Booming Bronx: Tremont Renaissance Project Will Transform The Center Of The Borough, Bring In New Residents And Businesses

  BRONX, NY - 04/25/2017 (PRESS RELEASE JET)

Construction has begun and retail leasing is underway at Tremont Renaissance, located at 1910 Webster Avenue in the fast-changing East Tremont section of the Bronx. The building, an affordable housing development that also fronts Webster and East Tremont avenues, symbolizes the borough’s vitality and viability.

As sustainable, transit-based developments transform urban spaces across the country, that trend is now transforming the heart of The Bronx after the city changed the zoning code to spur residential and retail development in what was once a neighborhood of warehouses, factories and auto repair shops. Tremont Renaissance is located steps away from the Tremont Metro-North station, the Tremont Avenue subway station on the B and D lines and several bus routes.

But what makes Tremont Renaissance so unique is that these changes come not through gentrification, but by offering quality housing to low-income and moderate-income families. Half of the 256 units in the twelve story building will rent to people making from $38,100 annually for an individual and $48,960 for a family of three. The rest will rent to people making up to $76,200 for an individual and $97,920 for a family of three.

Amenities usually found in tony Manhattan developments will include a health and fitness center, a children’s play area, an Internet lounge, private terraces, several landscaped rooftops and a yoga, Pilates and dance studio.

Quality retail spaces will also bring new options to current and future residents. Tremont Renaissance will contain four ground floor commercial units totaling almost 40,000 square feet. Expected uses for the spaces include a medical office, supermarket, retail (perhaps a pharmacy) and a discount store. Kathy Zamechansky and Gina Watson at KZA Realty Group are the exclusive agents for the building’s retail units.

“As this area of The Bronx becomes a bustling hub of activity and development brings in new residents, consumers are clamoring for more choices,” said Zamechansky, President, KZA Realty Group. “This new building will address those requests.”

Tremont Renaissance is one of the largest developments to close in 2016 under Mayor Bill DeBlasio’s Mixed Income Program: Mix & Match affordable housing program. The city’s Department of Housing Preservation, Housing Development Corporation, the City Council, the Bronx Borough President’s office and private sources provided funding and incentives for the $117.7 million project.

“Instead of contributing to the forces of gentrification, Tremont Renaissance offers a great opportunity for low, moderate-income and upward-bound families,” said Radame Perez, Chief Operating Officer of the project’s developer, Mastermind, Ltd. “The development represents an opportunity for families to remain in the community instead of leaving the city due to rising housing costs and will also create about 175 permanent jobs.”

About KZA Realty Group

KZA Realty Group www.kzarealty.com is a commercial real estate brokerage and development consulting firm based in New York City. Founded in 1998 by real estate professional Kathy Zamechansky, KZA specializes in commercial planning, project management, community and government relations, finance, marketing, and communications. Ms. Zamechansky is the President of the Bronx Manhattan North Association of Realtors and a member of several community and business organizations in the Bronx and Harlem, including the Board of Directors of the Bronx Overall Economic Development Corporation, Board of Governors of the Bronx, the Manhattan Board of Realtors, the Board of Directors of the New Bronx Chamber of Commerce, the Harlem Business Alliance and the Advisory Board for the Fund for the Future Women Leaders of the Bronx. In 2009, she was named one of the 25 Most Influential Women by The Bronx Times Reporter and was awarded the Realtor of the Year by the Manhattan North Association of Realtors (BMAR). She may be contacted directly via cell at (347) 386-9452 or email at kzama@aol.com.