This time, it’s different: Soccer stadium may end up in Bronx after all

Project would be part of 20-acre Maddd Equities development

TRD New York /
Jul.July 12, 2018 12:00 PM

Aerial of East 153rd Street and River Avenue in the Bronx with a soccer pin (Credit: Google Maps, Wikipedia, and Smashicons via Flaticon)

The owners of the Major League Soccer franchise New York City Football Club had hoped to build a stadium for the team in the South Bronx back in 2013, but negotiations with the city fell apart. Five years later, they may be getting another bite at the apple.

The stadium would be part of a project from Maddd Equities and Joy Construction by East 153rd Street and River Avenue, according to the New York Times. The multibillion-dollar development would span 20 acres and include up to 3,000 affordable apartments, a hotel and conference center, a park, a school, office space and shops.

Maddd Equities and Joy Construction would build the housing, the hotel and the park, and they would lease land to the soccer team for its stadium. The companies already have an agreement to buy the GAL Manufacturing factory on East 153rd Street and have a tentative agreement to buy or lease a large parking garage across the street, along with multiple other River Avenue parking lots that Bronx Parking Development Company owns.

However, the deal is far from finalized, and city officials have also been talking to NYCFC about putting the stadium at Willets Point in Queens next to Citi Field.

Maddd Equities is also planning a pair of affordable housing projects in the South Bronx at 1159 and 1184 River Avenue.

A partnership led by Related Companies also submitted plans to Empire State Development in April for a project in the South Bronx that would include a home arena for NYCFC. The team currently plays its games at Yankee Stadium.

Eli Weiss of Joy Construction told the Times that their location would be a good fit for a soccer stadium.

“We think the stadium is added value to the entire neighborhood,” said Mr. Weiss, “but our core is housing and commercial development. That’s what we know how to do. But the stadium makes sense given where it is.” [NYT] – Eddie Small


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

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

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

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

Yankee Stadium at 1 East 161 Street in the Bronx (Credit: iStock)

Yankees seek $900M refi for stadium

Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

Renderings of Brookfield's Bankside in the South Bronx (Credit: ArX Solutions)

This is what Brookfield’s South Bronx megaproject will look like

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

arrow_forward_ios