The Real Deal New York

Posts Tagged ‘bronx’

  • A rendering of 1755 Watson Avenue (credit: Azimuth Development Group)

    A rendering of 1755 Watson Avenue (credit: Azimuth Development Group)

    Financial District-based Azimuth Development Group released new renderings of their ambitious mixed-used project in Soundview. [more]

  • 1711 Morris Avenue

    1711 Morris Avenue in the Bronx

    A group of an investors led by Asden Properties are the mystery buyers that scooped up a $90 million Bronx portfolio last month, in one of the borough’s biggest multifamily deals this year.

    The portfolio, comprised of 13 buildings holding 612 rental units, hit the market this spring. [more]

  • Bronx

    Coop City, Bronx (credit: Phillip Capper/Flickr)

    From the November issue: But while the buzz about the Bronx is reaching an all-time high, investing there comes with some significant challenges — air, land and noise pollution chief among the concerns, particularly in areas such as the South Bronx, where the borough’s vast network of highways loudly deposits trucks onto local roads every few minutes. Given the heavy traffic, childhood asthma rates in the Bronx are the highest in the city. [more]

  • Can developers rebrand the Bronx?

    November 13, 2015 09:31AM

    A warehouse for Beethoven Pianos is a vestige of the Bronx’s past, when it was home to as many as 60 piano factories. (Credit: Michael McWeeney)

    From the November issue: With real estate heating up in the Bronx, it’s no surprise that some developers have started playing the name game.

    New developments tends to open the acronym floodgates in New York City: Neighborhood names are shortened to sing-song geography lessons or completely recreated. The phenomenon is one that has played out time and time again, giving rise to a litany of Frankenstein portmanteaus: ProCro (a merging of Prospect Heights and Crown Heights), NoMa (North of Manhattan), GoCaGa (Gowanus and Carroll Gardens) and SoHa (South of Harlem), just to name a few. [more]

  • Bronx Subway map

    From the November issue: Transit is a key driver of Bronx development, and subway ridership shows which neighborhoods are already benefitting from an influx of new residents and workers. [more]

  • Chelsea Craft Brewing NYC

    The former Chelsea Craft Brewing Co. in Chelsea Piers

    Manhattan microbrewery Chelsea Craft Brewing Company moved to a new location in the Bronx, after closing shop in its native Chelsea Piers last year due to (surprise!) skyrocketing rents.

    Chelsea Craft Brewing was based out of Chelsea Piers from 1995 until it closed shop in April 2014, making the move to former parking lot at 463 East 173rd Street in the Bronx neighborhood of Claremont. The company is all set up at its new location and plans to start brewing beer next week. [more]

  • Ziz

    Jonathan Zizmor and 5021 Iselin Avenue in the Bronx

    Dermatologist Dr. Jonathan Zizmor, known for his rainbow-heavy subway advertisements, re-listed his 7,000-square-foot mansion in the Bronx’s Fieldston neighborhood and boosted the asking price. [more]

  • The November issue is live!

    November 02, 2015 12:10PM

    Issue Live

    A borough long associated with arson is on fire in an entirely different way. The Real Deal voyaged to the Bronx, to explore a once-overlooked area increasingly targeted by developers and investors. [more]

  • Bronxwood

    From left: 2911 Barnes Avenue and 2910 Wallace Avenue in the Bronx

    Jamaica-based landlord Ved Parkash, named by an advocacy group as one of the city’s seven worst landlords, bought a pair of contiguous rental buildings in the east Bronx neighborhood of Bronxwood for $30.6 million, or $135 per square foot. [more]

  • 3084 Webster Avenue Bronx

    3084 Webster Avenue in the Bronx (inset: Mark Stagg)

    Prolific Bronx development firm Stagg Group filed plans Wednesday for a 116-unit residential project in the borough’s Norwood section. [more]

