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Volume XIX • Number 44 • November 15 - 21, 2012 •
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230th St. mall may expand with key corner By MIAWLING LAM The developer of the yet-to-bebuilt $54 million Broadway Plaza shopping mall has purchased the adjoining vacant lot—the defunct Getty gas station. The Riverdale Review can reveal that Equity One last month acquired the 7,500-square-foot parcel at 5510 Broadway from a California-based LLC for a hefty $2 million—more than three times the current market value of $630,000. Documents filed with the New York City Department of Finance show the property deed for the commercial site was transferred on October 15. Equity One currently owns the 80,000-square-foot parcel on the eastern boundary of the gas station. The site, now a city-owned parking lot, will be developed into a two-story multi-tenant shopping mall set to open in mid-2014. The newest acquisition means the national developer now commands two of the three coveted parcels of developable land along the busy intersection of West 230th Street and Broadway—a clear indication that the area is viewed as a worthy spot for major commercial development.
Equity One executive vice president of development Michael Berfield was reluctant to provide details of the transaction but confirmed the recent purchase. “There was an opportunity to get it, and it seemed to make sense given what we own there, and so we were just taking advantage of that,” Berfield said. “We’re happy to have the opportunity, and it just reflects our confidence in the area.” Local residents and elected officials have long considered the two long-vacant lots—the Getty gas station and former Popeye’s store—as keys to commercial development along the corridor. It is unclear who owns the other vacant lot. Assemblyman Jeffrey Dinowitz heralded news of the purchase and likened it to the final piece of the puzzle. “This is very exciting news,” he said. “I hope that whatever is constructed on that site fits in well with the rest of the development and hope they will be able to acquire the adjacent site where Popeye’s used to stand.” However, Equity One officials said they were unlikely to
The abandoned gas station at West 230th St. and Broadway has been acquired by the developer of the soon-to-be built Broadway Plaza shopping mall, potentially solving some traffic problems. consolidate their land holdings and enlarge the footprint of the shopping mall. In fact, Berfield said that the recent acquisition would not
Local pols eye Senate leadership battle By TESS McRAE Election Day is over, but a few state Senate races upstate are still too close to call, which could have an impact on the careers of some local politicos. According to the New York City Board of Elections, the Democrats may have gained a majority in the state Senate. The unofficial results obtained by the Riverdale Review show the Democrats picking up a possible three seats for a total of 33 out of 62 seats. While the absentee and scanner ballots continue to be counted, all eyes are on state Senator Jeff Klein and the Independent Democratic Conference. The IDC, formed in January 2011 after the Democratic Party lost its majority, includes Senator Klein of the Bronx, David Carlucci of Rockland County,
David Valesky of Syracuse and Diane Savino of Staten Island. The IDC votes on both sides of the aisle and could play a vital role in deciding which party will win majority. IDC members have been breasting their cards as they decide which party, if any, they will side with. According to a Daily News report, Klein has yet to meet with Democratic Senate leadership but did meet with Republican Majority Leader Dean Skelos on November 8 to “discuss what it would take to form a coalition government.” Klein could not be reached for comment as of press time. Though no deal has been reached, there is speculation that Klein may be pushing for a significant policy role or even a co-leadership role with Skelos and that the IDC may be seeking
official recognition by the Senate as a third political caucus. Klein has answered questions in the past on supporting a Republican majority leader. Earlier this year, he told the Benjamin Franklin Reform Democratic Club that he would not support a Republican for majority leader and went on to say, “it’s not important you have any old Democrat, but the right Democrat.” State Senator Adriano Espalliat’s name has come up for the “right Democrat” role, which could remove him as a potential successor to Rep. Charles Rangel, who will begin to represents parts of The Bronx in January. This could bring some blacks in the caucus to support Espaillat. Democratic U.S.Congressman Eliot Engel beat Republican chalContinued on Page 5
have a bearing on the existing Broadway Plaza project and that both sites would be treated separately. “At another point in time they could get interconnected, but at this point, both will stand on their own,” he said, adding that both will have separate construction timelines. Berfield also said the purchase would not lead to a change in the mall’s controversial loading and unloading plan. Under the proposed traffic arrangements, 72-foot-long tractor-trailers will make deliveries to the site by backing into the mall’s loading dock on West 230th Street. Given the location of the loading dock, traffic will come to a standstill as trucks reverse into the delivery area and block three lanes of westbound traffic. “It’s not the type of thing that we’d want to change at this stage,” he said. “We have an agreement with EDC and we have to live up to our obligations with the city.” News of the purchase comes as the city-owned parking lot currently operating at the larger site prepares to close its gates on
Sunday, November 18. According to a small sign posted at the entrance, vehicles will no longer be able to utilize the lot once construction crews begin to move in next week. Officials previously estimated the lot closure would impact around 80 motorists who park there on a monthly basis and 50 occasional users. The Broadway Plaza project has long been mired in controversy. The city’s Economic Development Corporation first proffered the site in 2005, but the successful bidder at the time—Ceruzzi Holdings—spent years negotiating the sale price while locals waited for construction to start. The two parties finally agreed on a $6 million sale price in February 2011, but Ceruzzi got cold feet and was unable to close on the deal before in time for the June deadline. Equity One was eventually selected to redevelop the site after a second request for proposals was issued. The developer purchased the site from the city for $7.5 million.