A report by investment firm Ariel Property Advisors recently reported that The Bronx saw a record $2.4 billion in sales of residential properties. Now, in an interview with the firm’s president, Shimon Shkury, reveals to New York Real Estate Journal that Melrose led the borough in such sales with
Tag: South Bronx
St. Mary’s Park in Mott Haven, the recreational heart for thousands of residents of the South Bronx, is getting a face-lift thanks to $1.5 million in funds allocated by New York City Council Speaker Melissa Mark-Viverito who’s district covers the park.
The monies will be used to reconstruct the western playground area along St. Ann’s Avenue and the community is being invited to contribute their visions and ideas for their park on Wednesday, March 4th between 6pm – 8pm at Heketi Community Charter School.
The 70s was the decade that South Bronx became the poster child for urban decline. It’s when Howard Cosell, during the 1977 World Series at Yankee Stadium told the world, “Ladies and gentlemen, The Bronx is burning,” It was the decade that our borough lost over 20% of its population (more than 300,000 had fled) — most of it concentrated in The South Bronx.
Now, coming in 2016, a new Netflix series called ‘The Get Down’ will focus on a group of teenagers during that tumultuous era and the creativity that blossomed during those days giving way to hip-hop in all its forms from the music, to the dance, the graffiti artists and much more.
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.
During the State of The City, Mayor Bill de Blasio announced a $200 million investment in the South Bronx waterfront for development as a focus of his administration’s agenda. The Mayor also announced that new ferry services being touted for the East Bronx and Far Rockaway in Queens will cost the same as a subway fare — something which Welcome2TheBronx insisted had to occur in order for it to be an equitable service that truly serves the people of The Bronx.
In the Meatpacking District, people can grab a seat and buy healthy prepared food from a vendor in a bustling plaza. But New Yorkers who live in less affluent neighborhoods tend not to have the same options — at least not yet. A new effort aims to bring several vendors to a plaza under construction in the South Bronx.
Meet Doña Carmen, a resident of Melrose since leaving her native #PuertoRico many decades ago.
85 years young and you can always spot her in the early morning hours running her errands. Even though she cannot walk without the aid of her walker, she does not solicit help from anyone.
This past Tuesday, January 20th, YoungWoo and Associates finally unveiled a more detailed look at the full plans for the restoration and development of the landmark Bronx General Post Office at a hearing with New York City’s Landmark Preservation Commission.
2015 will give rise to new developments in Melrose, finally filling in the last remaining vacant lots as construction projects move forward. 3160 Park Avenue, which is bounded by 161st Street, Courtlandt Avenue and 160th Street, will go from a community eyesore in the heart of the Bronx’s Civic Center to an 11 story mixed-use 185,000 square foot residential building (including 21,400 square feet of ground floor commercial/retail space).
Today we received word from Henry Weinstein, the owner of the landmark Old Bronx Courthouse, who confirmed that not only are major renovations underway at the treasured building in Melrose but it will be the host of a major exhibition by the organization No Longer Empty.
We can go on and on about the amazing work Tanya Fields has been doing in The Bronx since moving here 13 years ago but I’ll let you read her story below. After you read her story please do NOT forget to donate to this amazing project. Even if it’s $1.00 and you share this with your friends, we can easily help them reach their goal. That’s just $1.00 to help create change.
We can go on and on about the amazing work Tanya Fields has been doing in The Bronx since moving here 13 years ago but I’ll let you read her story below. After you read her story please do NOT forget to donate to this amazing project. Even if it’s $1.00 and you share this with your friends, we can easily help them reach their goal. That’s just $1.00 to help create change.
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