The South Bronx neighborhoods of Melrose and Morrisania have become ground zero for new affordable housing development. Now another new affordable project is slated for the area, in the transit-starved heart of Morrisania at 3365 3rd Avenue.
An 11-story condo building may replace another one of Fourth Avenue’s auto shops. New building applications were filed this morning to erect a 118-foot-tall residential development at 243 4th Avenue, between President and Carroll Streets and just a block south of the R train stop at Union Street.
The city hopes to kick off its big East New York rezoning within the next few weeks, and it plans to subsidize the construction of 1,200 new affordable apartments in the transit-rich area near Broadway Junction. Meanwhile, market-rate development is slowly growing in the southern half of the neighborhood, where new construction comes in the form of small three- and four-story buildings—the only thing that pencils out right now.
The hulking remains of Greenpoint Terminal Market once dominated West Street in Greenpoint, after a mysterious 10-alarm fire destroyed much of the former industrial complex in 2006. But the low-slung factories are finally giving way to towers. One developer has filed new building applications for a 19-story residential development at 27 West Street, between Calyer and Quay Streets, a block south of the old Terminal Market.
The South Bronx is about to experience an unprecedented construction boom, and the Chetrit Group and Somerset Partners have jumped on the bandwagon by filing new building applications for two 25-story towers at 101 Lincoln Avenue and 2401 3rd Avenue in Mott Haven.
