A new luxury development known as Estela, in the South Bronx’s Mott Haven neighborhood, has begun leasing with asking rents starting at $3,068 for studio apartments
Tag: Market Rate Housing
New luxury units along the Harlem River Waterfront in the South #Bronx with rents as high as $3,400 for two bedrooms are being called “affordable” in the latest entry in the #gentrification wars in the borough.
In the first wave of construction in Melrose, over 3,000 units of “affordable” housing were constructed bringing thousands of new residents into the area and making the neighborhood the fastest growing neighborhood in The Bronx and 3rd fastest in New York City as per the 2010 census.
Now Melrose is experiencing its second wave of major construction as the last remaining parcels of what was once empty lots filled with the rubble of burnt out and abandoned buildings are being filled in with new affordable developments and even market-rate developments with over 2.1 million square feet of developments are in various phases of construction