New Development in The Bronx Will Include Affordable Housing and The Universal Hip Hop Museum
New York City has announced a $300 million-plus plan to renovate a stretch of property by the Harlem River in The Bronx. Developed by L+M Development Partners with Type A Projects, the impressive compound, called Bronx Point, will include over 1,000 permanently designated affordable housing units, an esplanade, an outdoor theater, a food hall, and will be the future sight of The Universal Hip Hop Museum.
The first phase of construction will bring in around 600 of the affordable housing units for extremely low- to moderate- New Yorkers. As Zoe Rosenburg wrote for Curbed NY, this phase will ‘include a new 2.3 acre waterfront esplanade and park that will connect to Mill Pond Park, an outdoor performance space with public seating, a public plaza along Exterior Street, a multiplex movie theater, the Universal Hip Hop Museum, a food hall curated by the founder of Foragers that will focus on incubating Bronx-based food and beverage purveyors, and space for educational programming.’
Additionally in the plans, new street lights will go up, access to high-speed internet will be expanded new sidewalks will be constructed, as well as other cosmetic amenities to the area.
Although this is exciting and welcome news, one can be prescient to the gentrification that might take place following the construction. Much of The Bronx has been untouched by gentrification, so any new developments will certainly be seen as foreshadowing.
Phase one is set to be completed by 2022.