The last decade has seen a remarkable rebranding and rejuvenation of our borough and we are poised for even greater growth in the future. – Marlene Cintron, The Bronx Overall Economic Development Corporation
The borough is building, and the bulk of new construction is still comparatively affordable. Just don’t call it the next Brooklyn.
That is beginning to change. In Mott Haven, a new luxury building called Bridgeline has begun leasing 91 units that range in price from $1,694 for a studio to $3,138 for a two-bedroom. Designed by Aufgang Architects, the project will include a two-toned industrial facade visible from Upper Manhattan. “I didn’t do any market-rate rentals until 2012,” said Josh Weissman, president of the Bronx-based JCAL Development Group, one of the developers. This is the company’s biggest one yet. Affordable housing is still the bulk of its business, he said — including the Summit Ridge in High Bridge — but rising land prices, especially in the South Bronx, are changing the mix.
JCAL Development, founded by outer borough developer Josh Weissman in 2012, has brought its share of affordable housing to the Bronx, too. But in another sign of a changing borough, its portfolio includes several market-rate developments, along with commercial tenants who seem geared toward cementing Mott Haven’s burgeoning hipster status.
Anywhere but by the L train. That’s what you hear from residents of north Brooklyn, as the main underground link between Manhattan and neighborhoods such as Williamsburg and Bushwick is scheduled to be shut down in less than two years’ time, or within the span of a two-year lease that
Bronx-based JCAL Development Group is wading into Manhattan’s affordable housing game, with plans to build a 75-unit rental building in Central Harlem. Plans call for a 15-story, mixed-use building at 2395 Frederick Douglass Boulevard, also known as 2395 Eighth Avenue, according to a permit application filed with the city’s Department.