This morning’s top stories (we didn’t forget about you yesterday, there just wasn’t enough newsworthy items for a list!) are the abrupt resignation by the scandal plagued Councilwoman Maria del Carmen Arroyo, more great restaurants along the 2 (and 5) train, and the worst slumlords in The Bronx as Public Advocate Letitia James took a tour of one of the worst buildings. (See the full list in the link)
Tag: Real Estate
Last week we reported that 9 of 12 Bronx Community Boards had voted down any changes to the zoning text for Mandatory Inclusionary Housing and Zoning for Affordability and Quality—a cornerstone for Mayor de Blasio’s housing plan to preserve and create 200,000 units of “affordable” housing.
Now, this morning, The Bronx Borough Board and the BP has voted no on MIH and ZAQ which seems to align that with the wishes of the residents of The Bronx as well as with many similar increasing sentiments around New York City.
Now just because Bronx Borough President Ruben Diaz Jr voted no, don’t let your guard down just yet.
This morning Bronx AM Links brings you yummy delights off Jackson Avenue, 13 buildings sold for $90 million, a Bronx hero who saved a woman’s life, holiday fun in The Bronx, and why The Bronx isn’t The New Brooklyn.
Last week The Real Deal talked about how it appeared that certain developments may be responsible for a 9% increase in subway ridership in The Bronx between 2009 and 2014 and while that may be the case for a few of the stations, none of the others are proximate to actual new developments to account for increases as high as 34% at 176th Street on the 4 line.
While looking at the infographic above, there have been no major developments constructed in the East Bronx in Eastchester near the Gun Hill Road Station on the 5 Dyre Avenue line which saw a 28% increase in ridership and the same goes for Parkchester which saw a 19% jump. Kingsbridge and Bedford Park Boulevard along the 4 train, which saw a jump of 11% and 10% respectively also didn’t have any major new construction housing to account for such large increases.
Could lack of housing and truly affordable housing be the reason?
What do you do if the person you thought was helping you keep your home was in fact taking it right from under your feet?
Sometimes Bronx homeowners and families find themselves in desperate situations whether due to a bleak economic downturn or health issues both which can lead to unemployment or underemployment.
This leaves this segment of the population vulnerable to predators from all sides who will claim to help save your home but in reality are conspiring to take it away from you.
The New York Times has published a special report on the never ending scam of shell companies which promise the world to desperate homeowners and without the homeowner realizing, their homes are taken away from them.
The Point CDC in Hunts Point never disappoints and is not afraid of speaking up…
Developers Somerset Partners and the Chetrit Group who are planning as many as six 25 story residential market rate towers (of which 3 have already been filed with the Department of Buildings for construction) has put up a new billboard proclaiming the area of Port Morris as the ‘Piano District’.
The billboard is prominently aimed at Manhattan and drivers who are heading home to the posh suburbs of Westchester County and Connecticut as they head on home, easily viewing the sign.
The billboard promises, luxury waterfront living, world-class dining, fashion, art, and architecture in a neighborhood where the majority are living well below the poverty line and are fighting for their very lives as they suffer health disparities disproportionately more than others across the city.
Whitestone Cinemas, where countless Bronx residents both former and current have tons of fond memories at the old drive-in and movie multiplex, has sold again, this time to mega developer Extell—for $41 million.
Our friends over at Curbed NY spotted these three Bronx castles—of course all located in Riverdale. Where else would you find such homes in The Bronx and the rest of New York City for that matter?
This isn’t the first time that a Bronx castle has caught the attention of the folks at curbed and I’m sure it won’t be the last considering the beauties located in Fieldston and Riverdale.
On the heels of the many articles on The Bronx, with the majority being pro gentrification/developer focused pieces, here comes a refreshing article over at 6sqft that talks about how The Bronx is doing things differently and working to curb gentrification.
It’s not everyday that we get an article acknowledging that we are, in fact, waging a war against the powers that be that want gentrification. There are many that do not understand the implications of gentrification and think that it can mean something good or be something different.
The old Mandee store on East Tremont Avenue in the southeastern neighborhood of Throggs Neck was just sold to the Ashkenazy Acquisition Corporation for $5.1 million according to Ariel Property Advisors who represented the seller in the transaction.
The property currently consists of a 15,000 square foot building which can be built up to 38,618 square feet using available 23,618 square feet in air rights.
Welcome2TheBronx teamed up with Curbed to help identify several major projects in The Bronx that are considered to be game changers in our borough.
For decades, the Bronx has been ignored in the larger conversation of a changing New York City. But as big developers like Chetrit Group and Greystone turn their eyes north, and Borough President Ruben Diaz Jr. announces his lofty desires for creating a Brooklyn Bridge Park-style public space along the Harlem River, it seems like momentum is starting to build around the fledgling borough. “The South Bronx has experienced an unprecedented amount of capital flowing in the past years over some major developments,” Ed García Conde of Welcome2theBronx tells Curbed.
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