El Centro Kingsbridge

UPDATE Deputy Bronx BP Janet Peguero Resigns to Focus on Family & Amid Kingsbridge Armory Lawsuit Drama

By SÍLE MOLONEY
Bronx Borough President Vanessa Gibson announced on Monday, April 7, that Deputy Bronx Borough President Janet Peguero has resigned to focus on her family. The news follows rumors of her apparent resignation in recent weeks following the filing of a lawsuit by a rival bidder, Agallas Equities, in which Peguero, Gibson, Andrew Kimball, CEO of New York City’s Econmic Development Corporation (EDC) were named, and challenged the integrity of the bidding / request for proposal process surrounding the redevelopment of the Kingsbridge Armory. The winning bidder / chosen developer, Madd Equities, was also named in the lawsuit.

UPDATE: Lawsuit Filed Against EDC, Developer & Bronx Politicians Challenging Kingsbridge Armory RFP Selection

By SÍLE MOLONEY
Agallas Equities, a Manhattan-based real estate firm, announced on Friday, March 28, the filing of a lawsuit against NYC Economic Development Corporation (EDC), 8th Regiment Partners LLC, a joint venture of Maddd Equities and Joy Construction, Bronx Borough President Vanessa Gibson and Deputy Bronx Borough President Janet Peguero over what it alleges was “the controversial selection” of a rival, chosen developer for the Kingsbridge Armory redevelopment project, as announced in January.