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Development Team Selected for Long-Vacant Bronx Armory
The Adams administration has selected a development team to transform the long-vacant, 570,000-square-foot Kingsbridge Armory in the Bronx into a mixed-use complex. El Centro Kingsbridge, the winning proposal in response to an RFP issued last summer, came from 8th Regiment Partners LLC, a joint venture of Maddd Equities LLC and Joy Construction Corp.
Phase One of the project will create an event venue space, sports fields for local youth academies, cultural and commercial space, more than 25,000 square-feet of dedicated community space and an educational facility focused on workforce development. Phase Two includes 450 units of permanently affordable rental housing adjacent to the armory.
“This is a wonderful example of a public-private partnership that will revitalize one of the most unique and historical buildings in New York,” said Gabriella Madruga, principal, Maddd Equities on behalf of 8th Regiment Partners. “We are humbled to be the stewards of a property and a project that will leverage New York’s rich historical past to create an exciting and dynamic future.”
The El Centro Kingsbridge proposal represents the third attempt at redeveloping the armory, which at one time was slated to become a skating rink.
- ◦Development
