Related President Jeff Blau and the Gateway Center
Gateway Center at Bronx Terminal Market, a 1-million-square-foot, $500 million project, has been awarded LEED Silver certification by the U.S. Green Building Council, making it the second largest project to achieve core and shell LEED certification in the Northeast, according to its developer. Related Companies built the market as the first national retail complex in the Bronx. Gateway Center is 95 percent leased, 91 percent occupied and includes a mix of retailers and restaurants, including BJ’s, Home Depot, Target, Bed Bath & Beyond, Marshall’s, Raymour & Flanigan, Staples, Best Buy, Toys “R” Us and Applebee’s. The Gateway Center is expected to generate more than $20 million in annual tax and revenue for the city, and the project will create an estimated 2,100 permanent retail jobs and 2,900 union construction jobs in the South Bronx, Related says. TRD