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Thread: Bronx Development

  1. #16
    Forum Veteran krulltime's Avatar
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    Soon to be built where the old Museum is and also accompanied by a residential tower (Last Picture):

    The Bronx Museum Of The Arts:







    Copyright ©1997-2005 Arquitectonica International Corporation

  2. #17
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    Oooh.. good stuff.

  3. #18

    Default Gateway Center



    DAILY NEWS

    http://www.nydailynews.com/boroughs/...p-260021c.html

    Terminate terminal plan: pols

    2 rip 'sweetheart deal'

    BY FRANK LOMBARDI
    DAILY NEWS STAFF WRITER

    The Bronx rumble over a $300 million retail redevelopment of the decrepit Bronx Terminal Market turned nastier and more complex yesterday.

    Two Council members - neither from the Bronx - and other critics of the project demanded an investigation of what they charge is a sweetheart deal the developer is getting from the city and other public agencies.

    But Andrew Alper, president of the city's Economic Development Corp., called the arrangement "totally above board" and a long-thwarted opportunity for the city to bring tax-generating economic development and job creation to the site just south of Yankee Stadium.

    "If they want to have hearings, God bless them," he said. "This transaction is a good transaction for the city."

    The two complaining Council members - Hiram Monserrate of Queens and Charles Barron of Brooklyn - were joined at a press conference on the steps of City Hall by scores of workers from the market and representatives of unions and other opposing groups.

    Barron threatened to use the City Council's power over zoning to thwart the redevelopment - which envisions transforming the ramshackle ethnic food market into the Gateway Center Mall retail shopping complex.

    Calling for Council hearings, Monserrate lambasted the Bloomberg administration for "rolling out" this "scary ... sweetheart deal" for the Related Companies, which now holds the long-term lease on the city-owned, 31-acre site.

    Related's founder and chief executive, Steven Ross, is a close friend of Deputy Mayor Dan Doctoroff, Mayor Bloomberg's chief economic development strategist.

    Monserrate also protested the planned eviction by the developer of the 23 tenants and their 700 workers.

    "We want to know how Related gets these multimillion-dollar deals without any public review," he said.

    The 80-year market lease was awarded by the Lindsay administration in 1972 to landlord David Buntzman. Related Companies last year finally bought out the lease from Buntzman for a reported $42.2 million.

    Alper said Related is now paying the city $250,000 a year in rent, and that would rise to a minium of $500,000 if the development wins land-use approvals.

    The mall project would generate 1,600 construction jobs and more than 2,000 permanent jobs, he said, and ultimately pay the city annual taxes of $21 million.

    Alper acknowledged that the city has agreed to buy back the lease from Related for some $40 million if the mall project falls through. But he said past city officials would have jumped at that prospect to rid themselves of Buntzman and get back his lease.

    Originally published on April 27, 2005


    http://www.bxtimes.com/News/2005/021.../news_T10.html
    FOOD FIGHT
    Bronx Terminal Market
    merchants take on the city
    by Bobby Ciafardini

    http://www.newyorkgames.org/news/archives/004259.html
    March 21, 2005
    Bronx Terminal deal loaded with financial incentives
    Newsday
    Graham Rayman

    http://www.villagevoice.com/news/051...1,62311,5.html
    Market-Rate Giveaway
    Produce merchants get the boot for a City Hall favorite and yet another Olympic stadium
    by Tom Robbins
    March 22nd, 2005 11:54 AM

  4. #19

    Default Grand Concourse & Bedford Park Boulevard

    Grand Concourse & Bedford Park Boulevard
    10 stories
    Build Tech Architects
    Dev-Yoel Movtady
    Residential
    ~50 units
    Under Construction 2005-2006



    Norwood News
    http://www.bronxmall.com/norwoodnews...0324page5.html

    Concourse Building Demolished
    10-Story Structure to Replace It


    By HEATHER HADDON

    In the first major housing complex built on the Grand Concourse in decades, a 10-story building will rise where a former school was knocked down at Bedford Park Boulevard.

    The squat building, most recently owned by Grace Evangelical Lutheran Church, was half demolished as of early last week. Yoel Movtady, a Long Island marketing executive, purchased the site for $625,000 last fall.

    The new development will house roughly 50 units of middle-income housing, predominantly two- and three-bedroom apartments with a few one-bedrooms. The first floor will include some commercial space, which Movtady hopes to rent to doctors or other professionals. A parking lot is permitted for the basement.

