River PlazaLocation: Bronx, New York
Client: Kingsbridge Associates
Services: Project Management, Land Use and Planning, Public Approvals
Washington Square Partners provided pre-development and development project management for River Plaza, a 230,000 square foot shopping center in the Marble Hill neighborhood of the Bronx. River Plaza, opened in 2004, was the first major shopping center constructed in the borough in over 10 years and includes Target and Marshalls stores. River Plaza is an extremely successful shopping center and significant in that it attracted major national retailers to the Bronx for the first time. River Plaza also undertook a successful effort to ensure that construction and permanent jobs were filled by residents of the surrounding communities. Currently one-third of the employees are from the local neighborhood. The shopping center is an important component of an overall revitalization of the borough.
WSP managed all aspects of this redevelopment project. WSP completed all aspects of predevelopment work including project feasibility, financial feasibility, and negotiation and purchase of eight parcels for site assembly. WSP assisted with managing environmental remediation and development project management. In addition, WSP developed and executed the leasing strategy that attracted many national retailers to the Bronx for the first time and is responsible for ongoing leasing. Recently WSP reached an agreement with ConEdison for acquisition of property and easement rights through the shopping center's parking lot.