BDG Enters the Bronx with 40KSF Retail Complex
- Apr 06, 2015
The bland corner of Southern Blvd. and Hunts Point Ave. in the Bronx is set for a complex makeover project that will add a new urban retail center in the borough.
Called The Crossing, the retail complex is being constructed by the Blumenfeld Development Group (BDG) and was designed by the architectural firm Studio 5. The project marks the company’s first-ever venture into the Bronx and is scheduled for completion in 2016.
“BDG has brought its unique commitment to development excellence to landmark buildings in Manhattan, Staten Island and Queens,” said in a prepared statement David Blumenfeld, president of BDG Construction Corp. “Our arrival in the Bronx marks the beginning of a unique opportunity for the company and a great experience for the community,” he added.
The Crossing is located near the Hunts Point Ave. station on the #6 Lexington Ave. local/Pelham Express subway line which counts approximately 3.2 million riders annually. At 40,000 square feet of space the project will be the largest retail space of this kind an area, which has been underserved for a long time—even though rent prices have been traditionally lower here than in other boroughs.
The Crossing is being built on a 19,000-square-foot triangular that used to serve as a gas station with enclosed workshop. According to PropertyShark, the property is owned by the Prusik Group, a retail development and investment company who previously worked with BDG to co-develop two urban retail projects in the New York City metropolitan area.
In a press release, BDG said several brand names already signed as tenants at The Crossing. So far the list of tenants includes Dollar Tree, Dunkin Donuts, McDonald’s and Red Lobster.
Rendering courtesy of the Blumenfeld Development Group