The New York City Economic Development Corporation believes the vacant 80,000 square-foot site north of West 230th Street between Broadway and the Major Deegan Expressway can be part of a thriving retail hub, and it wants to hear from a few developers who agree.
On Wednesday, August 24, the EDC announced the issuance of a request for proposals for the purchase and redevelopment of the city-owned Kingsbridge parcel, called Broadway Plaza. The government organization envisions the site as part of a “Broadway retail corridor” in the Bronx that can attract shoppers from around the region due to its proximity to subways and highways.
The nearby former Stella D’oro factory will likely become a BJ’s Wholesale Club within the next few years.
Borough President Ruben Diaz Jr., who famously worked to kill the redevelopment of the Kingsbridge Armory into a retail mall because of concern over low-paying jobs there, spoke in favor of the RFP.
“This site has great potential and its development will give a major boost to not only Kingsbridge but to the neighboring communities of Riverdale and Marble Hill,” Diaz Jr. said.
The RFP asks interested developers to present plans that would enhance rather than stifle already existing area businesses, be economically viable, maximize revenue for the city, “expand and preserve quality jobs for local residents,” and achieve a silver LEED rating for energy efficiency.
Area government officials also pledged their support for the project.
Assmeblyman Jeffrey Dinowitz said “I am confident that development at this location will be a major shot in the arm for the entire community.”
Community Board 8 chair Robert Fanuzzi called Broadway Plaza a “prime spot for new retail development.”
The deadline for proposals is Monday, October 24. The EDC will hold an information session at Kimberly Place and Broadway in Kingsbridge on Wednesday, September 14.
©2011 Community News Group