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BRONX, NY-In a conference call, White Plains-based Acadia Realty Trust said costs for a redevelopment here at 400 East Fordham Road here have blossomed to between $60 and $70 million, instead of the $35 to $40 million originally estimated for the effort, which is part of the firm's urban infill concentration. The company is also in negotiations for two additional sites in the city.

"There is strong tenant demand," said Kenneth F. Bernstein, Acadia's president and CEO. "National retailers are underrepresented here." The footprint will be larger and the scope expanded. The company is in negotiations for two more redevelopment projects, one in Northern Manhattan and the other in Brooklyn.

"We're building a nice pipeline for future growth," Bernstein continued. These projects are expected cost approximately $100 million, as well. Its second project is a $30 to $35 million effort in Pelham Manor, NY. The company entered into a 95-year ground lease for a 16-acre site which will be redeveloped into a multi-anchor community retail center.