In the development pipeline is the proposed Bronx Point project in the South Bronx, which at full build-out will include up to 1,045 housing units and a hip-hop museum.

NEW YORK CITY—Buoyed by a strong residential development market, new construction starts in the Bronx are expected to top $2 billion this year, according to a report released today by the New York Building Congress.

The report notes that while several new large public works projects have came on line this year, the residential housing sector in the borough has accounted for more than 50% of the construction starts in the first nine months of this year.

The report—“Construction Outlook Update: Bronx Construction Starts”— notes that for the first nine months of this year, the Bronx represented 5% of the total value of construction starts for New York City. This is a slight decrease from the 7% registered in 2016. In 2015, the Bronx accounted for 5% and in 2014 it represented 4% of all new construction starts in the city based on construction start data provided by Dodge Data & Analytics.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.