Posted Jan 9, 2025, 1:38 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,637
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https://www.6sqft.com/city-selects-team-...nto-community-hub-with-affordable-homes/
City and state select team to transform historic Kingsbridge Armory into community hub with 450 affordable homes
By Aaron Ginsburg
January 8, 2025
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City and state officials announced Tuesday the development team that will redevelop the century-old Kingsbridge Armory as an event space, sports field, cultural center, and 450 new affordable homes. Developed by 8th Regiment Partners LLC, a joint venture between real estate firm Maddd Equities LLC and Joy Construction, the project, dubbed El Centro Kingsbridge, is scheduled for completion in 2032.
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Designed by architect Lewis Pilcher in 1917, the Kingsbridge Armory has more than 570,000 square feet of floor space, making it the world’s largest armory. The property was used by the U.S. military until 1994 and the city took over ownership of the building in 1996.
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The project is expected to generate almost $2.6 billion in economic impact over the next three decades while creating more than 3,000 construction jobs and 360 permanent jobs.
An environmental review is slated to begin this winter, and the uniform land-use review procedure is expected to commence in mid-2025.
Construction is expected to start in 2027 and finish by 2032, as first reported by The City.
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