Orva Shoes, a popular Manhattan-based footwear retailer, is moving in adjacent to Carter’s Children (which is scheduled to open this month) right in the Hub, the retail heart of Melrose and the South Bronx — an area that sees over 250,000 people a day.
Boston Market has signed a ten year lease for a 2,600 square foot ground floor space at Triangle Plaza in Melrose on 149th Street which is currently under construction.
The $35 million Triangle Plaza is slated to finish construction by Spring of 2015 and already Metropolitan College of New York is on board to move its headquarters to the development and occupying the upper level and a Fine Fare supermarket will be located at Triangle Plaza as well.
Via the Wall Street Journal
By DONNA KARDOS YESALAVICH
The amount of new retail space across the U.S. has remained relatively flat in recent years, but New York’s Bronx borough has emerged as a hot spot.
At least five major shopping malls or centers are under way in the Bronx that will add more than 1.4 million square feet of space, one of the largest local retail expansions in the country. Despite the swell of supply already in the pipeline, developer Equity One Inc. last week said it would increase the size of its Broadway Plaza shopping center by 33,000 square feet to 148,000 square feet at an additional cost of $13.8 million, boosting the project’s total price tag to $66.5 million.
Yesterday on New12 The Bronx, a lot of fanfare was made about the new mall coming to the Southern Boulevard BID in Hunts Point which is being touted as bringing much a much needed economic boost to the area but at what cost?