Tag: Market Rate Housing

Melrose Construction Boom Hits Neighborhood Again; First Market Rate Development Coming to The Neighborhood

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