    The building is still in the planning phases, and Movtady hasn’t yet devised a timeline for the construction. Build Tech Architects, who have designed many Bronx projects, are drawing up the building’s blueprint. They also designed an 8-story building slated to rise at Perry Avenue and East Gun Hill Road.

    The complex is Movtady’s first real estate development. “I saw that this is an area that could be developed,” said Movtady, who came across the site about a year ago. “The building wasn’t being used … and there should be something built here. We want to bring new housing for families to the area.”

    The structure was formerly home to the Bedford Park Academy, a private school, until Grace Lutheran bought it in 1981. The space hadn’t been actively used recently, with the school’s main site located around the corner on Valentine Avenue. Rev. James Gajadhar, Grace Lutheran’s pastor, did not return calls for comment.

    The entire Grand Concourse, which was planned with a consistent architectural style, hasn’t seen a major new housing development in some 30 years, according to John Reilly, executive director of the Fordham Bedford Housing Corporation. “It’s a big change,” said Reilly, a lifelong Bronx resident. “There have been renovations and conversions, but I can’t think of any new [housing] construction.”

    Given the site’s prominent location, Reilly hopes that the new building will be both attractive and affordable. He didn’t think a 10-story structure would necessarily tower over the surrounding apartments, which are mostly six and seven stories, due to newer construction trends toward shorter stories.


    Movtady is toying with the idea of making the building into condominiums. “We are leaning toward ownership …. but we are still searching to see if there is a market,” he said.

    Community District 7 as a whole has seen a spate of three-family homes constructed recently, reversing the long-standing trend toward rental apartments. “There has been a demand for private homes, so I guess there could be one [for condominiums] too,” Reilly said.

    Movtady hopes so. “If this project is a success, we will try to develop more sites in the area,” he said.

  5. #20

    Default

    New 142-foot antenna tower to be added to high-rise.

    Norwood News
    Fordham Issues Study of Norwood
    Radio Tower Site
    By HEATHER HADDON




    Here's a link to a run down of projects going up in Norwood-Bedford Park.
    http://www.bronxmall.com/norwoodnews...0127page4.html
    NYC developers are getting away with murder.
    Last edited by Derek2k3; May 5th, 2005 at 08:52 PM.

  6. #21
    Forum Veteran krulltime's Avatar
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    NYPOST REAL ESTATE:


    By LOIS WEISS

    One of the largest residential buildings in the Bronx just hit the market for a relative bargain of $83 a foot. Multiply its 430,000 feet to get an asking price of $35.7 million.

    Called the Lewis Morris, after one of the signers of the Declaration of Independence [not one of the former Yankees], the grand apartment house at 1749 Grand Concourse has over 270 apartments and four elevators.

    According to sales broker Marco Lala of Massey Knakal Realty Services, the wealthy families that once inhabited the building used to employ full-time help that lived on the top floor.

    That current SRO space is being converted to "penthouse suites." Even its 6.5 room sprawling apartments still rent for an average under $1,300 a month.


    Copyright 2005 NYP Holdings, Inc.

  7. #22

    Default 1363 Franklin Avenue

    DAILY NEWS
    Complex housing for Morrisania
    BY BILL EGBERT
    May 27, 2005


    http://www.nydailynews.com/boroughs/...p-267999c.html

    A new affordable-housing Bronx development that opened its doors this week is showcasing an innovative approach to serving two sometimes competing housing needs.

    Officials cut the ribbon Wednesday on The Franklin Avenue Apartments in Morrisania, which combines affordable housing for working families with supportive housing for formerly homeless people with psychiatric disabilities.

    The $11.5 million, 66-unit building at 1363 Franklin Ave. boasts a 14,000-square-foot landscaped garden with a children's play area, a library/computer room and even wireless broadband Internet access.

    "A beautiful building like this helps restore dignity to the tenants, the neighborhood and the Bronx as a whole," said Bronx Borough President Adolfo Carrión.

    "These beautiful apartments will provide more than just much-needed housing for Bronxites," he said. "They will further strengthen the economic base and quality of life."

    Tenants with disabilities will have on-site support services provided by Community Access, a-not-for-profit organization that helps people with psychiatric problems transition from shelters and hospitals to independent living.

    Dunn Development Corp., a for-profit developer, took advantage of a variety of publicly funded incentives to make high-quality affordable housing more economical to build.

    Financing, for example, included $9.5 million in low-income housing tax credits and a $2 million construction loan from the Community Preservation Corp., as well as rental subsidies and supportive services funding for the special needs tenants provided by the city Health and Mental Hygiene Department and the Homeless Services Department.

