The Bronx’s new burn

Parts of the long-blighted borough are starting to produce sparks with real estate investors
By Melissa Dehncke McGill | July 27, 2012 03:00PM

From the July issue: It’s been a long time since the Bronx was actually burning. But these days, parts of the long-blighted borough are catching fire — or at least producing sparks — with real estate investors. The market is still not back to its pre-recession levels, and sources say investments in the borough are far riskier than they are in other parts of the city. But brokers and developers interviewed for The Real Deal’s Q&A this month said that development, especially on the large-scale retail front, is on the rise. [more]