Rendering of 425 Westchester Ave. in the South Bronx
NEW YORK CITY—The global private investment firm Starwood Capital Group and real estate firm AB Capstone are developing a 147,000-square-foot, mixed-use facility in an Opportunity Zone in the Bronx.
Located at 425 Westchester Ave., the 10-story development will be anchored by a pre-K through eighth grade school, run by Zeta Charter Schools. The building will include office space for a non-profit and ground-floor retail. The developers declined to provide an estimated cost of the project. However, construction is expected to begin this month with an anticipated completion in summer 2021.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
