WATCH: Bronx real estate investment, by the numbers

The borough saw a record $3.3 billion last year

TRD NEW YORK /
Mar.March 31, 2017 07:15 AM

The Bronx is no longer burning, but apparently it’s still a hot borough. According to the 2016 annual development report from the office of Bronx Borough President Ruben Diaz Jr., the borough had a record year with $3.3 billion in investments — a 37 percent increase over 2015’s $2.4 billion.

Just over half of the new development was residential with developers adding 5,234 residential units to the borough. Though commercial investment, too, is on the rise. The largest commercial project was the $350 million (and delay-ridden) Kingsbridge National Ice Center. In total the Bronx saw 14.2 million square feet of development in 2016.

To see a breakdown of where that money went, watch the video above.

For more videos, visit The Real Deal’s YouTube page.


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

Rendering of La Central (Courtesy of FXCollaborative)

Here are the details on the next building in the Bronx’s La Central development

Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

NYCFC is close to a deal for its own stadium (Credit: Getty Images)

Maddd Equities, NYCFC nearing deal for Bronx stadium

From left: Eric Adams, Shaun Donovan, Scott Stringer and Ruben Diaz Jr. (Credit: Getty Images)

Mayoral race goes from bad to worse for real estate

Rafael Salamanca and the Bronx (Credit: Getty Images, iStock)

Bronx councilman snuffs out another de Blasio rezoning

arrow_forward_ios
Loading...