Space at a new multi-use complex is filling up fast, but there’s still some commercial opportunities available.
On Monday, July 27, New York-based developer Triangle Equities announced it completed two lease transactions, totaling 24,900 square feet, at its $35 million, 88,000 square foot multi-use complex in the south Bronx.
Joining a nearly full roster of tenants including Fine Fare Supermarket, Metropolitan College of New York, Vistasite Eye Care and Boston Market are Brightpoint Health and DaVita Dialysis Center.
Brightpoint Health is a leading non-profit providing high quality medical and mental health care as well as social support care and services and will lease 16,000 square feet on the complex’s second floor.
DaVita Dialysis Center, a leading dialysis services provider treating patients with chronic kidney failure and end stage renal disease, will take 8,900 square feet of ground floor retail space.
With its anticipated fall grand opening drawing near, only 8,2000 square feet remain available for lease at this community-oriented project.
“We are thrilled with the leasing velocity and overall level of interest tenants have shown for space at Triangle Plaza Hub,” expressed Lester Petracca, Triangle Equities president. “With our grand opening fast approaching, we’re excited to finally bring the services and amenities of this community-centric development to a deserving area, which, we believe, will catalyze continued improvements to this outstanding neighborhood.”
According to Triangle Equities, there are two ground floor spaces of 3,900 square feet and 1,300 square feet still available in addition to an available 3,000 square foot pad site adjacent to the public plaza which presents a prime opportunity for a single tenant to develop a stand-alone building.
Located at the Hub, a Bronx transit center that over 200,000 people travel through daily, Triangle Plaza Hub was completed this August and will convert what was an under-utilized municipal parking lot in a generally underserved area into an active mixed-use commercial and community facility complete with 83 rooftop parking spaces.
Adding to the project’s commercial and retail attributes, an 8,000 square foot plaza at the intersection of Bergen Avenue and East 149th Street is also being constructed.
Fine Fare Supermarket will provide vital access to fresh food as part of NYC’s Food Retail Expansion to Support Health initiative.
The project enables MCNY to relocate from its existing Bronx campus to offer residents potential new job creation and more higher education opportunities.
Triangle Plaza Hub has been developed in accordance with energy efficiency and green building principals with a minimum goal of LEED Silver certification.
It is expected Triangle Hub Plaza will create approximately 188 permanent jobs and has created over 150 construction jobs.
Triangle is working with the city’s HireNYC program to develop a specified local hiring and workforce development plan to fill the newly created jobs.
Established in 1986, Triangle Equities was honored last year for this project with the Novogradac Journal of Tax Credits Community Development Award for Qualified Low Income Community Investment of the Year in the real estate category.
The award recognize exceptional achievement in local neighborhood development using the federal New Markets Tax Credit Program.
