A year and a half ago, the nonprofit Unique People Services broke ground on Lynn’s Place, an affordable and supportive housing project in the South Bronx.The $25 million+ project was financed by the city and various organizations and will feature community space on the ground floor, a sunken courtyard, a landscaped back yard, and a seventh-floor green roof, in addition to on-site support services. Of its 69 units, 42 are set aside for individuals with a mental illness or those who were formerly homeless. The remaining apartments are reserved for those earning 50 or 60 percent of the area median income. Ranging from $710/month studios to $1,107/month two-bedrooms, they’ve come online through the city’s affordable housing lottery as of today.
The South Bronx is arguably the city’s largest hotbed of new affordable housing development, and the latest chance to live in the up-and-coming ‘hood for less than market rate starts today for 124 units at 530 Exterior Street in Mott Haven. Here, New Yorkers earning 60 percent of the area median income can apply for apartments ranging from $822/month studios to $1,224/month three-bedrooms. The 13-story building is part of a larger, mixed-use project, right near Mill Pond Park on the Harlem River and the 145th Street Bridge to Harlem. The other two components are a similarly low- and moderate-income housing building at 491 Gerard Avenue and a 152-room Hampton Inn hotel with commercial space and ground-floor retail.
Photo via Wikipedia
Located in the evolving Melrose neighborhood of the South Bronx, eight newly constructed units are available to rent at 407 East 160th Street. As the Bronx continues to undergo major residential and commercial development, Melrose sits as the epicenter of these changes. It has a bustling district known as the Hub, or the Times Square of the Bronx, which features many retail stores, restaurants and entertainment options. New Yorkers earning 80 percent of the area median income can apply to rent four $1,348/month one-bedrooms and four $1,521/month two-bedrooms.
Conceptual rendering courtesy of Raft Architects
While many residential and commercial projects are underway in the South Bronx, the neighborhood continues to lack diverse food choices for its residents. Hoping to bring more variety to the Hunts Point community, Majora Carter--a revitalization adviser and developer who’s also behind the nearby transformation of the former Spofford Juvenile Detention Center into a $300 million mixed-use affordable housing complex–is partnering with Slayton Ventures to create a hip new dining spot in an empty railway station. As reported by the Wall Street Journal, the $2 million project will restore the former Amtrak-owned building, which was designed by Cass Gilbert, beginning this summer and is expected to be completed in the fall.
Bronx Commons via Danois
The $160 million Bronx Commons mixed-use development, located in the borough’s Melrose neighborhood, broke ground in January. When complete, it will combine affordable housing, retail, landscaped public space, and a 300-seat music and arts venue known as Bronx Music Hall. As 6sqft previously reported, the Hall was envisioned as a way to celebrate and revitalize “the deeply rooted history of cutting edge Bronx music,” which nonprofit developers WHEDco and BFC Partners also hoped to address by setting aside 15 percent of the 305 below-market rate apartments for older musicians. But as the Times explains, despite the South Bronx’s past as a hub for jazz and doo-wop music venues and sidemen, the city says this may be in violation of fair housing laws that prohibit preferences based on age or race.
Not only did the Times recently name the South Bronx one of this year’s hottest travel destinations, but the up-and-coming ‘hood has become a hotbed for new development. Many of these include affordable housing, which is the case at Bronx Commons, a mixed-use development in the Melrose Commons neighborhood that broke ground this morning. The $160 million project includes 305 all-affordable apartments, retail, and a landscaped public plaza, all of which will be anchored by the Bronx Music Hall, a new 300-seat venue that will serve as an “arts-centered community hub focused on the deeply rooted history of cutting edge Bronx music,” according to a press release from developers WHEDco and BFC Partners.
In addition to far-flung and exotic locales such as Kazakhstan, the Great Barrier Reef in Australia, Sikkim, India, and Marrakesh, Morocco, the New York Times has added to its list of “52 Places to Go in 2017” several cities across the U.S. on the cusp of gentrification or about to make a comeback. One of these is the South Bronx, subtitled as “an industrial neighborhood’s revival.” They point to the ‘hood’s declining crime rates, wave of new development, and, of course, burgeoning foodie scene.
As the city’s land costs rise, interest has been focused on the South Bronx, including the potential for a huge waterfront development above the MTA’s Concourse Yards, as 6sqft previously reported. Now, Crains reports that Empire State Development (ESD) has invited developers to present offers for leasing or purchasing a 13-acre South Bronx rail yard along the Harlem River just north of the Willis Avenue Bridge and decking it over to build a residential or mixed-use project.