BP Diaz excited by newly announced offi ce building
BY JASON COHEN
The fi rst phase of an economic revolution
in the south Bronx took place
last week when elected offi cials broke
ground on a six-fl oor spec offi ce building.
This is the fi rst spec offi ce of this
size in more than 75 years in the borough.
The building will have more than
66,000 square feet of rentable space, including
over 7,000 square feet of retail
space on the ground fl oor.
On Wednesday, January 22, Signature
Urban Properties and Monadnock
Development held a groundbreaking
ceremony with elected offi cials to commemorate
the beginning of construction
on a building in Mott Haven located
at 110 E. 149th Street.
“We wanted to do something special
here on 149th Street,” said Gifford
Miller, the principal of Signature Urban
Properties. “We wanted to be part
of what we think is not just a renaissance,
but a resurgence of this area as a
real business community as an anchor
for the growth that is happening all
over this borough.”
He stressed that this will bring more
jobs and developers to the Bronx.
Located right off the Major Deegan
Expressway and across from the future
home of the Hip Hop Museum at 65 E.
149th Street, the revival of the lower
Grand Concourse is well underway.
“This will be the new center for busi-
Elected offi cials and developers break ground on the site of a 66,000 square foot offi ce building in the south Bronx.
Schneps Media Jason Cohen
ness, for opportunity and growth for the
Bronx,” he said.
District manager of Community
Board 1 Cedric Lofton feels the new
building will benefi t the community.
“I think it will prove an opportunity
for fi rms looking to expand into the borough,”
Lofton said. “It’s a positive for
the Bronx.”
Borough President Reuben Diaz, Jr.
was smiling from ear to ear as he spoke
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BRONX TIMES REPORTER,4 JANUARY 31-FEBRUARY 6, 2020 BTR
at the ceremony. The Bronx was on fi re
in the 70s, but today it is booming, he
said.
Diaz recalled how in the past people
didn’t want to invest or work in the
Bronx, but things are slowly changing.
“We’re creating an offi ce space so
that we can have jobs for Bronxites and
New Yorkers,” Diaz said.
Diaz noted how this is hopefully a
sign of more development to come. He
added that the site of the building was
once home to a pile of used tires.
“Today we celebrate the next step in
ongoing positive redevelopment of the
south Bronx,” Diaz said.
“This new development will contribute
to the magnifi cence of the community
and will give businesses an opportunity
to experience our rich culture
and dynamic nature while also helping
to drive the future of our economy. I applaud
Signature Urban Properties and
Monadnock Development for their unwavering
commitment to the prosperity
of the Bronx and continuing to see
the potential that exists throughout the
great borough,” he added.
The offi ce building will accommodate
a wide range of businesses, with
more than 11,900 square feet of rentable
commercial offi ce space per fl oor.
Signature Urban Properties and
Monadnock Development are in the
market for tenants.
The building’s opening is anticipated
by the end of the year.
Signature Urban Properties and
Monadnock Development have played
a strong role in the growth of the south
Bronx’s economy with the development
of several high-profi le affordable apartment
buildings.
Recently, it unveiled Compass Residents
Development in Crotona Park/
West Farms, which was part of the largest
rezoning effort the history of the
Bronx.
A rendering of the future site of a 66,000 square foot offi ce building at 110 East 149th St. in
Mott Haven. Photo Courtesy Monadnock Development LLC