The document outlines an off-market opportunity to develop a 67,000 sq. ft. office and retail property in the Bronx, NY. The project involves an $18M equity commitment and a total project cost of $24MM. It is located in the Mott Haven neighborhood with excellent transportation access and is expected to attract strong leasing interest due to limited new office development in the area. The sponsor owns the site through a 99-year ground lease and the project is ready to commence construction with full entitlements.
doj/DataSet10/EFTA01378907.pdf
{"title":"Office and Retail Development (Bronx, NY)","key_people":["GTIS Qualified Opportunity Fund LLC"],"document_type":"property","key_locations":["Bronx, NY","Mott Haven","Grand Concourse"],"document_subtype":"Development Project Overview","key_organizations":["Signature Urban"],"reference_numbers":["DB-SDNY-0076183","SDNY_GM_00222367","EFTA01378907"]}