truck trips barreling through our roads in the South Bronx, worsening the traffic situation? Is the empty promise of jobs worth the risk of exposure to our children — a company with dubious labor practices where they are currently being sued by their own drivers? Do we sacrifice our future over corporate greed and over $130 million in tax breaks and subsidies?

FreshDirect Drivers File Class Action Lawsuit Against The Company Over Gratuities

On Wednesday, March 19th, delivery workers for FreshDirect have filed a class action lawsuit against the firm over gratuities they are losing due to misleading company policies.

It is not the first time FreshDirect is under fire for its dubious labor practices and once again solidifies even more why the majority of residents do not want FreshDirect to relocate to our waterfront.

Back in 2007 FreshDirect fired scores of immigrant workers because of a pending unionization vote.