Major tenants secured for new Bronx retail hub

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The Related Companies secured three major tenants for The Hub, its new, two-level building at Third Avenue between 154th and 156th streets in the South Bronx. Forman Mills will rent 42,400 of the 170,000 available square feet; Rite Aid will rent 16,245 feet; and Staples will rent 18,000 square feet. All three will rent on the ground floor. Construction on the $50 million Hub is expected to be completed next summer. more [Crain’s]