One of the new affordable housing projects in the Bronx is the conversion of what was once a juvenile detention center at the corner of Spofford Avenue and Tiffany Street in the Hunts Point neighborhood.
The New York Times published an article detailing the new construction that is currently going on in the Bronx. It is explained that the new market-rate housing is still scarce. The majority of the new apartments are affordable housing aimed at those who can’t pay the market-rate. Mayor Bill de Blasio has made reducing housing costs a priority including forcing the developers that benefit from zoning changes on new construction projects to make some housing permanently affordable.
The Spofford Juvenile Center was shut down in 2011 over concerns of inmate fighting, rat infestations, and lack of air-conditioning. Taking its place will be five buildings with 740 affordable housing units called the Peninsula. The property will also have a film studio, a bakery, a brewery and 21,000 square feet of stores surrounded by more than an acre of public space.
If you’re not wanting to wait for new constructions to become available and looking for a reasonably priced apartment, take a look at Parkchester in the eastern Bronx. Parkchester is a planned community with 171 brick buildings, well maintained grounds, playgrounds for all to enjoy, and the convenience of grocery stores, restaurants, and retail shops nearby. There’s even a Macys! Take in the tree lined paths and beautiful statues on your Sunday stroll or early morning run. The Parkchester complex offers 217, 811 units with a mixture of studios, one, two and three bedroom apartments. Studios generally rent for $975 per month. One bedroom rents for $1,240, a two bedroom starts around $1,595 and a three bedroom goes for $1,890 per month. For more information on Parkchester, visit their website at www.parkchesternyc.com. With the apartments in such a great demand right now in the Bronx, Parkchester remains solid and comfortable residential living in a planned community you won’t ever want to leave.