Prospect Ave. bet. N/B Cross Bronx Exwy. and Fairmount Pl.
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Both this playground and the nearby Fairmount Place are named after the 19th century Fairmount estate that was located here, owned successively by Colonel Dunham, Robert Cochran, and Thomas Minford. Prospect Avenue, adjacent to Fairmount Playground, gets its name for the prospect (view) that it affords of the East River.
Fairmount is located in the neighborhood of East Tremont. This was known as Upper Morrisania until the 1850s, when local postmaster Hiram Tarbox realized his mail was being mixed up with that of nearby Morrisania. He suggested the name Tremont for the three nearby hills: Fairmount, Mount Eden, and Mount Hope.