Blumenfeld Development Group leases 3,000 s/f to Bronx Joint

Bronx, NY The Blumenfeld Development Group (BDG) negotiated, the borough’s third state authorized, legal cannabis shop. The Bronx Joint has opened for business in The Crossings in Hunts Point.

The 3,000 s/f, fully licensed cannabis shop joins a variety including: McDonalds, Dollar Tree, Dunkin Donuts, and Optimum Mobile.

The new shop, which opened its doors on March 14, has exposed brick and graffiti-styled murals and is supported by the New York Cannabis Social Equity Investment Fund — a statewide initiative implemented during the early days of the legal cannabis industry rollout that gives business priority to people who have been negatively impacted by the over-policing of cannabis.

“We are thrilled to announce our newest tenant which speaks to the vitality of the location and strong dynamics of the asset,” said Brad Blumenfeld, principal at BDG.

The Crossings, a 40,000 s/f retail space in the South Bronx, is located at the corner of Southern Blvd. and Hunts Point Ave. and was BDG’s first endeavor in the borough. Located at a bus and subway terminal, the location lends itself to destination and walkable customers.

BDG was represented by Karnit Mossberg of Royal Properties and the cannabis shop by CBRE’s Stefanie Steinberg, Dean Rosenzewig and Jeremy Scholder.

Tags: Brokerage

Reprint

Previous Story Next Story

Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site

Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.

BKM Capital Partners and Kayne Anderson Real Estate acquire a $1.8 billion portfolio of light industrial assets

BKM and Kayne Anderson acquire a $1.8b portfolio of light industrial assets

The Durst Organization inks 12,456 s/f lease

Marcus & Millichap arranges sale of skilled nursing facility in Hoosick Falls

M&M arranges sale of skilled nursing facility in Hoosick Falls

Pangram Labs signs 6,000 s/f lease at 25 Flatbush Ave.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Cook joins Woodcliff Realty Advisors

Columns and Thought Leadership

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,