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Business Beat – New Retail Center in the Bronx Creates over 200 New Jobs

Business Beat - Bronx Plaza Retail (Picture)
Officials announce the latest mall opening–Broadway Plaza in Kingsbridge Heights/Riverdale. Photo courtesy New York City Economic Development Corporation

By KASIA ROMANOWSKA

As the holiday season rapidly approaches, a new shopping center has opened up in the Bronx following a ribbon cutting and a year of debuts for shopping centers across the borough.

Officials announced the opening of Broadway Plaza shopping center in the Riverdale and Kingsbridge neighborhoods, bringing TJ Maxx, Sports Authority, Party City and Aldi food market to the community.

New York City Economic Development Corporation, the City’s arm for real estate and commercial development, announced the 133,000-square-foot shopping center will create nearly 200 new full and part-time jobs.

The 62-year-old shopping center has been renovated by Equity One for about $54 million adding new complex and enhanced pedestrian spaces. The redevelopment has also created a 700-space lot on 230th Street between Broadway and the Major Deegan Expressway.

“By providing new retail to build upon the existing commercial corridor, we are helping to ensure the community can increasingly shop in their neighborhood — spending locally and strengthening the area’s economic engine,” said Kyle Kimball, president of the New York City Economic Development Corporation.

Along with local shopping comes local hiring. Equity One, the developer of the project, intends to hire 75 percent of its employees from the Bronx. It will use a program called aHireNYC, which offers jobs to local, low-income city residents.

The news comes amid an economic explosion in the Bronx, with the Throggs Neck Shopping Center and the massive Bay Plaza Shopping Center opening its doors. The opening of these malls signaled progress for the borough’s high unemployment rate, which dipped to single digits in recent years.

Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.

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