My NYC Black Folk......Gentrification

[ogc163]

http://ny.curbed.com/archives/2015/..._to_rename_south_bronx_the_piano_district.php

There's a new plan for a South Bronx waterfront project that's being looked toward as an economic catalyst for the area. Originally conceived as a development with up to six 25-story waterfront towers, Keith Rubenstein's Somerset Partners and the Chetrit Group have fine-tuned their vision for the waterfront parcels at 2401 Third Avenue and 101 Lincoln Avenue to include just two 25-story towers with ground and second-floor retail space topped by 1,600 apartments, Architects + Artisans reports. The development site spans about 1.5 acres, and Rubenstein thinks the project will consume about 1.3 million square feet and cost between $300 and $400 million. Welcome2theBronx earlier speculated that Chetrit, the former partial owner of Chicago's Willis Tower, would pump some of its earnings from the sale into developing the massive project. Permits have yet to be filed for the sites.

In March, the director of special projects for the South Bronx Overall Economic Development Corp told the Journal that once the project gets underway, the area will likely become something akin to "Williamsburg meets Dumbo." Keith Rubenstein has taken kindly to outsiders and onlookers referring to the South Bronx as "The Next [Insert Brooklyn Neighborhood Here.]" Rubenstein has followed suit and renamed a section of the already-named neighborhood of Mott Haven "The Piano District." His reasoning, according to Architects + Artisans, revolves around the neighborhood's history as an epicenter for piano production in the early 1900s, "[V]irtually all the pianos made in America—with the exception of Steinways—were made here."

 

[360dagod]

Nah I have family that live on Courtland and Beekman, it is not as crazy as it was several years ago. Morrisania (Forest, McKinley, Boston Rd.) is still in 1994 mode.

Forest calmed down somewhat..

I havent stepped foot in McKinley since like 03..I really have no reason to be over there for anyone or anything.



B.Road is prolly still the same..My cousins be over there...

Alot of these nikkas played ball together and are now enemies..

 

[ogc163]

http://www.wsj.com/articles/reviving-the-south-bronx-waterfront-1425862978

One of the first things about the South Bronx’s Mott Haven neighborhood that grabbedKeith Rubenstein was the waterfront and its views of Manhattan.

As the real-estate developer explored the area more, he found an artistic crowd, a host of new restaurants and charming old buildings from a long-ago robust era of manufacturing.

In the past four months, Mr. Rubenstein’s Somerset Partners LLC and the Chetrit Group have come together to buy about 5 acres along an industrial stretch of the Harlem River west of the Major Deegan Expressway.

Somerset and Chetrit are planning a residential community that could have as many as six 25-story towers with market-rate apartments and ground-floor retail space. And they are looking for more sites to buy in the Mott Haven neighborhood.

“What we think we can do for the waterfront is set the tone for the next wave of developers,” said Mr. Rubenstein. “This [place] had character and already had a scene, so you are taking something good and adding to it.”

Local officials and community advocates echo that sentiment and say the joint venture could finally provide the big push for a long-envisioned redevelopment of that stretch of the waterfront.

Bronx Borough President Ruben Diaz Jr., for example, calls the Somerset-Chetrit project a potential “catalyst” that would allow big developers to reimagine the South Bronx.

The waterfront also can benefit from the real estate recovery, which is pushing up prices in other boroughs.

“The recent discovery of the Bronx Waterfront makes perfect sense in today’s real estate environment,” said Douglas Harmon, a senior managing director for Eastdil Secured and an adviser to Somerset. “Many developers are being priced out of Manhattan, Brooklyn and Queens.”

The land purchased by Somerset and Chetrit—$58 million for 2401 Third Ave. and 101 Lincoln Ave.—sits just south of the Special Harlem River Waterfront District, which was created in 2009 to encourage private residential, retail and commercial projects as well as public spaces on underutilized land.

A nearby stop for the 6 train as well as the quick access to Manhattan from several roads made the sites attractive, and the area already had a distinct vibe from its eclectic mix of residents and workers—from movers to artists to professionals.

“I like the idea of an integrated demographic that has artists, professionals and working class,” Mr. Rubenstein said.

