HUB Retail and Office Center | The Real Deal New York

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HUB Retail and Office Center

2984 Third Avenue
Bronx, NY 10455
(212) 801-1000
Website
Office, Retail, Sales, Leasing/Rental, Other

HUB Retail and Office Center is a 172,982-square-foot mixed-use building, erected in 2007 by Related Companies, the developer and landlord. The retail and office center, designed by Ives, Schier & Lesser Architecture Studio, is located at 2984 to 3036 3rd Avenue in the Bronx. The development is not a wholly free-market enterprise.

Related Companies bought the site from the city for a relative bargain, $1 million, and received subsidies, including a $4 million low-interest loan on behalf of the citys Economic Development Corporation, $1.8 million in real estate and tax benefits courtesy of the New York Industrial Development Agency, and $500,000 from the office of the Bronx borough president for the project. Since the New York City Department of Finance is a tenant, the city provided an additional $16 million for the construction. Tenants include Aldi, Rite Aid, Forman Mills, Nine West Outlet, Sleepys, and MP Hub Parking.

-MK

  • Year Built 1974
  • square feet 172,982
  • block and lot 2-02363-0016
  • BIN 2001182

01/11/12
...located one block south of the Related Companies Hub Retail and Office Center at 2984 Third Avenue and north of where Whitestone-based Triangle Equities is set to develop...

...one major retail project in the Bronx, the Hub Retail and Office Center. The 170,000-square-foot center, which is home to Staples, Rite Aid and a clothing retailer...

03/15/06
...Ground was broken on Tuesday for the new Hub Retail and Office Center in the South Bronx. The two-story shopping center along Third Avenue between 153rd and...
  • Event Retail Leasing
  • Address 2996 Third Avenue
  • Neighborhood Melrose
  • Borough Bronx
  • Square feet 3,700
  • Publication Date 03/01/2010
  • Event Date 01/15/2010
  • Party 1 Related Companies
  • Party 1 Brokerage NAI Friedland
  • Party 1 Broker Robin Herko, Steve Lorenzo, David Scotto
  • Party 2 City Jeans
notes
The clothing store signed a 15-year lease.
  • Event Office Leasing
  • Address 3000-3002 Third Avenue
  • Neighborhood Morrisania
  • Borough Bronx
  • Square feet 75,601
notes
The property is under construction in the Hub area of the Bronx.