StreetEasy has issued a report on average housing costs and incomes broken down by NYC…
New York City Housing Authority’s 178,000 units spanning The Bronx and all the 5 boroughs of our city are in deplorable conditions.
There is no doubt in anyone’s mind that having to live in such conditions has negative impacts on families who are simply trying to get by.
Now, United States Attorney Preet Bharara’s office is, “…conducting a sweeping investigation of environmental health and safety conditions, including cases of elevated blood lead levels, in public housing and homeless shelters and the possibility that the New York City housing and homeless agencies filed false claims to federal housing officials for payment related to the conditions.” according to the New York Times.
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.
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.
On Bronx AM Links we have stories on standing proud of being from the South Bronx, Supreme Court Justice Sonia Sotomayor and how she almost pulled away from the confirmation process, and Councilmember Ritchie Torres on controversial plans for New York City Housing Authority (NYCHA) plans for infill at public housing to create market rate and “affordable” housing on its properties.
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?
Our Bronx Borough President Ruben Diaz Jr must think that the public isn’t watching, paying…
The Daily News just released an exclusive report on how some affordable tenants are paying high rents—something we’ve been saying all along how “affordable housing” isn’t truly affordable.
Just this year Courtlandt Corners, an “affordable housing” development in Melrose (built by Phipps) began calling one of their buildings The Upton in a media campaign that would pop up in online ads calling it “affordable luxury”.
“Nearly half of the affordable apartment tenants in a new survey say they’re now spending more than 30% of their income on rent — a level considered “rent-burdened.”
A stunning 14% say they’re spending more than 50% of their income on rent, which makes them “severely rent-burdened.”
The findings emerge in a report to be released Wednesday by the housing advocates Real Affordability for All.
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
Let’s face it: We already knew that developers were going to set their eyes on The Bronx, often called “The Last Frontier” by real estate developers and moguls due to The South Bronx’s proximity to Manhattan and excellent transportation network but as speculative purchases are made on properties far more than their actual worth, is it over for those trying to make a quick buck on our back?
198 E 135th Street, which was owned by storage company CubeSmart, was sold on May 12, 2015 for $15,470,000 to Deegan 135 Realty LLC.
Coming Soon: Bushwick…If We Let It.
The following is syndicated from CityLimits and is very appropriate and applicable to The Bronx as signs of gentrification continue to manifest itself in the South Bronx. Is this what Bronx residents have to look forward to as developers are given free reign by our politicians to come into our neighborhoods and development with rampant disregard?
New York City has become a sterile, cookie-cutter “suburban” city. Neighborhoods in Manhattan and many parts of Brooklyn no longer have a distinct character or are losing them and becoming more homogeneous. Is this what we really want to happen to The Bronx?