Another gentrifying moment… lower Manhattan projects to be demolished for upgraded condos

[An RnB Thug]

Here’s one link
But not everything that we talk about is posted in articles
A lot of it is who we know that tell us what’s going on in our neighborhoods

A year after affordable housing lottery was launched, dozens of apartments sit vacant in South Bronx development

It’s been over a year since a lottery was launched for a luxury “affordable” housing development located at 276 Grand Concourse in Mott Haven which was asking $2,000 a month for a…

welcome2thebronx.com

Dogz, that's ONE building!!!!! LOL
That's not common.
Anyway. there's over 1 million affordable apartments in NYC
currently only 36,000 are empty
So, I would venture to say my statement is TRUE
Maybe a better job can be done but vacant units to keep poor people out is NOT the norm

 

[HAR125LEM]

Yep once again property near water… plus all the club, lounges, shopping areas there… it be a lot of homeless people around there to

Yep once again property near water… plus all the club, lounges, shopping areas there… it be a lot of homeless people around there to

I used to sublet on Clinton and Grand some years ago before I found My place in Harlem. And I still see a few folks who live by the Jacob Riis Houses.

That entire Delancy to Essex has become more a "Mini Times Square" now. And there's been a plethora of $1M+ Condos on Avenue A now.
I don't know who in DA HELL this City, Landlords, Property Owners, and Real Estate Developers even think can purchase those buildings except Foreign Investors.

 

[tallblacknyc]

 

[hardawayz16]

NYCHA has been in debt for decades.....and currently need like 50 BILLION for repairs on current buildings.

The city might not have any other choice but selling off buildings/privatization.

 

[Mr. Met]

Are you talking about the former cop that’s the mayor? Nope everybody knew what he was about.. a pig first everything else last

Apparently he didn’t

 

[hardawayz16]

If you know that area it has clubs, lounges, eateries, some nyc sights, and a lot of shopping areas not too far(literally walking distance).. so that area has lots of maximum services. That’s why people are skeptical of them bringing those residents back cause they know they trying to move them out to bring in the rich. Also if you noticed they said a lot of elderly people live in those buildings. So being that you are up there in age imagine if some private company decided to tear up your whole living area to bring in millionaires would you think that was a good idea to displace you?

Are you taking into account the cost of living? There's no Dollar stores over there. A plain slice of pizza cost 5 dollars. The local supermarket is Whole Foods. A casual drink at a lounge in that area is ~$20.

I'd argue that its not good for the elderly on a fixed income to be living in an area where the prices are high.

 

[tallblacknyc]

Are you taking into account the cost of living? There's no Dollar stores over there. A plain slice of pizza cost 5 dollars. The local supermarket is Whole Foods. A casual drink at a lounge in that area is ~$20.

I'd argue that its not good for the elderly on a fixed income to be living in an area where the prices are high.

Actually they have them dollar pizzas( now 1.50) around that area.. also 2 Trader Joe’s on that 14 a and 14 d bus line.. they also got a 5 and below on that bus line to as well as a Burlington coat factory etc.. I’m very familiar with that area.. there’s some over price shit and then there’s reasonable price shit. When you have gullible white people there will always be biz that will overcharge them suckers

 

[Flawless]

Projects were supposed to be temporary housing, most of them have been knocked down in my city.

Where were the residents to live then?

 

[DragonXJC]

Where were the residents to live then?

The housing authority assists with relocation but we all know that's easier said than done. In most redevelopment projects, residents have the right to return when the new buildings are habitable.

 

[brickcityhustla]

Its about time, projects are substandard death traps that breed generations of drug addicted poverty minded thinkers and bring down property values. I know Abu that runs the local liquor store will be mad but he's made enough money off the backs of weak poor blacks for long enough.

 

[Madrox]

Nah alphabet city is on the lower east side of manhattan… this is on the lower west side.. funny thing is you could take the 14st crosstown bus and it will take you to both parts

..or the L

 

[gene cisco]

The housing authority assists with relocation but we all know that's easier said than done. In most redevelopment projects, residents have the right to return when the new buildings are habitable.

Shit, there are places around the country still dealing with relocation from the projects that were taken down years ago. Relocation efforts completely destroyed some neighorhoods.

I remember years ago SOME of us said it was purposeful because they always relocate project folks to black areas that are doing ok. Then the ok areas end up fucked up, property values tank, and black property owners end up losing. Same formula played out around the country.

 

[shonuff]

first a couple of things

1 - the housing authority in NYC is horribly run - and while these people may get a new residence they for the most part will all lose where they live

2- the problem isnt more housing - at least not in a place like a major city - the problem is demand and the number of people that need housing and that housing needs to be a level that they can afford which is not going to happen in an in demand market like New York - there are 2 and 3000 dollar a month apts and all building more will do is flatten the price and make more 2 and 3000 dollar a month apts.

to drive down the price means the RE market will have to tank OR demand will have to drop off so badly that again the market will tank ( or just flatten out at the rate its at which is more likely ).

NYC is not building for neighborhoods anymore - i seriously doubt any major city is - the time of places( or rather apts ) being inhabited by peopel for more than 10 yrs is going .....its all about turnover - and turnover means sustainability and profit

As for there einv 10k plus apts being warehoused - that shit doesn't make sense

This is one if THE hottest RE markets esp for rentals - a rental not being rented is a drag on a bottom line -

Its makes no sense for a small property owner to do such a thing and it absolutely makes no sense for a large corp.property owner to do it eap when they nickle and dime their tenants for any and everything .

But the real is this - there are 10s of thousands of people looking for an apt and there's are millions of apts in this city at a current rate of rent with ppl.willing to.pay a premium to get them

Even IF there were 20k apts dropped on the market that wouldn't move the needle one bit towards driving down the current standard price of monthly rent.

Again the solution for affordability isn't building more - they are building now and still.its not enough .

There are 5 brand new multistory high rise apts around me and the rent is still going up in my neighborhood