Melrose Construction Boom Continues, This Time As Commercial Expansion
The Real Deal reports that the EDC has tapped Triangle Equities to purchase and develop two lots both totalling more than 100,000 square feet.
The lots, currently being utilized as eyesores of parking lots are bounded to the north by Westchester Avenue, West by Bergen Avenue, South by East 149th Street and East by Brook Avenue. Plans call for the parcels call for an 8,000 square foot plaza, a supermarket, office space, a school and restaurants.
This is perhaps only the beginning in the continuing growth of Melrose since the neighborhood is the epicenter of an influx of 40,000 new residents making it, along with neighboring Morrisania and Mott Haven the fastest growing neighborhood in the Bronx and 3rd fastest citywide.
This tremendous growth is still continuing as there thousands of apartments yet to be completed or even built and with thousands of more people, Melrose will need to expand its commercial offerings to live up to its nickname as Downtown Bronx.
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