, Fri, September 16, 2016
Image © Thomas X. Casey, BronxNYC
A recent report from the New York Building Congress outlined how the Bronx had outpaced four-year frontrunner Brooklyn for the most residential permits issued, which was attributed in large part to the affordable housing push in the borough. And a story in the Times today takes a wider look at the borough’s resurgence, noting that this building boom has led to a “population comeback” not seen since the 1970s.
All the stats, this way
, Thu, September 15, 2016
On Wednesday the New York City Council voted to approve the La Central development project in the Melrose section of the Bronx, the Daily News reports. The project, which will be designed by FXFOWLE architects, is slated to bring 992 apartments to the borough, all of them designated as affordable housing under Mayor de Blasio’s mandatory inclusionary housing (MIH) legislation. It is the biggest project to be approved to date under the MIH rules, which require some income restricted apartments in projects that need the city’s approval.
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The well-tended Fieldston Historic District–one of New York City’s only privately owned neighborhoods–in the Bronx neighborhood of Riverdale is considered one of the city’s best-preserved early 20th century suburbs, unique for its collection of revival-style Tudor, Mediterranean, and Colonial homes. One of those homes, an unassuming but charming Tudor at 4746 Iselin Avenue, is now on the market for $2.1 million. In addition to suburban tranquility with a New York City address, the home comes with a jazzy footnote of fame: It was once home to legendary jazz singer, bandleader and Cotton Club regular Cab Calloway, who died in 1994 at the age of 86.
Built in around 1932, the house offers five bedrooms, original details, lovely restorations and lots of modern comforts–all just twenty minutes from Lincoln Center. The home consists of two stories for living and entertaining and some particularly magical outdoor spaces for gardening and relaxing.
Tour this Bronx historic gem
When 6sqft shared views yesterday of how a trio of new residential towers will alter the South Bronx skyline, we also looked at developer Keith Rubenstein’s ambitious, albeit misguided, plans to rebrand the neighborhood. After dubbing the area “the Piano District” and throwing a party that made light of the troubled “Bronx is Burning” days of the 1970s, locals criticized his insensitivity and blatant attempts to accelerate gentrification. In addition to the aforementioned project, which will yield a total of six towers, Rubenstein is planning a food and beer hall nearby. And he’s not the only one turning to this new frontier. Other seemingly “trendy” establishments that have opened up in recent years include the Bronx Brewery, Bronx Baking Company, a slew of coffee shops, and the Port Morris Distillery, and there’s the plan to transform the Bronx General Post Office into a dining/drinking/shopping destination.
But on the other side of the coin, the Bronx has been a hotbed for affordable housing development. In fact, the borough was issued the most residential permits in the city during the first six months of 2016, likely due to the fact that 43 percent of units under Mayor de Blasio’s affording housing plan that began construction during this time were in the Bronx. But is this enough to preserve the diverse culture and demographics of the South Bronx, or is it poised to become the next “it” neighborhood?
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Controversial South Bronx Developer Keith Rubenstein of Somerset Partners, along with the Chetrit Group, received approvals earlier this summer for a two-site, six-tower, mixed-use master plan on the Mott Haven banks of the Harlem River. This is the same project that Rubenstein touted as part of his campaign to rebrand the southern portion of the borough as the “Piano District,” a marketing ploy that nodded to the piano manufacturers that dotted the area 100 years ago, but that featured a misguided party with burning trash cans and a bullet-ridden car, referencing the horrible “Bronx is burning” days of the 1970s.
Contention aside, the development is moving ahead, and CityRealty.com has a 360-degree look at how the first site’s three towers (two at 20 stories and one at 25) will transform the South Bronx skyline. These buildings at 2401 Third Avenue will rise just to the northwest of the Third Avenue Bridge, the former site of an 1880s iron works building that will soon boast $3,500/month apartments.
More details ahead
Leave it up to Riverdale to supply some of the most jaw-dropping, “is it really in New York City?” properties. This Greek Revival mansion looks like it belongs upstate, but it’s located right here in the Bronx, in a neighborhood known for impressive properties with views. The home is situated on the top of the hill, so it has prime views of the Hudson River and the Palisades. The interior, which boasts five bedrooms, isn’t too shabby, either.
See inside the mansion
The New York City Planning Commission has voted to approve a boutique condominium project on Manhattan’s west side without the mayor’s new Mandatory Inclusionary Housing plan in place, the New York Times reports; a much larger development in the Bronx also got the green light, and will be among the first to be included in the new affordable housing program.
6sqft reported previously on the controversy over whether a 17-story condominium slated to replace a parking lot and two low rise buildings at 6th Avenue at West 18th should be among the first recipients of the mayor’s new mandatory inclusionary housing (M.I.H.) program. Both the city and the project’s developers, Acuity Capital Partners, made the argument that the proposed project is “more of a rejiggering of the zoning than an enlargement,” and therefore does not fall under the M.I.H. rules.
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While the Bronx has been busting at the seams with affordable housing lotteries, most of them have been clustered in the southern areas of the borough. The latest, however, takes us up to the historic Fieldston neighborhood of Riverdale, considered one of the city’s best preserved early 20th century suburbs. These nine available units, $1,230/month one-bedrooms and $1,403/month two-bedrooms, may not be located in one of the area’s signature revival style homes, but they are in a brand new building at 6155 Broadway, right on Van Cortlandt Park and steps away from the prestigious Horace Mann school.
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The Bronx is booming when it comes to affordable housing. In fact, as 6sqft recently reported, more than 43 percent of the units under Mayor de Blasio’s affordable housing plan that began construction this year were in the borough. The latest is located at 12907 Southern Boulevard in the East Tremont neighborhood, just a short walk to the Bronx Zoo. Starting tomorrow, qualified New Yorkers can apply for three $956/month one-bedrooms and three $1,080 two-bedrooms. Developed through the city’s 421-a program, the eight-story building has an elevator, laundry room, and bicycle parking.
The third largest park in the city (behind Pelham Bay Park and the Staten Island Greenbelt), Van Cortlandt Park is not only adjacent to Woodlawn Cemetery, the New York Botanical Garden, and the Bronx Zoo, but it’s also home to the country’s first public golf course, the oldest house in the borough, and the city’s largest freshwater lake. If living near this 1,000+ acre oasis sounds appealing, an affordable housing lottery has just launched for 24 brand new units at 3677 White Plains Road in the Olinville neighborhood. One bedrooms are going for $1,292/ months and two-bedrooms for $1,458.
Find out if you qualify here