    Community Access and Dunn Development previously worked together on the award-winning DeKalb Avenue Apartments in Bedford-Stuyvesant, Brooklyn.

    Originally published on May 27, 2005

  8. #23

    Default Outlook Point Estates



    Outlook Point Estates , a new condominium complex, provides residents with a view of the water from the first floor patio or the second and third floor terraces.


    Bronx Times
    Luxury condominiums at Outlook Point Estates hit the market
    by Bobby Ciafardini


    http://www.bxtimes.com/News/2005/040.../full_T14.html

    A 67-unit condominium project, Outlook Point Estates, opened its doors to the public last week in Spencer Estates, offering 23 buildings, each consisting of three units with ?rst, second and third ?oor condos available for sale.

    The high-end, gated residential complex is situated on a peninsula, is off Griswold Avenue immediately adjacent to Evers Marina at Outlook Point. The waterfront condominium complex features a host of amenities, including a gym and community room, which both overlook the water, a laundry room and access to the marina for boating and other water activities.

    The condos, which were developed by BDM Builders Inc., are selling for between $495,000 and $725,000.

    To date, four of the most expensive units went off the market and 10 total units have already been sold to prospective buyers in the ?rst week.

    Architect Tony Freda, who designed Shelter Cove---another upscale water-front condominium complex in the area---said he is extremely proud of Outlook Point Estates.

    "These are some of the most beautiful condos you are going to see," he said. "We saw an opportunity to create something special and we are thrilled with the outcome of the project. Outlook Point Estates is de?nitely one of the most luxurious projects we’ve done."

    Ben Walker, the broker for the project, said one of the most attractive details for prospective buyers is the 15-year tax abatement on the property.

    "In other words, buyers only a pay a small portion of tax on the property per year for the ?rst 15 years," Walker said. "During that time, you save quite a bit of money on taxes alone and your estimated maintenance charges range from $157 to $238 a month."

    Walker also said each of the units vary in size and square footage, allowing buyers many options.

    The condos themselves, many of which have skylights and cathedral ceilings, also include all appliances, and each comes with two off-street parking spots.

    All of the second and third ?oor apartments have two terraces — one facing the water and the other facing the center of the complex. All ?rst ?oor units have patios with waterfront access, and a majority of the ?rst ?oor apartments have parking garages. In addition, the main entrance at Outlook Point Estates has a remote control gate with a security camera.

    "The fact that the property is located on a peninsula makes it truly unique and special," said Walker, "but the other amenities are a tremendous addition to the property and add greatly to the enjoyment, safety and comfort of the buyer."

    Walker also pointed out how residents of Outlook Point Estates have access to Country Club and a short commute to Manhattan, Westchester and Connecticut. "You’ll have access to all major highways," he explained. "Buyers will also have access to express lines on buses and trains nearby.

    "It’s a magni?cent property," added Walker, "and we are excited to bring it to the community."

    For more information on Outlook Point Estates, call the broker at (718) 892-2907 or (718) 823-0010.



    http://www.bxtimes.com/news/2000/081...e_News/30.html
    LUXURIOUS LIVING
    8 waterfront homes started

  9. #24
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    Default Hutchinson Metro Addition

    GlobeSt.com EXCLUSIVE: Simone Signs $175M Mixed-Use Agreement
    By John Jordan
    Last updated: June 17, 2005 07:46am

    http://globest.com/news/308_308/newyork/135331-1.html

    WHITE PLAINS-Simone Development Cos. of New Rochelle hopes to break ground later this year on the second phase of its Hutchinson Metro Center property in the Bronx that will include a 10-story tower building totaling 250,000 sf of space. In addition, thanks to an accord reached earlier this week, the firm hopes to begin construction this time next year on a $175-million redevelopment project in the City of New Rochelle.

    Joseph Simone, president of Simone Development appearing at a meeting of the Westchester County Board of Realtors Commercial Investment Division, outlined preliminary plans for the second phase of the Hutchinson Metro Center project in the Bronx. Simone explained that the project would be built on spec. At present, the 460,000-sf Hutchinson Metro Center is approximately 88% leased. Simone said that he expects the former psychiatric facility complex will be 100% leased by year’s end, thus the need for further development at the property.

    Earlier this year, Simone acquired 24 acres at the site that affords the company the right to build another 640,000 sf of office space. No cost estimates on the second phase of the center were released. “We intend at some point to have 1.8 million sf at the site, that is the goal,” he said.

