When the KFC fried chicken place disappeared, CTT photographed and profiled the lot.
That was about 2 years ago.
Today we can see what’s finally planned, eight stories of housing and two big box stores.
ABS Real Estate is campaigning new retail space at
“255 East 138th Street”.
The word “gentrification” is descended from the term “gentry.”
Gentry comes from an old French word “genterise” from the 14th century, meaning “of gentle birth;” “landed gentry” are people “wellborn of good breeding, refined and polite.”
Today gentrification has evolved to mean the influx of middle-class people displacing lower class residents in urban neighborhoods.
We ClockTowerTenants, with our fab martini bar, in a way are landed gentry.
We are even part of their marketing campaign.
watch your rent go up
ReplyDeleteIndeed. Rent appears to be the only item exempt from the maxim "What goes up....."
ReplyDeleteI just found out a middle income apartment in an 80/20 building in Manhattan costs $2,600 for a one bedroom and you must earn 96,000 a year. We better start checking low income requirements.
ReplyDelete