  • Screen-Shot-2015-10-11-at-11.13

    The intersection of Fordham Road and Webster Avenue in the Bronx has been called “the worst intersection in New York” by New York Magazine. And in 2008, the Department of Transportation identified it as the city’s most dangerous intersection for pedestrians. Now, it has become the focus of efforts to improve public transport and relieve congestion that could be used throughout NYC. [more]

  • Lambert Houses Fipps Houses

    The Lambert Houses in West Farms

    Out with the old and dilapidated, and in with the new. [more]

  • Einstein College

    The Price Center at Albert Einstein College of Medicine in the Bronx

    The merger that saw Bronx-based Montefiore Medical Center assume operational control over Yeshiva University’s Albert Einstein College of Medicine is worth roughly $209 million, according to property records filed with the city Tuesday. [more]

  • The Bronx hits (new) tipping point

    September 14, 2015 10:10AM
    Developer Mark Stagg at the under-construction 6155 Broadway,

    Developer Mark Stagg at the under-construction 6155 Broadway

    From the September issue: Long a symbol of urban decay, the South Bronx is booming with new construction these days as developers — big and small — clamor for a foothold there.

    Buoyed by cheap land and financial backing from the city, affordable-housing builders have racked up the lion’s share of projects over the last four years, according to an analysis by The Real Deal of building permits and offering plans filed between Jan. 1, 2011 and July 31, 2015. [more]

  • From left: Joseph Chetrit, Keith Rubenstein and 2401 Third Avenue (credit: Loopnet)

    From left: Joseph Chetrit, Keith Rubenstein and 2401 Third Avenue (credit: Loopnet)

    The Chetrit Group and Somerset Partners filed plans for two 25-story apartment towers in the South Bronx, a project officials say could be the catalyst to a new wave of development in the booming borough. [more]

  • From left: 1898 Belmont Avenue and 2082 Crotona Parkway, both in the Bronx, and Rosewood Realty's Aaron Jungreis

    From left: 1898 Belmont Avenue and 2082 Crotona Parkway, both in the Bronx, and Rosewood Realty’s Aaron Jungreis

    Josh Gotlib’s Black Spruce Management picked up an 11-building package in the Belmont, East Tremont and West Farms sections of the Bronx for a combined $51.5 million, The Real Deal has learned. [more]

  • From left: Stuart and Alan Suna and the Silvercup Studios sign in Queens

    From left: Stuart and Alan Suna and the Silvercup Studios sign in Queens

    Silvercup Studios is opening a 120,000-square-foot facility at 295 Locust Avenue in the Port Morris section of the Bronx. [more]

  • Donald Trump and Bronx Borough President Ruben Diaz Jr. at Ferry Point and the Throggs Neck Houses

    Donald Trump and Bronx Borough President Ruben Diaz Jr. at Ferry Point and the Throggs Neck Houses

    Donald Trump’s Trump Golf Links at Ferry Point, the new nine-figure taxpayer-funded municipal course, has been controversial from the get-go. While many see the sweeping greens as a vast improvement over what had been a dump, others continue to feel that the luxury course is slap in the face of New York City’s poorest borough. [more]

  • The Bronx is the new Queens

    May 29, 2015 08:30AM
    Clockwise from left: The Bronx General Post Office, Youngwoo

    Clockwise from left: The Bronx General Post Office, Young Woo, construction at 500 Exterior Street (photo via NY YIMBY), a rendering of FreshDirect’s new office at the Harlem River Yard, Joseph Chetrit and 101 Lincoln Avenue

    For residents of Manhattan, Brooklyn and Queens, coming across new construction projects in their neighborhoods is commonplace. But for the first time in recent history, the Bronx is getting its fair share of the action. [more]

  • W.B. Mason Bronx

    From left: W.B. Mason logo and aerial view of 1150-1170 Commerce Avenue in the Bronx (inset: James Tack)

    W.B. Mason, the largest privately-held U.S. seller of office supplies, is opening its first distribution center in the city. The Brockton, Mass.-based company inked a 10-year lease for a total of 173,000 square feet on the site of one-story Bronx warehouse. [more]