, Thu, September 23, 2021
As the first phase nears completion, a fresh set of renderings has been released of one of the most expensive private development in Bronx history. Developed by Brookfield Properties, Bankside is a $950 million seven-tower complex that stretches across two Harlem River-facing parcels in Mott Haven. New images of the massive development show off the project’s 450-unit rental set to open this year, as well as the new public waterfront park and esplanade.
All renderings courtesy of NYC Department of Housing Preservation & Development
In the Mott Haven section of the Bronx, just a block away from the Madison Avenue Bridge and 138th Street subway station, a new apartment building has all the amenities one could want for a work-from-home life. There’s a cool roof deck complete with a dog run and firepits, a fitness center plus yoga room, game room, movie room, and several co-working spaces. And for those earning 130 percent of the area median income, a middle-income affordable housing lottery has just launched for 65 units, ranging from $2,000/month studios to $2,900/month three-bedrooms.
Rendering courtesy of NYC Department of Housing Preservation & Development
A housing lottery launched this week for 78 units designated for seniors at a new South Bronx rental. Developed by affordable housing operator Breaking Ground and designed by COOKFOX Architects, the building at 445 East 142nd Street, dubbed the Betances Residence, is located within the Mott Haven neighborhood. Eligible applicants must qualify for Section 8 benefits, with rents for the studio and one-bedroom apartments set at 30 percent of household income.
Find out if you qualify
Renderings courtesy of ArX Solutions
The most expensive private development in the Bronx continues to progress. Brookfield Properties announced this month that the final tower at the phase one site of Bankside, a seven-tower waterfront complex in Mott Haven, has topped out. The $950 million mixed-use project takes up two parcels on either side of the Third Avenue Bridge on the Harlem River. Third at Bankside, located at 2401 Third Avenue, has officially topped out and developers have broken ground at Lincoln at Bankside, located at 101 Lincoln Avenue.
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Photo by Nelson Mejia Jr. via Flickr cc
In the Mott Haven section of the Bronx, an affordable housing lottery has launched for 127 apartments, ranging from $522/month studios to $2,037/month three-bedrooms. The units are available to those earning 30, 40, 50, 60, 70, and 80 percent of the area median income. Located at 345 St. Ann’s Avenue, the newly constructed mixed-use building is called Park Haven and offers tenants a laundry room, fitness center, and landscaped terrace. In addition, there will be a grocery store and a community facility on the ground floor.
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All images courtesy of EXR Realty/The Arches
A housing lottery launched on Friday for 129 middle-income units at a new rental project in the South Bronx. The Arches, a pair of 25-story towers on the Harlem River, claims to be the first luxury residential development in Mott Haven, boasting amenities like a landscaped rooftop, indoor movie theater, and fitness center. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which include $2,150/month studios, $2,246/month one-bedrooms, and $2,730/month two-bedrooms.
Find out if you qualify
Image courtesy of Douglas Elliman.
In the bustling and buzzy South Bronx community of Mott Haven, this bonafide loft at 305 East 140th Street is also a 2008 condominium conversion known as Bronx Bricks. Constructed in 1904, the classic loft building features a ground-floor art gallery and adjacent theater performance space, both of which highlight the neighborhood’s vibrant arts community. The 1,290-square-foot unit is asking $839,000.
Just don’t call it SoBro
Rendering of Mill Brook Terrace courtesy of NYCHA
As 6sqft recently reported, “More than 17 percent of New Yorkers are over the age of 60.” Recognizing the need to provide adequate affordable housing for this population, last year, the city committed $500 million to build 1,000 new apartments for low-income seniors. Though the plan has moved slower than hoped, there are new opportunities taking shape, such as this lottery for 83 low-income apartments in the Mott Haven section of the Bronx. The one-bedroom units are available to one- or two-person households in which at least one member is 62 years of age or older, who qualify for NYCHA’s Section 8 program, and who earn between $0 and $42,700 annually. Those who are eligible will pay 30 percent of their income to live in the building at 570 East 137th Street, a new project from Perkins Eastman.
Learn more here
On Saturday April 27, National Bookstore Day, the first independent bookstore in the Bronx–and currently the borough’s only bookstore–held its grand opening bash. As Curbed reports, The Lit. Bar bookshop/wine bar at 131 Alexander Avenue in the Mott Haven neighborhood is a long-anticipated labor of love brought to life by Bronx native Noëlle Santos, who first saw a need when the borough’s last bookstore, a Barnes & Noble, threatened to close. The Barnes & Noble closed in 2016 despite community efforts, but a dream was born.
Find out more about the new literary addition
View from the Grand Concourse; photo courtesy of Dan DeLuca via Flickr.
According to an analysis by Property Shark, the area surrounding the thoroughfare once known as the “Park Avenue of the Middle Class” has seen an elevated housing demand that has brought median home sales prices along with it, showing an increase in just 5 years that ranges from 56.2 percent in Bedford Park to a whopping 124.5 percent in Mott Haven.
Bronx rising, this way