My NYC Black Folk......Gentrification

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Add to the fact East New York got the A train and easy access to Atlantic Ave AND Eastern Parkway AND King Highway.


Basically an express route to anywhere in Brooklyn. Plus the Jackie Robinson:ohlawd:


Clean that shyt up a little and im moving in:mjpls:

That little pocket between hell and gentrified:ahh:




If you have about 50k cash give or take and live in New York id buy there right now, in 5 years you wouldve probably tripled your money with borrowed money you didnt even pay back yet. That healthy skim off the top:ohlawd:
 
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capblk

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EXCLUSIVE: Developer Youngwoo & Associates buys historic Bronx General Post Office building
Screen%20shot%202014-09-04%20at%208.51.37%20AM.jpg

It is not yet known what Young Woo's plans for the 1935 building are, but since they were recently spurned in their bid to turn Kingsbridge Armory into a Chelsea Market-type complex, the speculation is that it will be something along those lines. Earlier this year, local Bronx blog Welcome2TheBronx imagined what the redeveloped Post Office could be like in this very scenario, filled "with the aroma of the cuisines of Albania, Ghana, Dominican Republic, Puerto Rico, Italy, Bangladesh, India, Jamaica, Ireland, Nigeria, Mexico, and all the many other ethnicities that our borough is home to." The plan, they wrote, could work because: The building is located right next to the 149th Street and Grand Concourse subway station on the 2,4, and 5 express trains which sees over 4 million passengers annually. Just one stop North on the 4 train is 161st Street and River Avenue, right next to Yankee Stadium, which has a ridership of almost 9 million a year and one stop East on the 2 and 5 Line you have 3rd Avenue and 149th Street Station with 7.5 million riders annually.

http://ny.curbed.com/archives/2014/09/04/young_woo_associates_buys_bronx_general_post_office.php
 

Cave Savage

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What the hell's been going on in the Bronx the last week or so, NYC brehs? I know it isn't shyt compared to the 80s or 90s but there seems to be a recent spike of crime, lots of people getting stabbed lately.
 
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Scientific Playa

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Scientific Playa

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courtesty of lsa and original source



Black population plummets as gentrification rolls up the Charleston peninsula
Kurt Walker likes seeing new restaurants popping up and white families with baby strollers walking along the street in his Wagener Terrace neighborhood, but he also fears that black residents are being pushed out as the neighborhood gentrifies.

Walker, who is black, inherited his Peachtree Street house on the Charleston peninsula from his grandmother and has watched the upper west side neighborhood change dramatically. The community had a large black majority - like the entire peninsula once - but it's now the most racially mixed neighborhood downtown.

Since the 1980s, there's been a stunning decline in the number of blacks living on the peninsula. Some neighborhoods - Wagener Terrace, Hampton Park Terrace, and Cannonborough/Elliottborough - lost roughly half of their black population in just one decade, starting in 2000.
Economic forces and demographic change - gentrification - are quickly transforming the upper Charleston peninsula. Those neighborhoods are the last downtown refuges of the middle class, and they have been increasingly attracting real estate investors, student renters, and affluent young adults seeking a more urban lifestyle.

The resurgence of urban centers is a national trend, readily apparent from Brooklyn, N.Y., to Portland, Ore. It's also a generational trend, a reversal of the "white flight" that saw a predominantly white middle class move from cities to suburbs in the 1960s.

In downtown Charleston, that trend has been picking up speed.

Ten years ago, half the single-family homes sold on the peninsula north of the Septima P. Clark Parkway (the Crosstown Expressway) sold for $170,000 or less. So far this year, half have sold for at least $325,000.

While home prices have been rising fast, much of the peninsula's population change is due to rising rents. Most peninsula residents are renters and the voracious demand from college students, who now account for about a third of the peninsula's population, has driven prices higher.

Downtown Charleston's relatively small number of homeowners - particularly longtime owners in the upper peninsula, who tend to be black - are solicited with real estate offers so frequently that some feel they are being pressured to move.

"Don't you ever come on my porch again or I'll call the police," Hampton Park Terrace resident Lesheia Oubre told one man who walked up to her front door with a note offering to buy her house.


Robert Mitchell, a black North Central resident who owns a house on King Street near Huger Street and serves on Charleston City Council, said he's advised constituents to post "no trespassing" signs.

"The people buying these houses are buying them as investments," said Mitchell. "They are coming to people who have had their homes for a while, and in these communities, those are African-American people."


Mitchell said his family sold his late father's property near Rutledge and Line streets to a cash buyer, who fixed it up and resold it. But Mitchell has no plan to sell his own house.

"The only reason I am still here is I bought this house in 1985," said Mitchell. "I get three calls a week from people asking to buy my house."


Around Hampton Park, strong demand for homes drove up the median sale price by $50,000 in just the past year.

"That neighborhood, it is on fire," said Carolina One Realtor Stephanie Wilson-Hartzog, who lives in Wagener Terrace. "It is back, and everyone wants to be there again."

'War of attrition'

Until the 1960s, Wagener Terrace was a white neighborhood in the still-segregated city. Peachtree Street, where Walker lives today, was populated exclusively by white residents in 1961, according to Nelsons' Directory of Charleston, which noted the race of each resident.

Black residents went to black schools and shopped in black shopping districts, such as upper King Street - now a trendy dining and shopping area with few older businesses left.

The schools were desegregated in the 1960s, the same decade when nearly half the white population vanished from the peninsula. It was part of the nationwide trend dubbed "white flight" wherein the white middle class moved, seemingly en masse, from cities to places such as West Ashley.

The post-World War II baby boom was in full swing, developers were essentially inventing the suburbs and the government was paving new roads to get there. Interstate 26, the Crosstown Expressway, and the now-demolished three-lane Pearman bridge between Charleston and Mount Pleasant were all built on the peninsula in the 1960s. These projects provided easier ways for people to commute but also tore through urban neighborhoods.

Now that the pendulum is swinging back, and more people want to live in urban centers, competition for limited amounts of real estate can be intense. In some ways, Charleston's peninsula is like a miniature San Francisco, or Manhattan; the relatively small center of a large and popular urban area, mostly surrounded by water, and increasingly expensive as demand exceeds the supply of housing.

There are about 5,000 single-family homes on the peninsula, a small number that helps explain why Walker has found photocopied notes slipped under his door mat three times offering to buy his home.

"If you are thinking of selling your house, I am a cash buyer and will pay you a good price for it," one note said, promising a $20,000 down payment and the balance whenever Walker decided to move.

Walker, a Burke High School graduate, said his grandmother bought the house in 1982. Like many black residents of this part of town, his house has been in the family for many years.

"Don't sell your mamma's home, it's the biggest investment you have," City Councilman William Dudley Gregorie often tells constituents.

Gregorie, a black former mayoral candidate who was a U.S. Department of Housing and Urban Development administrator, doesn't see anything sinister behind the big drop in the peninsula's black population.

"I think it's happening through natural economic forces," he said. "But I think we have a responsibility to make sure people who built it (the city) have a piece of it. Otherwise, we lose what the city is."


The more than 55 percent drop in the black population during the past 30 years was essentially the flip side of what happened during the previous 30 years, between 1950 and 1980, when nearly two-thirds of the peninsula's white population disappeared.

There are far fewer white residents on the peninsula today than in the mid-20th century - about half as many - but the plunge in the peninsula's black population since 1980 has been so large that in 2010, the population became majority white again for the first time in 60 years.

"The number of black families that leave aren't replaced by black families," Walker said. "It's a war of attrition."

Full Article: http://www.postandcourier.com/articl...-the-peninsula
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