My NYC Black Folk......Gentrification

Azul

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I know it's not NYC but I live in Jersey near one of those train stations that express to the city and even that area is starting to get gentrified just because people can get into the city quickly.

I'm in real estate now. I'm telling you. Any place that is within 45 mins of Penn Station/Grand Central Station/WTC is going to transform, even if they have to build "towns" around it (like Harrison). I was going to buy a condo right by Newark Penn Station but the building financials were in shambles. Found a fly ass loft in Orange but the station across the street is not a midtown direct. Then I tried to buy a Brownstone in Newark and Jersey City and investors snatched it up. I'm on a waitlist now for a Brownstone.

Westchester is next. Yonkers, Mount Vernon, and New Rochelle are on the pipeline. Mount Vernon in particular has THREE metro north stations and Pelham is right by too. Gets you to the Grand Central in a half hour. I've already had buyers from Brooklyn looking for apartments here.

Brooklyn is just about reaching its peak which is why I'm telling my parents to cash out on their property there ASAP. For the rest of the metropolitan area? ITS OVER.
 

ZoeGod

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I'm in real estate now. I'm telling you. Any place that is within 45 mins of Penn Station/Grand Central Station/WTC is going to transform, even if they have to build "towns" around it (like Harrison). I was going to buy a condo right by Newark Penn Station but the building financials were in shambles. Found a fly ass loft in Orange but the station across the street is not a midtown direct. Then I tried to buy a Brownstone in Newark and Jersey City and investors snatched it up. I'm on a waitlist now for a Brownstone.

Westchester is next. Yonkers, Mount Vernon, and New Rochelle are on the pipeline. Mount Vernon in particular has THREE metro north stations and Pelham is right by too. Gets you to the Grand Central in a half hour. I've already had buyers from Brooklyn looking for apartments here.

Brooklyn is just about reaching its peak which is why I'm telling my parents to cash out on their property there ASAP. For the rest of the metropolitan area? ITS OVER.
Bridgeport Connecticut as well. Since it’s close to NYC and a stop for the MetroNorth you already seeing the beginnings of gentrification. It’s like Brooklyn back in 2000 when you started to see the signs of gentrification. The city is dump but once they build the casino it’s gameover for minorities in the city.
 

Azul

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Bridgeport Connecticut as well. Since it’s close to NYC and a stop for the MetroNorth you already seeing the beginnings of gentrification. It’s like Brooklyn back in 2000 when you started to see the signs of gentrification. The city is dump but once they build the casino it’s gameover for minorities in the city.

Forgot about CT. I don't know much about Bridgeport except that it has its problems but I do know that Stamford is done.

Speaking of Mount Vernon,

"Our goal was to be as progressive as possible in terms of recognizing that kids have different aptitude [levels],” Hamilton said. “Students will be able to leave our three schools upon high school graduation and be able to go right to the workforce with a skill-set that makes sure they’re career ready and maintain the option to go into a two- or four-year college.”

Each high school will require students to apply, or in the case of the magnet school, audition, for admittance. The schools will offer the general academic courses needed to graduate, but include extracurricular opportunities and elective classes that cater to the theme of the respective school."


One of the biggest stumbling blocks to gentrification in Lower Westchester are the schools. Mount Vernon's elementary schools are largely fine but, the HS is considered bad. Mount Vernon will have THREE new high schools in September that you have to apply or audition for. I also work in education, this is a way to filter out the "riff raff" and leave them in the traditional high school. This actually may help because there will be less students/smaller classes sizes. That school is actually expanding their technical training programs. I wouldn't be surprised if they opened an alternative school to throw out all the problem students. If they are successes, people with children won't be shook of moving there anymore.
 
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Developers spent $200K lobbying for Inwood rezoning
8
The recently approved rezoning proposal is a win for developers
By Ameena Walker Aug 20, 2018, 1:00pm EDTSHARE
Inwood_Hill_Park.0.0.jpg
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Earlier this month, Mayor de Blasio’s contested plan to rezone parts of Inwood to allow for 5,000 new apartments, received approval from City Council and it’s now awaiting the mayor to sign it into law. While many Inwood residents continue to oppose the rezoning in fear of gentrification and displacement, the recent approval is a win for developers.

According to the Wall Street Journal, housing developers spent tens of thousands of dollars lobbying the city’s Economic Development Corporation (NYCEDC) and City Councilman Ydanis Rodriguez to get the rezoning passed. Lobbying records show that Taconic Investment Partners, who is set to create at least 550 units of affordable housing at 410 West 207th Street, where a Pathmark supermarket once stood in Inwood, spent at least $85,000 in 2017 pushing to get the rezoning passed and another $45,000 in 2018.

Taconic Investment Partners weren’t the only ones pushing for the rezoning. Per the WSJ, Jorge Madruga of Madd Equities spent $30,000 this year lobbying city and elected officials to approve the rezoning, while the company spent more than $90,000 in 2017 to have Inwood, along with areas in Brooklyn and Manhattan rezoned. Madruga has been developing low-income housing since the 1990s, however, in 1998 he plead guilty to fraud charges related to a Medicare scheme in Florida and was sentenced to 18 months in prison and 10 years probation. A rep for Madruga told Curbed that Madruga never actually served any jail time since his sentence was reduced and a judge determined that “restitution was the more appropriate solution,” while also reducing probation to six years.

Nevertheless, some say the lobbying is needed to get these things moving and that the city needs developers to build new housing so it’s a give-and-take relationship. “The city can’t do it all,” said longtime developer a board member for the Mayor’s Fund to Advance New York City in a statement to the WSJ. “They depend on developers to actually build the real estate. Real estate firms aren’t charities and need to make some profit.”

Though he ultimately voted in favor of the Inwood rezoning, City Council member Francisco Moya of Queens has called for a task force to address community concerns about how the rezoning will affect residents of the neighborhood. In a, Moya states that the De Blasio administration has pitted organized labor against low- and middle-class New Yorkers while “propping up a system that enriches developers.”

Editor’s Note: A previous version of this article stated that Jorge Madruga spent 18 months in prison fraud-related charges. Curbed received information regarding that sentence and the article has been updated to reflect those changes.
 

Azul

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Thing is, I mostly HATE Inwood. It is absolute hell if you have a car. Most of the buildings have no garages and traffic can be disgusting. It is already a damn headache to cross that 207th street bridge.

Adding 550 apartments where that Pathmark was? Lawd.
 

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Bridgeport Connecticut as well. Since it’s close to NYC and a stop for the MetroNorth you already seeing the beginnings of gentrification. It’s like Brooklyn back in 2000 when you started to see the signs of gentrification. The city is dump but once they build the casino it’s gameover for minorities in the city.

the whole nyc area from north jersey, westchester and southeastern connecticut is fukked. they're gentrifying stamford right now as we speak. the place around where the passport agency in stamford is where they're gentrifying. these people moving into the trendy areas of NYC have no clue the negative rippling effect they're doing where the cost of living is going on outside the city. it's bad all around and the crazy thing is these same folks aren't even staying in the area. they go from brooklyn to another city in another part of america that's trendy or experiencing gentrification.

that's why i'm convinced that some of these folks involved in what's going on in brooklyn and all these other gentrified areas in nyc are agents or apart of some shyt. the way they move, the fact that they're usually involved in liberal and democrat politics and activism and a lot of them seem to be like moving on the same type of shyt. it's weird.
 
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