The Real Deal New York

Developers bet on SoBro

From Mott Haven to Hunts Point, the nabes attracting the most investment in the borough

April 16, 2015 10:30AM
By Kerry Murtha

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From the April issue: Developers and investors are pouring an increasing amount of capital into commercial and residential real estate projects in the Bronx, looking beyond the portions of Brooklyn and Queens where prices have skyrocketed, to gamble on what some hope is the next outerborough hot spot.

With easy commutes to Manhattan, lower prices than other boroughs, and development sites ripe for the picking, sources said “frontier” neighborhoods like Mott Haven, Hunts Point and Port Morris are generating new interest at all levels from developers, as well as hoteliers, retailers and restaurateurs looking to tap new markets. [more]