accidents along this section between 1998 and 2005. The final part of the demonstration project was completed in 2008. Following the success of the "demonstration" reconstruction, the NYCDOT unveiled a four-phase capital project between 161st Street and Fordham Road as part of a capital project, which would receive funding directly from the city. The demonstration project was the first phase of the capital project. A reconstruction of the Grand Concourse between 166th and 171st Street began in 2013 and was finished in June 2017. Funding is being allocated for a reconstruction of the Grand Concourse from 171st Street to 175th Street, which is already in planning. In January 2017, the New York City Department of Transportation started planning for a fourth phase, which will renovate the section between 175th Street and Fordham Road. Gentrification Because of its attractive art deco buildings and close proximity to Manhattan, the southern portion has been experiencing gentrification and is drawing many young professionals to the area. Since the 2000s, the area around the Grand Concourse has been the center of what real state agents are calling a “renewal", with new residents moving in, and severe crime rates having decreased significantly. The New York Times cited several residents who believed that, while the region would experience demographic changes, it would be working-class, “community-oriented” people, as opposed to the richer individuals that have gentrified other neighborhoods of the city. Significant buildings Several buildings of importance to New York City and the Bronx, both because of their history and their current use, are located along the Grand Concourse. There are also numerous structures designated as New York City Landmarks (NYCL) and National Register of Historic Places (NRHP) on the Concourse. From south to north (in increasing address order), they include: 558 Grand Concourse – The Bronx General Post Office (NRHP, NYCL; built 1935-1937; architect Thomas Harlan Ellett). The interior includes a notable series of New Deal-era murals in fresco created in 1939 by Ben Shahn and Bernarda Bryson Shahn. 851 Grand Concourse – The Bronx County Courthouse (NRHP, NYCL; built 1931-1934; architect Joseph H. Freelander and Max Hausle) 1040 Grand Concourse – The Bronx Museum of the Arts (built 1961, converted to museum 1982, addition 2006) 1125 Grand Concourse – Andrew Freedman Home (NYCL; built 1924; architect Friedlander Jacobs), later converted into a small hotel 1150 Grand Concourse – The Fish Building (built 1937) 2403 Grand Concourse