A grassroots group, NWBCCC, has reached a landmark agreement with developers for the Kingsbridge Armory, ensuring that the community holds a 20% stake in the project. The initial phase will include two nonprofit condominiums, one featuring a community center and workforce development hub, and another focused on light manufacturing for displaced workers. The subsequent phase will introduce 500 affordable housing units alongside retail spaces. The project aims to revitalize the area while involving community oversight, signaling a new approach to development in the Bronx.
This is a turning point for the armory and for how development can and should be done in the Bronx, she said at the press conference.
The agreement promises the creation of two nonprofit-owned condominiums in the project's first phase, which involves transforming the historic armory building into a space for community and economic activity.
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