Is The Bronx The Least Gentrified Borough In NYC ?

[MarioDaDon]

NYC is obviously gradually going through gentrification & it's evident in all five boroughs , but every time I go back to the BX where I grew up , some parts of it are still as worse as it was in the 90s / early 00s . Some places improved like Co-op-city for example even though it's wasn't officially the projects , in the 90s / early 00s them nikkas sure operated like one , I lived their until 06 when the ATF came through and snatched the whole hood , thats when I knew it was time to fled the scene . But every time I swing through Mott Haven , Gun Hill , White Planes , Edenwald shyt is still thorough as hell . I think it's due to the fact BX has the most projects out of all boroughs so I think it would be impossible to gentrify the bronx .

 

[Apollo Kid]

So far....but the South Bronx definitely has some hipsters opening businesses down there

http://www.thebronxbrewery.com/

 

[capblk]

Off the top of my head I would say that SI is the least gentrified in NYC. In the BX it is happening at a slower pace than the rest of the city, just take a look at rents being charged in some areas like Mott Haven, Melrose and Lower Concourse (although low for NYC, it's pretty high considering the reputation of the areas).

On the surface, it doesn't seem like much has changed but if you look at some of the developments happening you can see that developers are investing heavily in some cases.

Robust job growth, new retail and residential projects, and pro-business local officials are among the reasons investors are finding the Bronx an attractive place for their investment dollars.

During a panel discussion at the Manhattan North Association of Realtors’ 13th Annual Trade Show, moderator Shimon Shkury, president of Ariel Property Advisors, said $1.15 billion was spent on investment property in the Bronx in the first half of the year, and the borough is expected to end the year with sales exceeding $2 billion.

http://www.rew-online.com/2014/11/06/bronx-set-to-become-2b-investment-hot-spot-2/

The study says that pricing for the units should reflect current rents in the South Bronx which they listed as:

• $1500-$1,800 for 1 bedrooms
• $2,000- $2,300 for 2 bedrooms
• $2,500+ for 3 bedrooms (*Friedland Realty Advisors and Halstead Property, LLC (and other data)
  
  

http://www.welcome2thebronx.com/wor...st-moved-one-step-closer-to-becoming-reality/


Also the Bronx does not have the most projects out of all the boroughs according to nyc.gov

Public Housing (as of March 1, 2014)

• The Bronx has 90 developments with 44,493 apartments
• Brooklyn has 100 developments with 58,698 apartments.
• Manhattan has 102 developments with 53,570 apartments.
• Queens has 22 developments with 17,112 apartments.
• Staten Island has 10 developments with 4,499 apartments.
• 10 developments comprising FHA Acquired Homes total 185 apartments. Four FHA Homes groups are located entirely in Queens, the remainder in multiple boroughs with a majority in Queens.
• 42 developments are for seniors only; 15 seniors-only buildings exist within mixed-population developments
• NYCHA has approximately 9,822 apartments designated for seniors only.
• There also are 7,636 retrofitted apartments for families of persons who are mobility impaired.

http://www.nyc.gov/html/nycha/html/about/factsheet.shtml

I don't think that the Bronx will fully gentrify but with all these people moving into the city parts of the borough eventually will, even if it's because of spillover from Harlem.

 

[Frida Giezman]

I lived in the Bronx a couple of years

I didn't like it at all but it's the only boro left that's affordable

And the apartments out there are huge compared to Queens

 

[Frida Giezman]

I don't care how fast that commute to the city is you gotta be crazy to move to mott haven lol

 

[capblk]

You also have cases of government programs being cut so landlords in the South Bronx are just opting out. I guess an empty building is easier to rehab and/or sell.

The memo from Aguila, Inc., the company that operates the shelter at 941 Intervale Ave., was very brief, saying only that it “will no longer be operating the Bronx Neighborhood Annex Shelter program."

“Over the coming weeks and months, you will be provided transfer information for placement in a new shelter location,” it reads.

The letter provides a phone number for residents to call with any questions or needs while they remain at Intervale Avenue, but repeated attempts by DNAinfo to reach someone at this number were unsuccessful.

The letter does not provide a reason why the shelter is closing, but sources said it was shutting down because the Department of Homeless Services is reducing the rent it pays to privately owned residential buildings that shelter the homeless.

http://www.dnainfo.com/new-york/201...rwhelmed-by-closing-of-bronx-homeless-shelter

 

[dtownreppin214]

it's your fault.

yall made nyc look so cool in the 90s.

all these hipsters grew up in their boring generic midwestern suburbs watching movies like Home Alone dreaming of one day moving to nyc and living that macaulay culkin life.

now after most likely disowning their parents, they are there in droves and ruining everything.