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New York & Tri-State  + Uptown/Bronx  + Apartments  | 

Mott Haven Development Site Trades to Shorewood

RIPCO Real Estate closed the sale of 350 Grand Concourse, a prime development site located in the Mott Haven neighborhood of the Bronx. The buyer, Shorewood Real Estate Group, acquired the site for $28.5 million from Atlantic Development & Investment. RIPCO represented the seller and buyer in this transaction.

350 Grand Concourse spans more than 31,000 square feet and features more than 300 feet of frontage along the Grand Concourse. The RIPCO team included executive managing directors Mitchel Flaherty and Brian Whelan, vice chairman Stephen Preuss and VP of investment sales Kevin Schmitz.

“We are extremely pleased to have played a key role in the sale of 350 Grand Concourse, a truly exceptional development site in one of the Bronx’s most dynamic neighborhoods,” said Flaherty. “Mott Haven’s ongoing transformation into a thriving residential and commercial hub presents an unparalleled opportunity for developers, and this site is perfectly positioned to capitalize on that momentum.”

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Inside The Story

RIPCO's Flaherty

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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