The Anatomy of Gentrification: How the Clock Tower Building is Changing the South Bronx
The Real Deal
By Eddie Smalls
Carnegie Management's building opened in 2002 and is helping usher in a wave of development
In Williamsburg, the slow crawl of gentrification kicked into sixth gear following the 2005 rezoning. In Long Island City, the City Lights co-op spurred a kingdom of high-rise luxury towers. And in Mott Haven, it started with the Clock Tower.
In 2002, well before the cranes, sushi restaurants and cafes sandwiched themselves between rows of brick townhouses and Robert Moses-era public housing, Carnegie Management converted a former piano factory into lofts. The 90-unit rental on the main commercial drag at 112 Lincoln Avenue boasted features seen in trendier locales — a rooftop deck and chic restaurant — and the developers placing the biggest bets in the South Bronx today credit the project with putting Mott Haven on the development map.
