An article in the Daily News says the Related Companies, one of two possible developers (the other being Atlantic Development Group), has won the contract to renovate the Kingsbridge Armory.
This doesn't come as a surprise. The Norwood News has heard this rumor for some time now, but has yet to confirm it with more than one source. The Daily News article cites anonymous "sources" from Community Board 7.
Related was long thought to have an advantage because its CEO has a close relationship with former Deputy Mayor Dan Doctoroff. Both developers contribute heavily to Bronx politicians.
The Economic Development Corporation (EDC), which is handling the project, maintains that they have not reached a decision on a developer. Many local community leaders and residents wonder what the hold-up is in making an announcement.
As we've been doing for nearly 15 years, the Norwood News will continue to follow this story as it develops.
Friday, March 21, 2008
Report: Related Wins Armory Contract
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