235,000 sf Bronx retail mall opens.The ribbon was cut on River Plaza, the largest retail development to open in the Bronx in more than a decade. Developed on the former site of a vacant warehouse and other abandoned industrial buildings, the 235,000 s/f retail center, anchored by a 35,000 s/f Marshall's and a 130,000 s/f Target store, will create more than 1,000 jobs. The privately financed. $90-million development is expected to generate $12 million in annual tax revenue for the City. Kingsbridge Associates LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control partners Jerome Kessler, James P. Levin, Aaron Malinsky and Paul Travis joined the Mayor and Borough President Borough President (informally BP, or Beep in slang) is an elective office in each of the five boroughs of New York City. The offices of borough president were created in 1898 with the formation of the City of Greater New York. for the ribbon-cutting ceremony at the shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , located at 40 W. 225th St. in Marble Hill Marble Hill is the name of several places:
"Today, as we celebrate the opening of River Plaza, more than 1,000 people can look forward to coming to work here and thousands of community residents can look forward to affordable, high-quality shopping opportunities," said Mayor Michael R. Bloomberg. "River Plaza is just another example that our administration's focus on job creation and economic development in all five boroughs is working and I want to thank the employers at this shopping center for their focused attention on local hiring. River Plaza opens just in time for shoppers to take advantage of the upcoming 'Summer Sales Tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. Free Week,' right before Labor Day and the start of the new school year." "On what was once an underutilized site, we now have this phenomenal development, which will benefit the residents of the Bronx in countless ways," said Bronx Borough President Adolfo Carrion. "We are pleased to welcome River Plaza to our neighborhood." In addition to Marshall's and Target, River Plaza includes Payless ShoeSource, Lane Bryant, Lazarus, Washington Mutual, Radio Shack, Kid's World, Bon Bini, City Jeans, Rincon Musical, Starbucks, Sprint, Celines Toribio, APS Business Solutions and a free-standing Applebee's. "The opening of River Plaza is enormously positive for this area--it is the largest private investment in the West Bronx to date, totally unsubsidized," said Paul Travis, principal of Kingsbridge Associates LLC. "It is going to fill a void in a neighborhood that is severely underserved from a retail standpoint and it is going to provide valuable jobs for the residents who live here. We would like to thank the local community, who has been very supportive in making this project a reality." In June 2004, over 500 prospective employees attended a job information fair sponsored by Kingsbridge Associates and councilman Miguel Martinez at St. Steven's Church in the Bronx. Participating River Plaza tenants included Applebee's, Marshall's, Radio Shack, Payless, and Washington Mutual. Target also held a job fair at the Department of Labor's South Bronx location in May 2004. River Plaza sits on 9.5 acres along the Harlem River, adjacent to the Major Deegan Expressway The Major William Francis Deegan Expressway (sometimes called "The Major Deegan" or simply "the Deegan") is an 8.4 mile (13.5 km) part of Interstate 87 in the New York City, USA, borough of The Bronx. and West 225th Street. The site is the former home of a warehouse utilized by Columbia-Presbyterian Medical Center to store medical records, along with five smaller commercial properties. The new retail center is comprised of three one- and two-story buildings, which house 16 storefronts located on West 225th Street. Greenberg Farrow farrow see farrowing. Architecture and Rosenbaum Design Group Architects designed River Plaza. Construction financing for the retail center was provided by North Fork Bank North Fork Bank was an American bank headquartered in Melville, New York purchased by Capital One at the end of 2006 for $14.6 billion U.S. dollars. It was only the second bank bought by Capital One, and was the larger of two acquisitions comprising Capital One's 2005-06 expansion and permanent financing Permanent financing Long-term financing using either debt or equity. permanent financing The long-term financing that supports a long-term asset. was arranged by Citigroup. In 2002, The Real Estate Board of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of honored River Plaza with the award for the Most Important and Creative Retail Deal in the Outer Boroughs. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion