The Bronx is booming across all corners, and now in East Tremont, the city has officially broken ground on a major new mixed-income affordable housing development, dubbed Tremont Renaissance, at 4215 Park Avenue. Bound by Webster, East Tremont, and Park avenues, the building will rise on a 60,000-square-foot lot, containing 40,000 square feet of ground floor commercial space and 256 residential units above. Apartments will rent to individuals making between $38,100 and $76,200, and families of three making between $48,960 and $97,920; half of the units will rent to low-income families, while the other half will go to moderate-income tenants. Mastermind Development is behind the project, alongside HPD and HDC, and Joy Construction will be building it.
When Robert Moses built the Cross-Bronx Expressway half a century ago, he demolished dozens of large apartment buildings in East Tremont to make way for the six-lane highway. It’s taken the blocks nearby decades to recover, but they are finally seeing new life, in the form of large affordable apartment buildings and small market-rate ones. Yesterday, new building applications were filed for a six-story, market-rate apartment building at 712 East 175th Street.
The Third Avenue Elevated once ran through East Tremont, linking it with Manhattan all the way down to Chatham Square, in what is now Chinatown. The decaying wooden house at 772 East 182nd Street was likely built around the same time as the elevated, in the first few years of the 20th century. After the city suspended the elevated service in the 1950s and ’60s, the area began to slide into abandonment and poverty. But the neighborhood is slowly rebounding with the arrival of small, market-rate construction projects. Yesterday, new building applications were filed for a seven-story, 18-unit development that would replace the old house at 772 East 182nd Street, just west of the Bronx Zoo.