Two things

That location in the picture is not Hunts Point. I know that area very well, my parents live on 153rd street. This is about two to three blocks away from Lincoln Hospital.

I have read about these incubators coming to the Bronx, and I support and encourage more to come to the borough. As far as the perception of the Bronx is concerned, it does have a perception problem (particularly the South Bronx) along with a host of other classic urban issues like gangs, drugs, bad schools, pollution, etc.

BUT, the borough has been improving (albeit a bit slow). The South Bronx in particular has the highest rate of new real estate construction in all of NYC the past 2/3 yrs. Lots of new residential/green buildings not too far from the area in the picture have been sprouting up.