Less than two weeks ago it was announced that the landmark Bronx General Post Office was sold to YoungWoo & Associates (the price tag has yet to be published on ACRIS or disclosed) and now today it was announced that the landmark Banknote Building of Hunts Point has sold to firms Madison Marquette and Perella Weinberg for a whopping $114 million as Taconic Investment Partners unloaded the property — 4 years later than they had anticipated in flipping the property.
The Bronx is piping hot in the real estate sector with so many projects whether affordable housing or commercial projects. Only time will tell if these will benefit the people of our borough who desperately need to be uplifted along with the renaissance that is happening in The Bronx as we continue to rise from the ashes. If we leave our own people behind, then we have failed and will become yet another cookie cutter Manhattan or Brooklyn enclave.
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