Triangle Plaza Hub
Triangle Plaza Hub exemplifies a successful public-private partnership between Triangle Equities and the City of New York, aimed at revitalizing the South Bronx through strategic urban development. Selected via a competitive RFP process administered by the New York City Economic Development Corporation (EDC), the project delivers a mixed-use retail and office facility that aligns seamlessly with the Bronxchester Urban Renewal Plan and the City's broader South Bronx Initiative.
This innovative hub enhances community vitality by incorporating key amenities, such as a dedicated campus for the Metropolitan College of New York, a vibrant public plaza at the bustling intersection of Bergen Avenue and East 149th Street, and a Fine Fare supermarket addressing food access needs in an underserved area under the City's Food Retail Expansion to Support Health (FRESH) program. To optimize site efficiency in a dense urban environment, the development includes rooftop parking for 83 vehicles, freeing valuable ground-level space for retail and office functions while promoting accessibility and economic growth.
459 E 149th St., Bronx, NY
Melrose
Commercial
FineFare
Metropolitan College of New York, Bronx Campus
Brightpoint (FQHC)
Davita Dialysis
Boston Market
Vistasite Eyecare
2016
S9
Achievements
Square Feet of Commercial Space
Parking spaces, rooftop
Awards
Community Development Award for Qualified Low Income Community Investment (QLICI) of the Year in the Real Estate category.
Novogradac Journal of Tax Credits (2014)
This award recognizes exceptional achievement in local neighborhood development using the federal New Markets Tax Credit (NMTC) Program.
The Challenge
Creating Mixed-Use Development Amid Urban Constraints
Revitalize an underserved area in the South Bronx through a competitive public-private partnership, aligning a mixed-use retail and office development with urban renewal plans while addressing space constraints in a dense urban environment to incorporate essential community amenities like education, public spaces, and food retail.
The Results
Built South Bronx Hub Boosting Economy and Access
Secured selection via the New York City Economic Development Corporation's RFP process and delivered a transformative hub featuring a Metropolitan College of New York campus, a vibrant public plaza at Bergen Avenue and East 149th Street, a Fine Fare supermarket under the FRESH program, and efficient rooftop parking for 83 vehicles, fostering accessibility, health, and sustained economic vitality for the community.
