News: Owners Developers & Managers

Madison Realty Capital developing 280,000 s/f Union Crossing project

Interior space at Union Crossing - South Bornx, NY

Bronx, NY In September, The New York Times reported on the building boom in the South Bronx. Since then, developers have been flooding to the area, bringing about new residential and commercial developments to this neighborhood. Union Crossing will be the neighborhood’s latest commercial development to open in the South Bronx, a neighborhood where history, culture, authenticity and creativity collide.

Union Crossing - South Bronx, NY

Developed by Madison Realty Capital and designed and branded by Woods Bagot, Union Crossing will bring 280,000 s/f of office and studio space with retail on the ground floor. Over $25 million in renovations have been made to the property. Several floors feature water and skyline views and 20-ft. ceilings. A renovation of a 1916 factory, the building retains elements of its manufacturing heritage: Mushroom columns; raw concrete; double height studios; open, flexible spaces; and even rail ties embedded in the delivery floors. This, its latest iteration, introduces community-facing functions at the interior and exterior of the ground floor. Union Crossing will become a creative center for the community. Ground floor shops and cafés will be open to the public, with or without bikes, and a planted sidewalk plaza with seating will blur the line between public and private, outside and in. The façade will serve as a canvas for curated art, activating the surrounding area.

New infrastructure includes brand new mechanical, electrical, and plumbing systems, passenger elevators, and windows.

 Union Crossing will offer flexible spaces for offices, maker studios, commissaries, and more while elevating itself to become the cultural gateway to the South Bronx. 

MORE FROM Owners Developers & Managers

Adelphi University turns roof challenge into solar opportunity with SolarKal and Greenskies

Garden City, NY Adelphi University, Long Island’s top-ranked private university, today announced a major new solar energy initiative on its 75-acre main campus. A new 295 kW solar system on the roof of its Center for Recreation and Sports is now providing renewable solar electricity for the university over the next 20-plus years.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.
New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations