NYC Economic Development Corporation (EDC) President and CEO Andrew Kimball

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.

City Chooses Long Island Developer for Two-Phase, Mixed-Use Development of Kingsbridge Armory

By SÍLE MOLONEY
The latest two-phase, mixed-use plan for the long-vacant Kingsbridge Armory was unveiled by City and State officials on Tuesday, Jan. 7. City and elected officials said, “Phase One of the project envisions a vibrant, mixed-use development with a state-of-the-art event venue space, sports fields for local youth academies, cultural and commercial space, over 25,000 square-feet of dedicated community space, an educational facility focused on workforce development, and more.”