Stagg Group files plans for 120-unit Bronx building

The proposed 83K sf project would add to the company’s significant Bronx holdings

New York /
Mar.March 22, 2017 01:45 PM

The Stagg Group TRData LogoTINY, one of the Bronx’s most active developers, on Wednesday filed plans for a six-story, mixed-used building in the Kingsbridge neighborhood.

The proposed 82,586 square foot development at 3469 Cannon Place would include 71,601 square feet of residential space and 10,985 square feet of community space, with a basement-level recreation area and community facilities, according to Department of Buildings filings.

According to the documents, the building would include 21 apartments on each of the first four floors and 18 on each of the top two floors. Plans also call for a 44-space parking area on the basement level.

Representatives at Stagg could not immediately be reached for comment.

Marin Architects is designing the building, according to filings.

Stagg, based in Westchester County, purchased the vacant land in December 2014 for $3.5 million.

The company also filed plans late last year for a 13-story, 163-unit apartment building just south of Van Cortlandt Park. A 2015 analysis by The Real Deal placed Stagg as the fifth-most active developer in the borough, having constructed 764 units across 14 buildings between Jan. 1, 2011 and July 31, 2015.

Stagg generally builds affordable housing units in Westchester and the Bronx, and also has a management arm that oversees over 1,200 units.

The Bronx saw over $2 billion of investment in residential building in 2015, with developers betting the borough will attract renters and buyers priced out of Manhattan and Brooklyn.


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
11 Penn Plaza and Apple CEO Tim Cook (VNO; Getty)

Apple snags more space at Vornado’s 11 Penn Plaza

Apple snags more space at Vornado’s 11 Penn Plaza
Amazon's Jeff Bezos, Google's Sundar Pichai and Facebook's Mark Zuckerberg (Getty, iStock)

Tech giants occupy nearly 600M-sf of US real estate

Tech giants occupy nearly 600M-sf of US real estate
Hana Financial Investment’s Lee Jin-Kook and a rendering of 1 St. Marks Place (Hana Financial Investments)

Hana Financial to sell loans tied to Manhattan office, hotel properties

Hana Financial to sell loans tied to Manhattan office, hotel properties
Cineworld Group CEO Mooky Greidinger and Regal Cinema (Photo via Getty; Wikipedia)

Regal Cinemas scores financial rescue package

Regal Cinemas scores financial rescue package
(iStock)

What doom-and-gloom forecasts miss about the office market

What doom-and-gloom forecasts miss about the office market
arrow_forward_ios

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

Loading...