Affordable housing projects are cropping up on vacant lots all over the South Bronx, and today’s development will rise at 294 East 162nd Street, between Morris and Teller avenues in Melrose.
In March, Charney Construction and Development paid $80 million for one of the largest remaining residential development sites in Williamsburg. The one-acre site had belonged to the Dime Savings Bank of Williamsburgh, which unloaded all of its property except for the iconic Neo-Classical bank at the foot of the Williamsburg Bridge.
Days are numbered for the auto body shops, car washes, and gas stations near the High Line in Chelsea. They’re slowly being replaced with apartments, art galleries, and artisanal food shops. Last week, plans were filed for a new building that would replace a car stereo store on the corner of West 25th Street and Tenth Avenue.
Last month, Mount Sinai St. Luke’s Hospital (formerly just St. Luke’s) sold off five large, turn-of-the-century buildings in Morningside Heights to Delshah Capital for $111.5 million. Now, the firm has filed plans to convert the elaborate old structures to apartments.
A slew of affordable housing projects are headed for an industrial slice of the central Bronx sandwiched between the Cross Bronx Expressway and the elevated subway tracks. The latest development to join the list is a 10-story affordable residential building at 1880 Boston Road, in a long-neglected neglected neighborhood known as West Farms.