Goldman Sachs, Triangle Equities Win Award For Creative Financing of Bronx Mixed-Use Project

The Commercial Observer reports that Triangle Equities, in partnership with Goldman Sachs Urban Investment Group, received a 2014 New Markets Tax Credit (NMTC) award from the Novogradac Journal of Tax Credits for their creative and impactful financing of the Triangle Plaza Hub project in the South Bronx. The award—granted in the “Metro Investment” category—recognized the team’s pioneering use of federal NMTCs to fund the 88,000-square-foot, transit-oriented, mixed-use development at 149th Street and Third Avenue. This recognition underscores Triangle’s ability to leverage sophisticated financing tools to deliver meaningful community assets in underserved neighborhoods.

The Triangle Plaza Hub was designed to meet critical local needs by integrating a Fine Fare supermarket, DaVita dialysis clinic, and other essential retail and service providers within a high-foot-traffic, multi-modal transit location. The project also includes space for minority- and women-owned businesses, as well as a public plaza. Triangle’s financing strategy allowed the firm to assemble a deal that not only made the project economically viable, but also socially transformative—bringing fresh food, healthcare, and jobs to a long-disinvested core of the South Bronx. The award highlights how Triangle pairs financial innovation with local impact, positioning the firm as a forward-thinking leader in equitable urban development.

Receiving national recognition for Triangle Plaza Hub’s capital structure affirms Triangle Equities’ broader development model—built on public-private partnerships, creative financing, and strategic placemaking. The NMTC award represents more than financial achievement; it demonstrates how Triangle deploys patient capital and complex financing tools to advance projects that serve public good while fulfilling investor objectives. As Triangle continues to scale this model through developments in Staten Island, East Orange, Queens, and elsewhere, its work in the Bronx remains a standout example of what mission-aligned real estate can achieve when vision, capital, and community priorities intersect.