Bronx development

Real Estate Wire

University Heights Bronx
  • William Randolph Hearst’s penthouse apartment at 91 Central Park West is back on the market for $27.5 million after Giorgio Armani’s deal fell through. [Curbed]
  • An abandoned industrial lot on the Bronx waterfront could become the next mega residential development for $30 million. [NYDN]
  • Fifth Avenue is the world’s most expensive retail address, overtaking Hong Kong’s Causeway Bay as the frontrunner. [Bloomberg]
  • Williamsburg factory to become hedge fund CEO’s mansion. [Brownstoner]
  • Million Dollar Listing star Frederik Eklund announced that his team had more closings this year than any other in Douglas Elliman’s history. [TRD]
  • Upper East Side mansion full of art and artifacts once listed for $27 million is set to come back as a $65,000/month rental. [NYDN]

Images: Rendering of what could come to the Bronx waterfront via Greenberg Farrow (L); Fifth Avenue via Scorpions and Centaurs via photopin cc (R)

Bronx, New Developments, People

Maksym Rokhmaniiko, Hunts Point Revival, AutoDesk, Spofford Juvenile Center, Majora Carter

Tribeca has adaptively reused its former manufacturing lofts; Gowanus its factories; and Long Island City its bakeries. Now, Hunts Point might be added to the adaptive reuse list for its conversion of a former jail.

Urban revitalization strategist and public radio host Majora Carter is aiming to transform the Spofford Juvenile Center into a combination of mixed-income housing, open space, and economic development, a formula she feels would appeal to the neighborhood.

More on Carter’s vision and the transformative project