This week has been one for the books for the South Bronx. First we heard about the loft building at 2417 Third Avenue in Port Morris being under contract for $37 million, then we reported about the “Banksy” building being developed into market-rate rental apartments. Now we have 4 additional developments on the radar.
Tag: Real Estate Development
Last year, on October 21st, the infamous street artist known as Banksy struck in the Melrose neighborhood of The Bronx on E 153rd Street (just down the block from me) where Elton and 3rd Avenues meet prompting thousands of fans to trek to the area and catch a glimpse of his controversial ‘Ghetto 4 Life’ piece. The 4 story buildings have been vacant for decades (close to 30 years) with the exception of the retail spaces on the ground floor. Now the owner is beginning the process of converting the top 3 floors into market rate residential units.
Our friends over at YIMBY have revealed plans filed for one of the last remaining tracts of land in the Melrose Commons redevelopment area to be developed by Briarwood and Phipps Housing in conjunction with The Bridge. The development has changed considerably since it was first announced 4 years ago and probably the most significant change, besides the renderings, is that it will contain 60 units in a separate yet connected building of supportive housing for low-income veterans (Check out the old renderings here).
Whether you’re for or against the possibility of a new soccer stadium, please make every effort to attend tonight’s Town Hall Meeting at 7:30PM at 900 Grand Concourse at the corner of 161st Street.
For more coverage on the soccer stadium check out our past stories.
Last night, representatives from the development team of La Central, BRP Development Corporation, Hudson Companies Inc., Common Ground, Comunilife, The Kretchmer Companies, ELH Mgmt LLC, and the YMCA, made their first presentation to Community Board 1 who’s very offices are behind the proposed development site.