- Borough: Bronx
- $500 million in private investment
- 1 million sf of retail space
- 2000 construction and 2500 permanent jobs created
- New waterfront park
Located on 18 acres of land in the shadow of Yankee Stadium, the Gateway Center at Bronx Terminal Market will create approximately 1 million new square feet of retail space, featuring well-known, brand-name national retailers. The site will also include space for smaller, neighborhood-oriented establishments, street-level restaurants and on-site parking for 2800 cars.
A 2-acre public park on the Harlem River waterfront will reclaim open space for the public’s enjoyment. The park will connect to adjacent waterfront recreational facilities and additional open space to be developed as part of the new Yankee Stadium plan.
The Gateway project will stimulate the local economy by giving residents options to shop locally for goods and services, rather than shopping outside of the City. Moreover, Gateway will generate a substantial number of new jobs: it is expected to create over 2000 construction job and 2500 permanent retail jobs. This will create employment opportunities to help alleviate the significant poverty rate and high unemployment in the area.