The South Bronx is finally seeing the first glimpses of large, market-rate development, and one hotel developer has taken the plunge by filing new building applications for a 13-story apartment building at 477 Gerard Avenue in Mott Haven, next to his under construction hotel at 500 Exterior Street.
Last week YIMBY revealed two little market-rate projects on Alexander Avenue in Mott Haven. Now the same builder, JCAL Development, is planning the largest market-rate development that the South Bronx has seen in years. New building applications were filed earlier this week for a 12-story building a few blocks south at 329 East 132nd Street, near the Willis Avenue Bridge and the Harlem River waterfront.
New market-rate development is finally happening in the South Bronx, and JCAL Development is leading the way with two small buildings under construction near the Major Deegan Expressway in Mott Haven. Now YIMBY has renderings and construction updates for those two projects at 135 and 136 Alexander Avenue, between East 134th Street and Bruckner Boulevard.
Since a vast industrial swath of Mott Haven was rezoned in the South Bronx several years ago, affordable housing developers have slowly begun to build in the area, taking advantage of large vacant lots and cheap, derelict factories. One such developer has filed plans for a 12-story affordable building at 491 Gerard Avenue, a block over from the Major Deegan Expressway and a short walk from the 2, 4 and 5 trains at 149th Street-Grand Concourse.
Mott Haven is slowly growing new market-rate apartments, but most construction in the South Bronx neighborhood is still supportive or affordable housing. Now one supportive housing builder has filed plans for two developments at 275 East 138th Street and 2550 Third Avenue, on a lot bordered by East 139th Street and Alexander Avenue.
