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COMMERCIAL OBSERVER --The Bronx, NYC’s Final Development Frontier, Booms
October 10, 2014
As novel development sites in Manhattan, Brooklyn and pockets of Queens become scarce, real estate leaders are turning north to the Bronx, a borough largely seen as the final frontier of the city’s real estate landscape.
“Private investment has for too long overlooked the Bronx, and the collective populations who call the Bronx home—including Latinos, African-Americans and Asians—in our opinion have long been underserved by developers,” said Adam Zucker, Youngwoo & Associates’ director of business development. “With an immense waterfront stretch offering city views, numerous access points to Manhattan, and strong public transportation and highway infrastructure, the fundamentals are ripe for development.”