  10. #25
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    I hope the architecture is better on the "tower."

  11. #26

    Default

    Quote Originally Posted by billyblancoNYC
    GlobeSt.com EXCLUSIVE: Simone Signs $175M Mixed-Use Agreement
    By John Jordan
    Last updated: June 17, 2005 07:46am

    http://globest.com/news/308_308/newyork/135331-1.html

    WHITE PLAINS-Simone Development Cos. of New Rochelle hopes to break ground later this year on the second phase of its Hutchinson Metro Center property in the Bronx that will include a 10-story tower building totaling 250,000 sf of space. In addition, thanks to an accord reached earlier this week, the firm hopes to begin construction this time next year on a $175-million redevelopment project in the City of New Rochelle.

    Joseph Simone, president of Simone Development appearing at a meeting of the Westchester County Board of Realtors Commercial Investment Division, outlined preliminary plans for the second phase of the Hutchinson Metro Center project in the Bronx. Simone explained that the project would be built on spec. At present, the 460,000-sf Hutchinson Metro Center is approximately 88% leased. Simone said that he expects the former psychiatric facility complex will be 100% leased by year’s end, thus the need for further development at the property.

    Earlier this year, Simone acquired 24 acres at the site that affords the company the right to build another 640,000 sf of office space. No cost estimates on the second phase of the center were released. “We intend at some point to have 1.8 million sf at the site, that is the goal,” he said.
    Sounds like another squat building with an ok design

  12. #27
    The Dude Abides
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    This is an eye-opening article. I had no idea the South Bronx, of all places, is becoming a trendy, artsy neighborhood, and may soon become a less-expensive version of SoHo. It seems like good times abound in all of the boroughs these days.

    Goodbye South Bronx Blight, Hello Trendy SoBro

    By JOSEPH BERGER

    Published: June 24, 2005

    Last summer, Todd Fatjo stepped out on the roof of a former piano factory in the South Bronx and fell in love with the jagged panorama - the workaday bridges along the Harlem River, the blur and purr of three highways, the rooftop water tanks, the gaudy billboards and the hulking housing projects.

    "It's great at sunset," said Mr. Fatjo, a 29-year-old D.J. who was raised in the countryside of Middletown, N.Y., in the foothills of the Catskills. "I like the industrial scene, the metal, the brick. I've seen enough sunsets over mountains."

    Mr. Fatjo is part of a crop of newcomers, many of them refugees from the rising rents of Brooklyn and the East Village in Manhattan, who are making the South Bronx the city's new cutting-edge address.

    Hundreds of artists, hipsters, Web designers, photographers, doctors and journalists have been seduced by the mix of industrial lofts and 19th-century row houses in the Port Morris and Mott Haven neighborhoods. Some now even call the area SoBro.

    Yes, it's the very South Bronx that had a reputation for grinding poverty, rampant arson, runaway crime and as the starting point of Tom Wolfe's race-relations nightmare, "The Bonfire of the Vanities," which chronicles what happens to a Master of the Universe driving with his mistress in his Mercedes-Benz on a creepy Bruckner Boulevard.

    Well, Bruckner and the blocks nearby now boast two tidy bars that a Master of the Universe would feel more than comfortable patronizing, including one, the Bruckner Bar and Grill, that offers pear and arugula salad.

    There are a dozen antique shops, at least one new lively art gallery, Haven Arts, to join three older ones, and a cafe partly owned by a resourceful Dominican immigrant that sells bourgeois bohemian delights like croissants and veggie wraps.

    There are also the allures of the longstanding Latino and African-American culture - sidewalk dominoes games, flamboyant murals, lush vacant-lot gardens and restaurants with fried plantains and mango shakes - that give the neighborhood a populist authenticity that cannot be matched in the more decorous precincts of Manhattan or Brooklyn.

    Porfirio Diaz, who owns the Maybar Cafe and Piano Bar on Third Avenue, said his new customers are "very happy with Spanish food because the prices are low."

    Still, no one expects the area to become another TriBeCa or SoHo anytime soon.

    The newcomers, some of whom have spent much of their lives abroad or in the hinterlands and are not as easily put off by the Bronx's outdated reputation, say they have felt welcomed. Nevertheless, those welcomes sometimes mask fears by longtime residents that they may someday be priced out of the neighborhood.

    "It's going to attract a class of people whose incomes and lifestyles are going to be radically different from those in the South Bronx, which is one of the poorest areas in the city," said Hector Soto, a lawyer active in developmental and environmental issues.

