Showing posts with label the Hub. Show all posts
Showing posts with label the Hub. Show all posts

Saturday, October 11, 2008

These Streets are Made for Walkin'

Streetsblog is reporting that the very popular shopping area in Melrose, known as the Hub, is set to become one of the most walkable commercial areas in the Bronx.
The DOT is planning to simplify the extremely complex traffic patterns that currently govern the flow of vehicles and people at the Hub. The plans are for sidewalk extensions, blocks long pedestrian plazas, and even portions of asphalt dedicated to bikers. The heart of the Hub is the intersection 149th St., Willis Ave., Third Ave., and Melrose Ave.

In coordination with DOT, the Transit authority is said to have agreed to re-route some buses to accommodate this move toward a more pedestrian-friendly Hub.

*photo with roger rabbit-like melding of toons and live action courtesy of www.streetsblog.org*
~ErLu

Monday, August 18, 2008

Plaza of the Hub - Mott Haven Gets A Little Bit Cooler

The Related Companies is now negotiating to build a 1.1 million of mixed retail/residential facility in the Hub (149th St. and Brook Ave), which will be comprised of 4 buildings: Building 1: 356,000 sf of retail space +10 story officetower about 290,000 sf. Building 2: 3,800 sf ground floor retail, 44,500sf supermarket on the ground floor as well, 123,000 sf cinema with 14screens and 3,500 seats. Buildings 3 & 4: Both will be 11 stories,272,000 sf of middle income housing and 16,000 sf of retail. WOW! If you would like to see the architectural drawing of the project, and learn more about the details, please see the link below...it looks amazing!!

Click for 66 pages of Filing and Reports about this Project

Even before this new development the Hub was transcending the 99-cent store scene with a shopping experience to rival Fordham Rd. Here are some stats (and an article) provided by the NY Daily News:

Checkout: The Hub

  • 122 stores in the Business Improvement District.

  • 1928 Alexander's opened a store that year on Third Ave., the department-store chain's first. Discounter Conway now owns and occupies the building.

  • 40% decrease in crime in the past decade.

  • $85-$125 per square foot asking rents for prime store locations.

  • $56.7M retail and office building constructed by Related Cos. on Third Ave. and E. 156th St.

  • 80,000 square feet of store space in Related's Third Ave. development.

  • 250+ employees work at the stores in Related's Third Ave. building.

  • $30 per square foot was the highest rent landlords could get on Third Ave. north of E. 153rd St. before Related's project was completed. Since it opened last year, retail landlords in the area are now asking up to $70 per square foot.
    -NYDN

~Jay O.+ErLu