Developer Will Turn NYC Armory Into Retail Complex
The developer of Manhattan’s upscale Time-Warner Center will turn the Bronx’s historic Kingsbridge Armory into a retail complex.
Related Companies calls its project The Shops at the Armory. A department store will anchor up to 35 smaller stores, restaurants, a movie theater and banquet space.
Related will spend about $310 million to acquire and redevelop the armory. The city has invested about $30 million for environmental cleanup, roof replacement and facade repairs.
The city and state historical preservation agencies still must approve parts of the design.
The New York City Economic Development Corporation says Kingsbridge is thought to be the world’s largest armory. It features Romanesque arches, vaulted ceilings, decorative brick and terra cotta, and large battlement towers.
SOURCE: NewsDay.com Read more..
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