    Many of those fears coalesced around a rezoning measure passed by the City Council last March that essentially added another 11 square blocks of Port Morris to a five-block zone where, starting in 1997, apartments were permitted among the factories.

    Mr. Soto and other critics - backed by artists and professionals - fought in vain for provisions that would have assured that half of any new apartments be set aside for low-income families.

    Amanda M. Burden, the chairwoman of the City Planning Commission, objected successfully that such set-asides would have discouraged development.

    Neil Pariser, senior vice president of the South Bronx Overall Economic Development Corporation, a nonprofit group that has renovated factories and apartment buildings in the area, acknowledged that some poor people could eventually be displaced, but doubted the relocations would be "wholesale."

    "What you don't want to do is relegate an area that has finally achieved a place in the market to only the poor," he said. "This should be for everybody."

    Indeed, longtime locals have been attracted to the newly available lofts and row houses. Jose Baez, a 36-year-old freelance photographer, rents a 1,000-square foot loft in the Clocktower, the former piano factory, for $1,350. "For what you get here, you get a closet in Manhattan," he said. And local merchants appreciate the infusion of new money.

    Ronald Trinidad, a 27-year-old Dominican immigrant, started the Open House Cafe a year ago with his business partner, Eric Beroff, in what had been a Mexican restaurant, and he sells croissants to artists heading to the subway stop at 138th Street and Third Avenue.

    "Lots of people come here from downtown Brooklyn and ask me, 'Where do I rent?' " he said.

    The area they are beguiled by is dominated by factories like the Zaro's Bread Basket bakery and warehouses like Shleppers Moving and Storage as well as by car washes and gas stations, all framed by the elevated stretches of the Major Deegan Expressway and ramps for the Willis and Third Avenue Bridges.

    Many lofts were forsaken with the decline in American manufacturing, and in the 1970's the neighborhood went into a tailspin of arson, foreclosures and rampant crime.

    City programs reclaimed hundreds of burned and abandoned buildings and built ranch houses and town houses on vacant lots. Crime plummeted. The South Bronx slowly recovered.

    Purnima Kapur, director of the Bronx office of the city's Planning Department, said the "mixed use" rezoning of 1997 had created at least 200 new apartments and other homes.

    Most new tenants are single people or childless couples, so the quality of the local schools - not among the city's most stellar - has not been an issue.

    Although the impact of arriving artists was probably negligible at that point, an analysis of the 2000 census showed that median household income in Mott Haven alone had risen by 29.1 percent in the previous decade and the number of college educated residents by 86.5 percent.

    By 2000, Linda Cunningham, an Ohio-born sculptor whose outdoor installations have been exhibited near the United Nations, felt secure enough about an investment to buy a five-story loft on East 140th Street with two partners for $660,000.

    Now anyone strolling on Bruckner can see boxes of geraniums and satellite dishes adorning the industrial windows of the Clocktower, the five-story red-brick former piano factory that was converted into 75 apartment lofts by a landlord experienced with lofts in East Williamsburg. Those lofts rent for between $1,000 to $2,000, according to Mr. Fatjo, who, in addition to working as a disc jockey at parties, helps pay his Clocktower rent by showing apartments to artists.

    "He talks their language," said Isaac Jacobs, the building's owner. (Mr. Fatjo was the subject of an article in The New York Times last summer about signs that the hipster scene in Williamsburg might be fading.)There are some newcomers who worry that gentrification will lead to an unappetizing blandness.

    "A lot of people in the Clocktower feel a sense of guilt," said Darcy Dahl, an artist whose work is exhibited at Haven Arts. "They feel they are part of the first wave of gentrification and they don't want the second wave to come, but they created it."

    That paradox doesn't bother Mr. Fatjo so much as that he not get caught in a neighborhood that's played out. "This neighborhood is already happening," Mr. Fatjo said. "I may have to move soon."

    Copyright 2005 The New York Times Company

  13. #28

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    Anyone who calls that neighborhood SoBro is a fool. How embarrassing.

  14. #29

    Default

    Quote Originally Posted by Schadenfrau
    Anyone who calls that neighborhood SoBro is a fool. How embarrassing.
    What makes it so?

  15. #30

    Default

    The area already has names: Port Morris and Mott Haven.

    "SoBro" is obviously a term primarily used by desperate real estate agents on their less-savvy clients.

    Frankly, I'd hope that anyone using the term would just stay away. The neighborhood is better off without them.

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