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Bronx Outlet Center "Explored"


With the popularity of outlet center projects at its peak, The Lightstone Group, a well-known outlet center developer, has been looking into potentially building an outlet center in the Bronx, reports Crain's New York Business.

In May, Lightstone bought the 1-million-sq.-ft. Whitestone Multiplex Cinemas site for $350 million, and it has since been meeting with borough officials about repositioning the property.

Ms. Cintron [president of the Bronx Overall Development Corp.] said Lightstone "purchased the property with the purpose of turning it into a Woodbury Commons-type outlet mall" and that Bronx Community Board 10 officials have already been briefed on the plan.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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