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City Taps Local Developer for 226,000-SF Bronx Project

NEW YORK CITY-A local developer's proposal has gotten the nod from the city's Economic Development Corporation to build a 226,000-sf mixed-use complex on a partially vacant Bronx site.

By Glen Thompson | Updated on September 04, 2001

NEW YORK CITY-Manhattan-based developer the Related Cos. LP has won the bid to develop a massive parcel of city-owned land that stretches along three blocks of Third Avenue in the Bronx.

If the deal goes through, Related hopes to be in the ground in roughly six months and plans to deliver the project in two years, according to New York City Economic Development Corporation spokeswoman Janel Patterson. Related’s proposal calls for 164,300 sf of retail space on two levels, possibly anchored by a Kmart store, and a third level comprising 61,700 sf of office space.

The complex would be built on a currently vacant parcel located on Third Avenue between 153rd and 156th streets. A 273-space existing parking garage on an adjacent lot would be renovated as part of the project, dubbed Bronxchester Site 12. The proposed site is just north of the Bronx commercial district known as the Hub.

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