Posted Oct 15, 2021, 2:59 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
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https://www.nytimes.com/2021/10/15/r...ction.amp.html
In the Bronx, Mott Haven Suddenly Gets a Skyline
A construction boom could bring more than 5,000 rental apartments to some 20 development projects in the neighborhood over the next couple of years.
By C. J. Hughes
Oct. 15, 2021
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A new skyline is rising in New York City, and — wait for it! — it’s in Mott Haven, the Bronx.
Once a low-profile neighborhood dominated by shops that fix flat tires, Mott Haven has sprouted a dozen residential towers, all of them rentals, with market-rate and affordable apartments in the mix.
Most of the development has occurred in Mott Haven’s southwestern corner, by the Harlem River and the bridges that lead to Manhattan, and more than 5,000 apartments spread across about 20 development projects have either recently opened, are under construction or will break ground soon, based on data from city records, developers and real estate brokerages.
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Starting in the late 1990s, city planners prodded developers to replace warehouses and auto-body shops not just with tall apartment buildings, but also with parks and riverfront walks, made possible by a series of rezoning plans under Mayors Rudolph W. Giuliani, Michael R. Bloomberg and Bill de Blasio.
The developments currently planned in Mott Haven typically offer both market-rate and affordable units, often in a 70 percent to 30 percent ratio, although all-affordable high-rises are also being built. Construction on these projects could continue over the next couple of years.
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Several of the developments belong to some of the biggest builders in New York, including Brookfield Properties, whose $950 million, river-hugging mega-development, Bankside, will open its first units by the end of the year.
While many of Mott Haven’s projects are works in progress, several have already opened, including the Arches, a two-towered rental building at 224-228 East 135th Street, with 430 apartments, from studios to two-bedrooms, whose first residents arrived in October 2020. (A small, 29-room hotel will also open on site this year.)
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