Trendy, ‘Affordable’ Food Hall and Beer Garden Headed to the South Bronx

Posted On Thu, July 21, 2016 By

Posted On Thu, July 21, 2016 By In Bronx, gentrification, New Developments, real estate trends

Image: View Grand Concourse via photopin (license)

Controversial South Bronx Developer Keith Rubenstein of Somerset Partners has purchased a 16,000-square-foot warehouse (expandable to 30,000 square feet) at 9 Bruckner Boulevard for $7.5 million and intends to create a Gansevoort Market-style food hall called Bruckner Market, reports The Real Deal.

According to the developer, who purchased two other South Bronx waterfront sites last year, the space will offer a fresh food market, kiosks and restaurants and may have a beer garden, though he made a point of addressing how the new addition will affect the community: “It will provide great food and beverage options at affordable prices for the existing community and new community.”

Rubenstein is currently developing a sprawling residential complex across the street from the food-hall-to-be, in partnership with the Chetrit Group. The partners purchased 2401 Third Avenue and 101 Lincoln for $58 million and are planning as many as six residential towers on the waterfront site. The developer has backed new area businesses like coffee shop Filtered Coffee in Mott Haven, which has drawn accusations of gentrification and the fears of impending unaffordability that go with it. Rubenstein hopes have Bruckner Market open in 12 to 18 months.

[Via The Real Deal]

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Neighborhoods : South Bronx

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