Rendering via L+M Development
A housing lottery has just launched for 223 mixed-income apartments in the new South Bronx building located at 1520 Story Avenue, known as Story Avenue West. The rental building is one of two new structures at the site, part of the Lafayette-Boynton residential complex in the Soundview neighborhood, developed by Nelson Management Group and L+M Development Partners. Qualifying New Yorkers earning 30, 50, 60, 90 and 110 percent of the area median income can apply for the units, which range from $389/month studios to $2,066/month three-bedrooms.
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Estella Diggs Park via NYC Parks
A housing lottery launched this week for 32 affordable apartments in the Morrisania neighborhood of the South Bronx. The new building located on the corner of Third Avenue at 545 East 166th Street sits on the same block as the recently-expanded Estella Diggs Park, which has greenery, pathways, and new play equipment. Qualifying New Yorkers earning 40, 50, 60, or 80 percent of the area median income can apply for the units, ranging from a $590/studio to a $1,643/month two-bedroom.
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Rendering via L+M Development
A housing lottery launched on Monday for 211 mixed-income apartments in a new South Bronx building. Located at 1530 Story Avenue, the rental is part of the Lafayette-Boynton residential complex in the neighborhood of Soundview and is one of two new structures at the site developed by Nelson Management Group and L+M Development Partners. Qualifying New Yorkers earning 60, 90, 95, and 125 percent of the area median income can apply for the batch of units, which range from $865/month studios to $2,184/month three-bedrooms.
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, Mon, September 17, 2018
Via Nelson Mejia Jr. on Flickr
Out of the 20 New York City neighborhoods with the most residential units approved within the past year, seven of them are in the Bronx, more than any other borough. According to a new report from Localize.city, a group that analyzes data related to housing, 13 percent of all approved apartments between 2010 and 2015 were in the Bronx. In the first half of 2018, the Bronx had 27 percent of the city’s share of approved new units. While a majority of new buildings in the borough are affordable, increasing land prices could mean more market-rate projects are on the horizon, the New York Times reported.
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, Fri, September 14, 2018
Rendering of 764 East 152nd Street via UA Builders Group
We’ve seen it all over Manhattan and Brooklyn–brokers come up with bizarre acronyms and new directional cues to hip-ify (aka gentrify) a neighborhood. Most recently, they tried their hand at SoHa–South Harlem, which certainly didn’t stick. And now the trend has spread to the Bronx, though this time it’s the NYC Department of Housing Preservation and Development behind the new moniker. In their defense, “Mott Haven North,” was probably chosen for the latest affordable housing lottery based on their 1994 Mott Haven North Urban Renewal plan, but with this South Bronx neighborhood rapidly gentrifying, it’s a slippery slope. Regardless, there are eight $1,379/month one-bedrooms up for grabs at 764 East 152nd Street, which, according to maps, is in the Woodstock area.
More info ahead
A previous rendering of 101 Lincoln Avenue via Hill West Architects
The most expensive transaction on record for a development in the Bronx officially closed Wednesday, after Brookfield Property Partners picked up the two sites for $165 million from Somerset Partners and Chetrit Group. Originally, Somerset and Chetrit planned for all of the development’s 849 residential units to be market rate, and while Brookfield intends to keep the same number of apartments, they are designating 30 percent of them affordable, according to the Real Deal.
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Via Wiki Commons
The second housing lottery to open today in the South Bronx’s Longwood section is at Thessalonia Manor, a two-building affordable project adjacent to the Thessalonia Baptist Church. The 120-unit development, from Urban Builders Collaborative and CMC Development, was announced two years ago, and now households earning 60 percent of the area median income can apply for 83 of the units, ranging from $929/month one-bedrooms to $1,289/month three-bedrooms. Like the earlier lottery, the buildings at 960 Prospect Avenue and 961 Reverend James A. Polite Avenue are right near the family-friendly Bill Rainey Park and the 2 and 5 trains at Intervale Avenue. The buildings offer on-site laundry, a community room, courtyard, and roof top terrace.
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A recently completed 29-unit rental at 915 Dawson Street in the Longwood section of the South Bronx has opened up an affordable housing lottery for nine middle-income units reserved for households earning 130 percent of the area median income. The 1,404/month one-bedrooms and $1,575/month two-bedrooms not only offer the chance to live in a lovely new building, complete with a recreation room, laundry room, and parking, but the location just off Bill Rainey Park is the perfect enclave for families. The park has a baseball field, football field, and playground, and just a few blocks away are the 2, 5 trains at Intervale Avenue and the 6 at Hunts Point Avenue. Plus, the New York Public Library’s Hunts Point branch is close, as are a myriad of schools, including Longwood Preparatory Academy, Success Academy Middle School, PS 333 The Museum School, PS 39, and PS 130.
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Via NYC Ferry
A new ferry route connecting the South Bronx and Wall Street launched on Wednesday, the first-ever ferry service between the two boroughs in the 21st century. The new route starts at Clason Point Park in Soundview and makes stops at East 90th Street, East 34th Street and ends at Wall Street’s Pier 11. The entire trip takes about 45 minutes. “The new Soundview ferry will cut commute times in half for thousands of Bronxites,” Mayor Bill de Blasio said in a statement. “Our all-of-the-above approach to transit gives New Yorkers reliable options to get where they need to go.”
Photo via Wikimedia
It’s no surprise the Bronx ranks as the fastest-growing county in New York. In the last year alone, plans announced for the South Bronx have included the city’s first soccer stadium, a 1,300-unit residential project on the waterfront, a development with Hip-Hop museum and food hall and a $10M revitalization investment from Gov. Andrew Cuomo. Furthering the area’s development boom, a study officially launched last week to look at the expansion of Metro-North service East and South Bronx communities, including Hunts Point, Parkschester/Van Nest, Morris Park and Co-op City.
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