Blossoming on the southeastern edge of Prospect Park, in Prospect-Lefferts Gardens, is a rare sight: luxury apartment buildings. Over the years, development in the neighborhood has been scattered, which may have had something to do with lingering concerns about crime, according to developers, brokers and residents. But that image is outdated, they said.
Despite an underwriting environment that has tightened significantly, large-scale, inventive residential projects are still rising in Brooklyn, where developers and New Yorkers have flocked in droves over the last decade.
Watch a video about the groundbreaking at La Central in the Bronx.
Redeveloping former jails sounds like a grim undertaking. But it’s happening more and more across the nation. After decades of skyrocketing prison rates — spurred by more stringent sentencing guidelines — the inmate population finally began dropping under President Barack Obama.
Following a crucial vote by The New York City Council Committee on Land Use, a massive redevelopment proposal for the long-vacant Spofford Juvenile Detention Center in the the South Bronx will officially move forward. The project is expected to have transformative effects on the surrounding Hunts Point neighborhood, and is the latest component of the city’s multi-billion dollar initiative to rejuvenate the South Bronx.
