It’s Official: The South Bronx is Gentrifying, Report Says
DNAinfo
By Eddie Small
SOUTH BRONX — The Bronx isn't burning — it's gentrifying.
Gentrification began long before a developer put up a billboard in the neighborhood calling it the "Piano District," according to a new report from NYU's Furman Center, which defines gentrification as low-income areas of the city that have seen rapid increases in rent.
Mott Haven/Hunts Point and Morrisania/Belmont were the only two areas in The Bronx to make the report's list of 15 neighborhoods in the city that fit the description. Others on the list include Astoria, Williamsburg and the Lower East Side.
Average rents in Mott Haven/Hunts Point rose by 28 percent between 1990 and 2010-2014, and they increased by 23.5 percent in Morrisania/Belmont during the same time period, according to the report.