In November, the first phase of a waterfront area analysis released by the South Bronx Overall Economic Development Corp. estimated a redevelopment that included the Somerset and Chetrit properties could accommodate as much as 2.8 million square feet of affordable and market-rate apartments; 2.3 million square feet of office, retail and light manufacturing space; and 1 million square feet of public space, including a shoreline walkway, parks or recreation centers.

Overhauling the area would cost at least $500 million in private investment and at least $200 million in local, state and federal funds, with a percentage from developers for roads, sewers, flood prevention measures and work to integrate a freight rail line with the public areas.

The redevelopment received a boost from Mayor Bill de Blasio last month when he announced New York City would make a $200 million capital investment in the Lower Concourse neighborhood, which includes the waterfront area.

“Once the Somerset [Chetrit] project gets under way, I think you will see a total turnaround of this area,” said Michael Brady, director of special projects for the South Bronx Overall Economic Development Corp. “I think you will find this area becomes Williamsburg meets Dumbo.”

The comparison to the transformed Brooklyn neighborhoods is a familiar one. Mott Haven was depicted as the next up-and-coming neighborhood in the mid-2000s, but the recession slowed that transformation.

In the early 2000s, Carnegie Management Inc., which had developed residential sites in Brooklyn’s Williamsburg and Bushwick neighborhoods several years earlier, redeveloped the five-story Estey Piano Co. factory on Lincoln Avenue.

Carnegie Management paid about $5 million for the landmarked building and turned it into 90 loft-style apartments, said Isaac Jacobs, the company’s vice president. Now known as the Clock Tower, the apartment complex is virtually fully leased.

Back then, many in the community thought similar apartment conversions would take off. But the financial crisis stalled activity and forced Carnegie to put plans for another residential building on hold.

Now, though, the strengthening economy has the company back on track. It has resurrected its plans for a 150-unit building behind the Clock Tower and intends to construct a 170-unit building a few blocks away, at 82 Willis Ave.

Other developers, large and small, also are moving forward with waterfront area work.

Around the corner from the Somerset and Chetrit properties is an old furniture store and warehouse that is being redeveloped by its owner, the family of Lewis Katz, the co-owner of the Philadelphia Inquirer newspaper who died in May. The family, which is partnering with Maddd Equities LLC on the project, is considering a wide range of uses for the property, including a tech campus, said Drew Katz, Mr. Katz’s son and the chief executive of Interstate Outdoor Advertising, which owns the rights to the well-known signage above the building.

Hornig Capital Partners and Savanna, both real estate investment companies, have bought 2415 Third Ave., an eight-story loft building that they plan to remodel for about $12 million. The partners intend to revamp the commercial space to house a mix of businesses, including art studios, workshops, light manufacturing, technology, and food and crafts production, a spokesman said.

Smaller developers Bill Bollinger and Joshua Weissman have joined forces to build a four-unit apartment building with retail space on the ground floor at 55 Bruckner Blvd. They also have started construction on another small apartment building at 136 Alexander Ave. and are working with another developer to build 15 units in two buildings across the street, at 131-135 Alexander Ave.

“This section of the South Bronx is already changing dramatically,” said Tom Farrell, a managing director at Savanna. “…We view our investment in 2415 Third Ave. and the upcoming developments by the Somerset/Chetrit Partnership as a big next step forward.”

 

[capblk]

South Bronx Building Value Doubles in Recent Sale

An investor has paid $1.8 million for a mixed-use Bronx building, hoping to capitalize on a swath of development in the southern portion of the borough, Commercial Observer has learned.

Arkadia Property Group closed Wednesday on its purchase of 51 Bruckner Boulevard, a four-story building with 700 square feet of retail space, according to Ariel Property Advisors. The price tag is double the $900,000 price the building last traded hands for in late 2007. Ariel declined to provide the seller’s identity, but the owner is listed in property records as Al Dog Enterprises.
The retail space in 51 Bruckner Boulevard is currently empty. Mr. Gold said a tenant for that spot won’t likely be a laundromat or bodega synonymous with the Bronx, but a coffee shop or another hangout spot for young professionals relocating to the Bronx.

