Triangle Equities wins award for Triangle Junction

Triangle Equities has received the Brooklyn Chamber of Commerce 2009 Building Brooklyn Award for economic development for their Triangle Junction Mall in the Flatbush neighborhood. The development was done in cooperation with Brooklyn College and the Flatbush Redevelopment Corp., as well as the local community boards; to revitalize the Flatbush area by revamping an underutilized, defunct municipal parking lot into a 600,000 s/f shopping center anchored by Target and includes a 500 car parking garage, thereby reinvigorating the retail presence of the area. Lester Petracca, owner of Triangle Equities said, "This development was rewarding in so many ways-we were able to enhance a retail corridor for the community; the positive working relationship with community groups and local elected officials; and overcoming the challenging construction and environmental issues. Triangle is very proud of the team work that it required to bring this invigorating development to completion and of the award we are receiving from the Brooklyn Chamber." Triangle Equities has been in business since 1986, developing quality projects in the five boroughs. They have received numerous awards over the years for their work in the revitalization of the College Point area and received awards for excellence in design for the Whitestone Office Building and the Petracca Office Building. In addition, they have been recognized for their work on two retail developments - Triangle Centre and Triangle Plaza. Their residential work has been recognized by the Society of American Registered Architects Professional Design Awards Program for The Arches at Cobble Hill - an historic renovation of a 160 year old church into a 60 unit luxury condominium. Their latest residential development, Kensington Estates, is a proposed age restricted development of town homes located on the border of the Towns of Huntington and Oyster Bay. Triangle Equities mission is to collaborate closely with community leaders and residents to bring them the types of developments they want and need in order to improve the quality of life within their neighborhoods. The company is particularly skilled at identifying needs in emerging and underserved markets and fulfilling those key community needs with both public and private amenities. Triangle actively reaches out to public and local leaders as well as private entities to maximize the community benefits of the company's proposed ventures through job creation, neighborhood beautification and maintenance, economic activity as well as the infusion of community pride, sustainability and vigor.