A Diamond in the Rough: Port Morris is A Developers Gold Mine
The Brooklyn Boom is now just a distant pop, the Queens and Harlem fire sales are beginning to sizzle. Investors and developers are setting their sites on the underdeveloped waterfront lots of the South Bronx. One such waterfront neighborhood at the forefront of Bronx development is the small pocket under the Bruckner and Deegan expressways named Port Morris.
Port Morris is primarily known as an industrial enclave. The neighborhood servers as a crossroads leading to many warehouse and loft buildings. After former New York Mayor Micheal Bloomberg pruned the zoning laws in the Port Morris area many of the property owners began renovations for mixed commercial and residential use. One such property is the landmark Clock Tower Lofts at 112 Lincoln Ave. The Clock Tower Lofts is a brick 75 unit structure that served as home to a piano factory. Now the Clock Tower Lofts are home to shaggy haired twenty something transplants from other New York areas and beyond.
The industrial setting is attracting investors who are converting the low rise commercial loft buildings into high end luxury rentals and bare bone exposed brick loft spaces which allow the renters to customize the units themselves. The duality in the renovations and at market rent rates make the area desirable to many different types of renters. Investors and Renters be aware the developers are here in the Bronx and it is your time to get a piece of Bronx Gold.
Published By:Mark Ramos
TRG LUXURY MARKETING