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 business, 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 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
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
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.
3 BRONX WEEKLY February 2, 2020 www.BXTimes.com
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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
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