“That’s the type of tenancy that’s coming here,” Mr. Gold told CO. “You walk in it almost makes you feel like you’re in Manhattan.”

http://commercialobserver.com/2015/06/south-bronx-building-doubles-in-value-for-recent-sale/

 

[newworldafro]

when your neighborhoods get a hip shortened name ....... ...... SoBro I see you

 

[onelastdeath]

These people are ruining the city.

 

[TLR Is Mental Poison]

There's a new plan for a South Bronx waterfront project that's being looked toward as an economic catalyst for the area.

For who

 

[Just like bruddas]

theyre building some apartments in Orange right next to penn station.

Bad enough during the recession you had white families moving around here after losing their homes in rich parts of nj. Now it's more coming

 

[Willy Waffle]

i was just about to post that article about silvercup coming to the south bronx, this is a big eye opener.

shyt is crazy. personally, i didn't think it can happen in the bx because of all the houses out there and can't see them being torn down.

i got fam in castle hill, adams and moores houses. I told one up my aunts straight up, if you see a red lobster, chiptole, american apparel or any signs of a huge corporation saying "coming soon", you might need to even if a new store opens up and they start selling kale chips or $10 dollar mayonnaise and all that health shyt hood nikkas don't like you need to consider

i didn't even know about that waterfront project either damn shyt is getting real in "sobro".

 

[AB Ziggy]

i was just about to post that article about silvercup coming to the south bronx, this is a big eye opener.

shyt is crazy. personally, i didn't think it can happen in the bx because of all the houses out there and can't see them being torn down.

i got fam in castle hill, adams and moores houses. I told one up my aunts straight up, if you see a red lobster, chiptole, american apparel or any signs of a huge corporation saying "coming soon", you might need to even if a new store opens up and they start selling kale chips or $10 dollar mayonnaise and all that health shyt hood nikkas don't like you need to consider

i didn't even know about that waterfront project either damn shyt is getting real in "sobro".

They can't exactly tear down all them houses. So the next best thing is to raise the rents and build more affordable luxury housing around the new chain restaurants.

Slick way to kick out the hood nikkas without destroying too many projects and apartments.

 

[newworldafro]

http://newyorkyimby.com/2015/07/per...r-avenue-the-crossing-at-jamaica-station.html

Permits Filed: 147-30 Archer Avenue, The Crossing At Jamaica Station

The Crossing at Jamaica Station, rendering courtesy of FXFOWLE
BY: REBECCA BAIRD-REMBA 12:22 PM ON JULY 1, 2015

BRP Companies plans to spend nearly $300 million developing two mixed-use high rises just north of Jamaica Station in Queens, in what some have called the “largest private investment in Downtown Jamaica in decades.” Now they’ve filed new building applications for their megaproject at the corner of Archer Avenue and Sutphin Boulevard, a combination of a church, mixed-income apartments and retail.

Filings call for two towers, 14 and 26 stories tall, at 147-22 and 147-30 Archer Avenue. The taller building will top out at 290 feet and house 450 units on the upper floors. The base will have 96,100 square feet of retail divided over three floors. Residential will begin on the fourth story, where 15 apartments will have private terraces. Most of the amenities will also be located on the fourth floor, including a lounge, fitness room, children’s play room, and laundry.

The second, 145-foot-tall building will include 130 units and a 17,100-square-foot church on the first two floors. There will be nine to eleven units on each floor, and many will have private balconies.

Ultimately, the project will include 580 units across 522,947 square feet of residential space, for a surprisingly spacious average unit of 900 square feet. It’s unclear how many apartments will be affordable, but the Midtown East-based developer promised to rent a quarter of the units at below-market rates when it struck a deal for the large commercial site last year. There will also be 256 parking spots, 84 of which will be in an underground garage.

FXFOWLE will be responsible for the design, and the first renderings were released to DNAinfo last October.

BRP acquired the 58,000-square-foot site from Greater Jamaica Development Corp. earlier this month for $19,500,000, The Real Deal reported. They expect to break ground in December on the project.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
http://blog.archpaper.com/2015/03/oda-unveils-amenity-packed-zigzagging-rental-building-bushwick/

ODA unveils amenity-packed zigzagging rental building in Bushwick

Friday, March 20, 2015
by Henry Melcher


(Courtesy ODA)

ODA has unveiled renderings for a massive new residential complex in Bushwick, Brooklyn—and it certainly reminds us of Bjarke Ingels’ 8 House in Copenhagen with its doughnut-like shape and landscaped roof that dips toward the street. At nearly 400,000 square feet, ODA’s 10 Montieth Street will become a major piece in the redevelopment of the Rheingold Brewery site.


