Highlights Over $9.4 Billion in Total Bronx Development Since 2009
Bronx Borough President Ruben Diaz Jr. has issued his annual development report, highlighting the total development seen in The Bronx since he first took office in 2009 through the end of 2015.
“Great things are happening here. We are seeing unprecedented levels of development in The Bronx, including new housing units of all types and vibrant commercial projects. As we continue to attract new investors and new interest in our borough, my office will continue our efforts to ensure that the ongoing revitalization of The Bronx works for everyone,” said Bronx Borough President Ruben Diaz Jr.
The report notes that, in total, The Bronx has seen more than $9.493 billion in total development in all categories since 2009, when Borough President Diaz first took office. In 2015 alone, The Bronx saw a record $2.385 billion in new development.
The report finds that, between 2009 and 2015, more than 23,000 new units of housing and over 54 million square feet of total development. In 2015 alone, the borough saw more than 10 million square feet of development and nearly 7,000 units of new housing, higher numbers than any year of Borough President Diaz’s tenure.
The report follows other encouraging news about the continued economic growth of The Bronx. Late last month, the New York State Department of Labor announced that the borough’s unemployment rate had fallen to fell to 6.6 percent in April 2016, down from 7.9 percent in March 2016 and 7.8 percent in in April 2015. This is the lowest unemployment rate the borough has seen since Bronx Borough President Ruben Diaz Jr. first took office in May 2009. Those same statistics showed that more than 100,000 Bronxites are employed today than when the borough president first took office.
