Last year, residential development in the South Bronx was booming. This year, builders are looking at their future tax bills – without the 421-a tax break – and realizing that it’s safer and cheaper to build hotels than apartments.
The South Bronx is suddenly booming with development, from affordable housing to market-rate rentals. But there are also plenty of hotels in the works, particularly in the area around Yankee Stadium. Last week, we spotted plans for an 11-story hotel at 859 Sheridan Avenue, between 159th and 161st streets in Concourse Village
It’s been a year since YIMBY revealed plans to develop two affordable rental buildings next to Thessalonia Baptist Church in Morrisania, in the South Bronx. Now, new building applications have been filed for the first piece of the project at 960 Prospect Avenue.
Somerset Partners is renovating the single-story commercial building at 2430 Third Avenue, on the corner of East 134th Street in Mott Haven, into a coffee shop. According to DNAinfo (h/t Curbed NY), the NYC-based coffee chain Filtered Coffee, co-owned by Karen Paul and Aaron Baird, will operate the new café. Both the interior and exteriors of the structure are being renovated and repurposed. New entrances are being added in addition to a skylight, per the latest filing with the Department of Buildings. Vladimir Constant’s NoMad-based The Hudson Group is the applicant of record, although Barcelona-based Alonso Balaguer is designing the project. The shop’s grand opening is scheduled for April 2.
The industrial area along the South Bronx waterfront is about to sprout several high-rise residential towers, but development a couple blocks inland may bring another sign of impending gentrification: new artist studios. Plans were filed last week for a three-story commercial building at 740 East 137th Street in Port Morris.