Triangle Plaza Hub

Bronx,
NY
(2013)

Triangle Plaza Hub

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, FQHCs, Grocery and Fresh Food, Healthcare, Mixed-use, Retail, Retail and Commercial, Youth and Families

Mixed-use development to bring fresh food, accessible healthcare and job opportunities to a highly distressed community in the South Bronx.

Investment

NMTC Amount: $34,199,000
Total Project Cost: $40,808,244

IMPACT

94 FTE jobs
151 construction jobs
Project includes a Federally Qualified Health Center.
88,000 sq. ft. of real estate

CDEs

GS New Markets Fund, Low Income Investment Fund, United Fund Advisors

Investor

Goldman Sachs

Triangle Plaza Hub (Triangle Plaza) is an 88,000 sq. ft., LEED Silver mixed-use commercial and community development that replaced an underutilized municipal parking lot in the Mott Haven neighborhood of the South Bronx. Historically, the Bronx has contained the most poverty-stricken neighborhoods in New York and contains one of the five poorest Congressional Districts in the United States. Key elements of the Triangle Plaza development include:

(1) A primary care medical clinic to provide neighboring communities with much-needed access to healthcare. Bronx County is currently ranked last in health outcomes among all New York State counties, and the project is located in a federally-designated Medically Underserved area.

(2) A 14,600 sq. ft. affordable grocery store. The project area is currently considered a “food desert,” with residents lacking access to fresh foods. The grocery store is now part of New York City’s FRESH program. A satellite campus for a four year, nonprofit college.

(3) Job opportunities for local residents, with Seedco Workforce providing a hiring system to link local residents.

In addition, Triangle Plaza is a transit-oriented development, easily accessible to two subway lines and eight NYCT bus routes.

MAP

Address: 459 East 149th Street, Bronx, NY 10455

Census Tract: 36005007100

Other New York Projects

The Joseph P. Addabbo Family Health Center, Inc.

Arverne,
NY
(2018)

Adult Education, Behavioral Health, College or Vocational Training, Community, FQHCs, Healthcare

CDE(s): Building America CDE, Primary Care Development Corporation

A 21,865 sq. ft. expansion onto its existing facility in the Far Rockaway neighborhood of Queens, New York.

Institute For Community (Icl) Integrated Health Hub (Brooklyn, Ny)

Brooklyn,
NY
(2016)

Behavioral Health, Community, FQHCs, Recreation

CDE(s): Corporation for Supportive Housing, Primary Care Development Corporation, USBCDE

Construction of a healthcare facility that serves clients who suffer from mental illness, substance abuse, chronic homelessness and other hardships. The project allowed the organization to expand its 9,300 sq.

Salt City Market Mixed-use

Syracuse,
NY
(2020)

Affordable Housing, Community, Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing

CDE(s): Chase, Rose Urban Green Fund

New 78,000 sq. ft. mixed-use development that transforms a vacant lot, located at the intersection of 3 impoverished neighborhoods, into a mixed-use, multicultural, community hub.

Fralo Plastech

Syracuse,
NY
(2005)

Business Development, Manufacturing, Plastics and Chemicals, Waste Management, Water Management

CDE(s): CEI Capital Management

A new Salina, New York based firm (near Syracuse, NY) that used NMTC financing to purchase the world's largest plastic blow-molding machine that is being used to produce exceptionally strong,