The Kingsbridge Armory in the Bronx is set for a transformative redevelopment into "El Centro Kingsbridge," led by 8th Regiment Partners LLC—a collaboration between Maddd Equities and Joy Construction.
Phase One of the project will convert the historic armory into a mixed-use hub featuring a state-of-the-art event venue, youth sports fields, cultural and commercial spaces, over 25,000 square feet of community space, and an educational facility focused on workforce development.
Phase Two plans to add approximately 450 units of permanently affordable housing adjacent to the armory.
The redevelopment is backed by a $215 million investment from city, state, and federal sources and is projected to generate nearly $2.6 billion in economic impact over the next 30 years.
It's expected to create over 3,000 construction jobs and 360 permanent positions.
This initiative follows extensive community engagement, with input from over 4,000 residents contributing to the "Together for Kingsbridge Vision Plan," ensuring the project aligns with local needs and aspirations.
The environmental review is anticipated to begin this winter, with the public land use review process expected to commence in mid-2025.
Construction is projected to start in 2027 and conclude by 2032.
While the project promises significant economic and social benefits, some community members express concerns about potential gentrification and the displacement of small businesses.
As the redevelopment progresses, balancing development with the preservation of the community's character and affordability remains a critical consideration.
How can large-scale urban redevelopment projects like this ensure they serve existing communities without contributing to displacement?
