Stagg Group buys Whitlock property
Firm announces plans to build affordable housing at 1125 Whitlock Ave.
In October, it was announced that the Stagg Group recently purchased 1125 Whitlock Ave. for $18.26 million. Photo by Jason Cohen
BRONX TIMES REPORTER,50 OCTOBER 23-29, 2020 BTR
Lisbeth Alarcon with her Assistant Director of Recreation Amanda Lauger.
Courtesy of University Center
BY JASON COHEN
In honor of Breast Cancer Awareness
Month, a nursing and healthcare facility
in the Bronx organized a sweet event
to raise money and pay respects to those
affected by disease.
On Oct. 14, Staff at University Center
on Grand Avenue started a two-weeklong
bake sale complete with an array
of treats like doughnuts, cupcakes and
cheesecake.
“Even during these days of COVID,
one cannot forget what October means,”
said Lisbeth Alarcon, recreation director
at University Center. “We know so
many people who have had loved ones
deal with breast cancer, it’s very sad. We
think about them and their families.”
According to data from breastcancer.
org, about one in eight U.S. women, or 12
percent of the population, will develop
invasive breast cancer over the course
of their lives. About 276,480 women in
the United States are expected to be diagnosed
with invasive breast cancer in
2020, along with 48,530 new cases of in
situ (non-invasive) breast cancer.
The University Center breast cancer
awareness bake sale will run through
the end of this month and proceeds will
go toward the National Breast Cancer
Foundation.
BY JASON COHEN
What was once home
to a shuttered plastics factory
and several single-story
parking garages in the south
Bronx will soon yield an affordable
housing project with
542 apartments.
In October, it was announced
that the Stagg Group
recently purchased 1125 Whitlock
Ave. for $18.26 million.
Plans for the site include
15,000 square feet of commercial
space and a 10,000 square
foot community facility. The
project will consist of two
phases and is set to employ
more than 150 people.
“We are excited to bring
this much-needed housing
to the community, as well as
create jobs for construction
workers and permanent positions
alike,” said Mark Stagg,
founder and CEO of Stagg
Group. “This is a natural progression
of where the company
is headed, in terms of scale.”
Currently, Stagg owns
and manages over 3,500
units of housing throughout
the Bronx.
The property is zoned for
low income housing under
the city’s Extremely Low &
Low-Income Affordability
(ELLA) Program. The ELLA
Program funds the new construction
of low-income
multi-family rental projects
in which a minimum of 80
percent of the units are at
low income rents affordable
to households earning up to
80 percent of Area Median
Income (AMI).
Up to 20 percent of the
units may have rents affordable
to moderate income
households earning between
90 to 100 percent of AMI.
At least 15 percent of units
must be set aside for formerly
homeless households.
Units will include 108 studios,
217 one-bedroom, 136
two bedroom and 81 threebedroom
units. Green space
will also be incorporated into
the building design.
Beast cancer bake sale