In the August 15, 2024 New York Times Article, Plan to Build Thousands of Apartments Will Transform the East Bronx (https://lnkd.in/eA8uqk5Q), I was glad to read about this Bronx rezoning moving forward in anticipation of future commuter rail stations in the neighborhood. This looks like thoughtful planning for transit-oriented development. Combined with the new 485-x tax incentive (enacted April 2024), we can expect to see many new apartment buildings (including significant numbers of affordable housing units) built in this part of the Bronx.
If you have questions about a new development, please contact me for further information. Don’t forget to see R&E’s other industry alerts on 485-x: