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Gateway Center at Bronx Terminal MarketRSS

The $500 million Gateway Center at the Bronx Terminal Market – one of the largest private sector investments ever in the Bronx – will redevelop a portion of the current Bronx Terminal Market site along with the Bronx House of Detention. The development will include retail and restaurant space as well as restore public access to the Harlem River. The developer plans to incorporate environmentally-friendly design concepts into the construction of the new facility. Proponents of the proposal hope that the development will beautify and revitalize the area, ultimately encouraging other businesses to invest in the community.

Some local residents, however, are concerned about how much of the tax revenue will be used to support the local area, and whether the new retail options will be accessible to the poor in the area. Proponents of the plan counter that the development will provide thousands of jobs – about 2,900 construction jobs and 2,100 permanent retail jobs. The City Council, Community Board, and the Bronx Borough President are supportive of the plan. The City Council approved the plan in March 2006, construction began August 14th, 2006, and completion is expected in the fall of 2009.

Economic Turnaround in Bronx Real Estate Market

Vornado Realty Trust’s purchase of the Bruckner Mall for $165 million, as well as the construction of the $395-million Gateway Plaza Mall at the old Bronx Terminal Market, signal the ascension of the real estate market in the Bronx. Observers credit the conflicting characteristics of the borough: cheaper rent and smaller parcels of land, as reasons for the recent acquisition of major properties. In addition, some credit the pro-development policies of Bronx public officials for the recent deals.

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2006: A Year of Development in the Bronx

The year 2006 saw many large-scale development plans in the Bronx: a new $800-million Yankees stadium to be finished in 2009, a $500-million new Gateway Center at the Terminal Market also to open in 2009, and the City’s pledge to build 12 acres of open green space as part of the Hunts Point Vision Plan and South Bronx Greenway Project. These are only a sampling of many development plans that are underway or being considered in the borough. Many of these plans are cause of great debate and disagreement. NY1 covers the range of projects in the Bronx.

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Green Building Good for Development, Says Bronx

Bronx Borough President Adolfo Carrión released a report last week detailing ways in which eco-friendly development is good for both the environment and the development community. According to the report, economic viability and environmental friendliness are not mutually exclusive. The report explores incentives for developers and manufacturers using green-materials. Such green initiatives are in process at numerous Bronx development sites, including the new Yankee Stadium, the Gateway Center at Bronx Terminal Market and the Hub Retail and Office Center.

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Development and Dollars In The Bronx

The New York Post reports that the company building a $500 million shopping complex at the old Bronx Terminal Market is contributing to politicians who may play a role in determining the details of the project. City council members on relevant committees are among those the Post cites as receiving donations. Construction on the one million square foot project began this summer.

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Uplifting South Bronx

Adam Weinstein, the chairman of the Phipps Community Development Group, predicts a period of rejuvenation for the South Bronx. The groundbreaking for the Gateway Center at Bronx Terminal Market and the new Yankee Stadium are believed to boost the economy of the area, bringing in more jobs and uplifting the pride of the neighborhood.

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Ground Breaks at Bronx Terminal Market

The city broke ground Monday on 1 million square feet of retail space at the site of a massive fruits and vegetables wholesale market for what the Mayor calls the largest private investments ever in the Bronx, a borough that includes some of the city's poorest neighborhoods

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South Bronx vision

The mayor and Borough President Adolfo Carrión announced yesterday a city initiative to maintain the revitilization of the South Bronx.

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Baldor Will Appeal

Baldor is appealing a Bronx state supreme court ruling that called for a new process that includes a reasonable amount of time for applicants to make proposals, .

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Market Closes Its Doors

After 80 years in business, the Bronx Terminal Market closed its doors for good on Wednesday.

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Business Improperly Chosen for Hunts Point, Judge Says

The State Supreme Court ruled on Monday that the Bloomberg administration did not follow the correct process when it selected Baldor Specialty Foods to be the occupant of a vacant warehouse at the Hunts Point Terminal Market.

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Impact from Olympic Bid Still Being Felt

New York may have lost its bid to host the 2012 Olympics nearly a year ago, but the effects of the planned developments surrounding the proposal are still being felt, especially in the outer borough areas where much of the development was proposed.

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Recent Projects Divide Communities

A trio of recent projects in New York - the new Yankee Stadium, the Gateway Center at the Bronx Terminal Market, and the redevelopment of Willets Point - have brought community upheaval, as issues of community relations, economic development, and politics are played out in the public planning process.

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Will Community Benefits Agreements Hold Up in Court?

A panel of lawyers and other experts debated the meaning and legality of community benefits agreements, which have been used as contracts between developers and communities in projects such as Atlantic Yards and the Bronx Terminal Market.

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City Council Approves the Gateway Center project

Yesterday, the City Council yesterday gave the go-ahead to turn the Bronx Terminal Market into a $400 million retail center.

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Related Agrees to Help The Community

An agreement was finalized yesterday between the South Bronx, one of the poorest communities in the country, and Related Companies. The agreement will increase access for the poor in the community to the new Gateway Center.

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Bronx Terminal Market plan gets city OK

The New York City Council overwhelmingly approved a $400 million plan to redevelop the Bronx Terminal Market into a 1 million-square-foot retail center. The new development is expected to generate more than 5,000 new jobs, but will displace some small businesses.

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$395 million Bronx mall plan goes to Council

The proposal to turn the Bronx Terminal Market into a major shopping mall heads for a final City Council vote.

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Council's Power To Block BJ's From Bronx Mall Questioned

A proposal to build a multimillion dollar mall in a dilapidated area of the Bronx is sparking debate about whether the City Council has the authority to use its land-use power to block certain stores - such as Wal-Mart and the wholesale outlet BJ's - from renting space in the complex.

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Court Ruling Is Big Blow To Merchants

This week the State Supreme Court ruled in favor of the city. They said the city has the right to lease the market to whoever it wanted. This may be the final blow to the merchants, leaving them and their customers very concerned about the future.

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Third Time's The Charm For City

The city's Economic Development Corporation has identified the source of its authority between Related and the leaseholders of the Bronx Terminal Market. The city identified a clause in the City Charter that gives it broad authoirty in the city-owned market, and the courts agree.

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What Happens to the Vendors at Terminal Market?

Q & A with Developer Irwin Cohen, the force behind Chelsea Market’s success. Cohen speaks about ways the development of Terminal Market can continue as well as the profitable existence of the food vendors that will have to be relocated.

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Bronx Market Merchants May Face Eviction

The eviction of the two dozen merchants occupying the Bronx Terminal Market could be imminent after the state Supreme Court rejected their plea to stay put.

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New York in building boom of historic scale

The number of permits issued for new private residential building units may reach 28,000 for 2005 -- 10 percent more than in 2004. The pace of new construction rivals prior booms in the 1920s, the period after World War II, and the 1960s.

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Commission approves Related Companies' Bronx Terminal Market plan

The Planning Commission approved the Related Companies' plans for a $394 million, one million-square-foot development of retail space, a hotel, and banquet facility on a 16-acre site south of Yankee Stadium. The plans next go before the City Council.

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Bronx Terminal Market and the subverting of the land use review process

The city is offering a "money-back guarantee" to The Related Company -- the developer of the Gateway Center at Bronx Terminal Market -- if the site's new zoning isn't approved. This, Tom Angotti argues, subverts the city's land use review process.

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Union's Oppose Big Box Merchants At Terminal Market

Union representatives used a public hearing before the City Planning Commission, which is considering Related's plan for the Bronx terminal Market, to express their opposition to the inclusion of any non-union big box retailers.

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Bronx terminal market foes to protest

As the Bronx Terminal Market redevelopment plan gets a City Planning Commission hearing today, opponents planned a protest and neighbors were working on a compromise.

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Mayor's Deal With Related at Bronx Terminal Market Criticized

The city's deal with the Related Companies regarding the development of the Bronx Terminal Market has been called excessively supportive in an area where market forces could foster successful development on their own.

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Fairness of City's deal with Related Companies questioned

City officials defend their decision to approve the transfer of the Bronx Terminal Market to the Related Companies without opening the process to public bids.

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Merchants at Bronx Terminal Market voice discontent

Ethnic foods wholesalers at the Bronx Terminal Market went on a rent strike to protest the city's deal with The Related Cos. for the Gateway Center. The merchants also called for an investigation into Related's lease on the market.

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Community Board committees recommend approval of Gateway Center project

Two Bronx Community Board 4 committees recommended approval of the Gateway Center mall proposed for the Bronx Terminal Market site. The proposal now goes before the full Community Board.

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A Report About Rethinking Development in New York City

This report promotes development through the reduction of manufacturing zoning and increased residential zoning. It examines a specific community in each of the five boroughs to support this strategy.

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The return of urban renewal: Dan Doctoroff's grand plans for New York City

Susan Fainstein argues that we have entered the post-Robert Moses era of urban renewal in New York City. Daniel Doctoroff and Michael Bloomberg, the masterminds of the new era, invoke economic development rather than slum clearance, but "as in the first stage of urban renewal, [their projects] represent the imprint of a master builder rather than community-based planning."

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Gateway Center: economic development engine or a raw deal for small business?

The New York City Economic Development Corporation estimates the proposed Gateway Center mall will create 5,000 jobs and that the project's developer will invest $300 million in the community. But 22 existing vendors at the Bronx Terminal Market have filed a lawsuit against the city in order to increase the city's $8 million relocation package to cover the costs of moving and starting over in new neighborhoods.

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Ferrer iffy on Bronx Terminal Market

Former Bronx Borough President Fernando Ferrer has some concerns about the Bronx Terminal Market redevelopment project. He wants to see more public involvement in the process that will result in the eviction of existing market vendors. He is also worried about plans to redevelop the site of the Bronx House of Detention as part of the project.

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Axing Bronx Terminal Market a threat to city identity

In order to preserve part of the city's identity and the livelihoods of hundreds of people, Albor Ruiz argues that the Bronx Terminal Market should be sold to the Bronx Terminal Market Preservation Association, an organization founded by the Market's current operators.

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Small businesses fear for future in the Bronx

The Gateway Center redevelopment proposal is drawing fire from the businesses it would displace and prompting allegations of conflict of interest. The lucrative deal the city struck with The Related Companies calls for evicting of merchants from the Bronx Terminal Market and replacing them with retail stores. The market is the largest seller of ethnic and tropical produce on the East Coast. Tenants complain that if their businesses are dispersed by relocation, they will lose most of their customers - who usually buy from several vendors at the market.

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Bronx Terminal deal loaded with financial incentives

According to New York Newsday, "the city's deal for the Bronx Terminal Market is loaded with financial plums worth millions for a partnership controlled by developer and NYC2012 backer Steven Ross." The Ross partnership owns the lease to the site.

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Produce merchants get the boot for a City Hall favorite and another Olympic stadium

The Bronx Terminal Market remains the largest provider of ethnic and tropical produce on the East Coast. Last year Michael Bloomberg announced plans to wipe out the produce market and replace it with 1 million square feet of retail shopping. The NYC2012 bid has also planned an Olympic velodome at the site.

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Bronx Terminal Market merchants take on the city

Merchants at the Bronx Terminal Market, including fruit, vegetable and meat wholesalers, are claiming that city officials have broken their promise to keep the consortium together when construction of the Gateway Center begins next year.

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Furman Center for Real Estate and Urban Policy | NYU School of Law | 40 Washington Square South, Suite 314-H | New York, NY 10012 | 212-998-6713