Permits have been filed for a 12-story apartment building at 260 Grand Concourse in Port Morris, Bronx. Located between East 138th Street and Major Deegan Expressway, the lot is steps away from the 138th Street subway station, serviced by the 4 and 5 trains. Jacob Schwimmer of JCS Realty Group is listed as the owner behind the applications.
The South Bronx is undergoing a major urban transformation as developers are continuing to reshape the area with a mix of adaptive-reuse buildings and new residential construction. Union Crossing is a new mixed-use project that will combine contemporary commercial office space and retail opportunities for newcomers to the historic neighborhood. It is designed by Woods Bagot, while the developers include Madison Realty Capital, The Altmark Group, The Bluestone Group, and Galil Management. JRT Realty is the exclusive leasing agent for the venture.
Bluestone Group, Altmark Capital, and Princeton Holdings have acquired, for $14.1 million, the six-story, 84,650-square-foot industrial building at 780 East 135th Street, in Port Morris, located five blocks from the Cypress Avenue stop on the 6 train. The previous owner was using the building as a storage facility, although the property is being delivered vacant. The new owners are considering converting it into creative office space or artists’ lofts, according to Commercial Observer. The exact plans for the structure have not yet been finalized or official disclosed.
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.
Bronx-based Altmark Group has filed applications, originally submitted to the DOB in 2013, for three four-story residential buildings at 747-751 East 133rd Street, in Port Morris, six blocks from the 6 train’s Cypress Avenue stop. The development will include a total of 24 residential units spread across 17,328 square feet, for units averaging a rental-sized 722 square feet. Shahriar Afshari is the applicant of record.