(Courtesy ODA)

The 392-unit rental building is quite obviously geared toward younger tenants that have been flocking to the neighborhood in recent years. Above the building’s apartments—most of which are studios or one-bedrooms—is that 25,000-square-foot roof, which packs more amenities than a three-day Carnival Cruise. According to the Real Deal, 10 Montieth’s zigzagging roof has a “running/hiking course, urban farming areas and an outdoor cross-training facility.” There is also apparently a “chill space” and some graffiti walls so renters can take the edge off if urban farming isn’t going as planned. They could also probably use the 19,000-square-foot courtyard as a “chill space.” Good to have options.


(Courtesy ODA)

The building’s protruding volumes and balconies give it the boxy design aesthetic we have come to expect from ODA. The geometric exterior is primarily clad in light gray stone or concrete and has pronounced orange window frames. ODA adds contrast to the project by using darker materials on the sections of the building that are set back from the street.




(All Courtesy ODA)
(click to enlarge)

http://blog.archpaper.com/2015/03/od...ding-bushwick/

 

[ogc163]

Forest calmed down somewhat..

I havent stepped foot in McKinley since like 03..I really have no reason to be over there for anyone or anything.



B.Road is prolly still the same..My cousins be over there...

Alot of these nikkas played ball together and are now enemies..

Morrisania is stuck moreso than the rest of the BX, the new "affordable housing" made things worse imo. Neighborhoods that were irrelevant because they weren't deep enough are now bugging out. 164th was irrelevant when I was growing up, but an influx of teenagers coming of age changed everything.


http://www.dnainfo.com/new-york/201...highlights-south-bronx-youth-violence-problem

 

[Numero Deux]

http://newyorkyimby.com/2015/07/per...r-avenue-the-crossing-at-jamaica-station.html

Permits Filed: 147-30 Archer Avenue, The Crossing At Jamaica Station

The Crossing at Jamaica Station, rendering courtesy of FXFOWLE
BY: REBECCA BAIRD-REMBA 12:22 PM ON JULY 1, 2015

BRP Companies plans to spend nearly $300 million developing two mixed-use high rises just north of Jamaica Station in Queens, in what some have called the “largest private investment in Downtown Jamaica in decades.” Now they’ve filed new building applications for their megaproject at the corner of Archer Avenue and Sutphin Boulevard, a combination of a church, mixed-income apartments and retail.

Filings call for two towers, 14 and 26 stories tall, at 147-22 and 147-30 Archer Avenue. The taller building will top out at 290 feet and house 450 units on the upper floors. The base will have 96,100 square feet of retail divided over three floors. Residential will begin on the fourth story, where 15 apartments will have private terraces. Most of the amenities will also be located on the fourth floor, including a lounge, fitness room, children’s play room, and laundry.

The second, 145-foot-tall building will include 130 units and a 17,100-square-foot church on the first two floors. There will be nine to eleven units on each floor, and many will have private balconies.

Ultimately, the project will include 580 units across 522,947 square feet of residential space, for a surprisingly spacious average unit of 900 square feet. It’s unclear how many apartments will be affordable, but the Midtown East-based developer promised to rent a quarter of the units at below-market rates when it struck a deal for the large commercial site last year. There will also be 256 parking spots, 84 of which will be in an underground garage.

FXFOWLE will be responsible for the design, and the first renderings were released to DNAinfo last October.

BRP acquired the 58,000-square-foot site from Greater Jamaica Development Corp. earlier this month for $19,500,000, The Real Deal reported. They expect to break ground in December on the project.

 

[newworldafro]

Bushwick or Jamaica Queens? Which one hurts the worst, or equally

 

[Numero Deux]

Bushwick or Jamaica Queens? Which one hurts the worst, or equally

Jamaica, born and raised. Goddamnit.