South Bronx office tenants frustrated with lack of retail

New York /
Sep.September 09, 2013 03:02 PM

New tenants at the Sunshine Bronx Business Incubator have helped breathe life into the landmarked BankNote Building. But they’re not happy with the Hunts Point, South Bronx, industrial area because of its lack of food and coffee options.

The building owner, Cheni Yerushalmi, spent $600,000 last year on renovations of the 104-year-old, former currency-printing site at 890 Garrison Avenue. He attracted 50 tenants, including an online marketing enterprise and a picture-book publisher, which pay nearly $500 a month for shared work space and a desk.

“There aren’t those charming places where you can go and just have a lunch break at the corner,” Yerushalmi told Crain’s.

Help is on the way, though. McDonald’s and Red Lobster plan to move by spring 2015 into a $30 million, 45,000-square-foot shopping mall called the Crossings at Southern, four blocks from the office. Also, the city’s Human Resources Administration is arriving next September. [Crain’s]Mark Maurer


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 
Prana pays Related $36M in Bronx multifamily play
Prana pays Related $36M in Bronx multifamily play
448 East 143rd Street in the Bronx (Credit: Google Maps)
Private developer’s NYCHA project in Mott Haven lands $79M in financing
Private developer’s NYCHA project in Mott Haven lands $79M in financing
1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)
Maddd Equities, Joy Construction score $64M for massive Bronx project
Maddd Equities, Joy Construction score $64M for massive Bronx project
G&M Realty's David Wolkoff (Getty, 5Pointz LIC)
Wolkoff’s $300M for 5Pointz tops outer-borough loan list
Wolkoff’s $300M for 5Pointz tops outer-borough loan list
132-05 Avery Avenue, 902 55th Street in Borough Park and 750 Grand Concourse. (Google Maps)
Three landlords slapped with six-figure fines for carving up buildings
Three landlords slapped with six-figure fines for carving up buildings
Brookfield’s Bankside rendering and CEO Brian Kingston (Brookfield, ArX Solutions)
Brookfield’s $190M loan for Bankside tops February outer-borough list
Brookfield’s $190M loan for Bankside tops February outer-borough list
Benchmark's Jordan Vogel with 826 Madison Avenue (top) and 581 Austin Place (Linkedin, Google Maps)
Benchmark picks up UES building; SNL snares Bronx warehouse
Benchmark picks up UES building; SNL snares Bronx warehouse
Clockwise from top left: 1529 62nd Street in Bensonhurst, 46-28 21st Street in Long Island City, 128 Houston Street in the Bowery, 718 East 211 Street in East Bronx and 47 West 55th Street in Midtown (Google Maps)
Mid-market sales slow in final weeks of the year
Mid-market sales slow in final weeks of the year
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...