Yup, you read that right: $4,675,000 is the price tag for the most expensive apartment…
On The Sound is City Island’s first condo development in 15 years and is a 43 unit project on 5 acres in gated community on the Long Island Sound.
With units listing from $488,000 to $988,000, this is easily one of the most expensive developments in The Bronx in a number for years.
The gentrification of the South Bronx is in full swing despite denials by our borough president, Ruben Diaz Jr, that it isn’t happening.
Yesterday we reported on the expansion of the landmarked Clocktower Loft Apartments and today we share the exclusive story of the first market-rate condominiums coming to the Lower Concourse Rezoning Area.
The old 2 story factories at 221 E 138th Street at Canal Place has been torn down and in its place will rise a 7 story, 50 unit condominium development with ground floor commercial space according to Anthony Gurino of Tahoe Development which purchased the buildings for $2,800,000 in September 2015.
Parkchester South Condominiums, the largest of the two separate condominiums that make up Parkchester—with 8,286 of the more than 12,000 units in the complex— is undergoing major capital improvements yet again. But this time rather than taking loans out, they will instead institute a temporary 15.19% common charge hike across the board for all units in the development to pay for these improvements.
Needless to say, this isn’t sitting well with residents and home owners at one of the largest condo developments in the world. Residents have been organizing against this fee and have a rally scheduled for this coming Wednesday, February 10th, at 4pm at 2000 E Tremont Avenue.
Last year, Bronx Borough Developer, I mean President Ruben Diaz Jr called to study three Bronx rail yards for possible decking to spur further development throughout our borough.
Today he has issued the findings of the report which singles out the Concourse Yards in Bedford Park and nixing out the 149th Street yards in Melrose and Broadway Yards in Riverdale as currently logistically unfeasible.
In the first wave of construction in Melrose, over 3,000 units of “affordable” housing were constructed bringing thousands of new residents into the area and making the neighborhood the fastest growing neighborhood in The Bronx and 3rd fastest in New York City as per the 2010 census.
Now Melrose is experiencing its second wave of major construction as the last remaining parcels of what was once empty lots filled with the rubble of burnt out and abandoned buildings are being filled in with new affordable developments and even market-rate developments with over 2.1 million square feet of developments are in various phases of construction